(navigation image)
Home American Libraries | Canadian Libraries | Universal Library | Community Texts | Project Gutenberg | Children's Library | Biodiversity Heritage Library | Additional Collections
Search: Advanced Search
Anonymous User (login or join us)
Upload
See other formats

Full text of "San Francisco News Letter-Financial postscript (1872)"

5007 1500T53 

California State Library 



-NIA 

3RARY 



Accession No... 



%z? 



call N .ao33!Xii_5...-„_ c r>-Aa 



-3»-> 



«*V ^^Tl 



3I32E (.-At 5M SPO 



■ 








lludlng Potf 

Twelve Dollar*. 

Strv*-l. Sun Fnn 

California. 




IH*IHitrhrH Daily by the Mail* to every Commercial and Financial Center throughout the World, 






SAX FRA2TOISC0, FRIDAY, JULY 19, 1872. 



No. 1. 



VmAKClAL POSTSCRIPT OFFICE, 

Sax Francisco, 12 m., July 19, 1872. 



BULLION, MONEY AND EXCHANGE. 

GOLD Bars, 860 @ 70. Silver Bars, l\ Discount. 
Treasury Notes selling nt 87J@ 87|. Mei. Dolls. 8 @ 8J prem. 

EXCHANGE on N. Y., k per cent, premium for Gold ; Currency, 
13 J per cent. On London : Bankers, 49; Commercial, 49£ ; 
Paris : 6 francs per dollar. Telegrams, $ por cent. 

PRICE of Money here, 1 @ 1J per cent, per month — Bank rate. 
In the open market, 1 to 1J. Demand active. 

LATEST TELEGRAPHIC NEWS. 

London, July 19. 

Consols, 92". for money ; 92% for the! TJ. ». 5-20 Bonds, 91*. 

Aeoount. 
Liverpool Wheat Market, lis. iOd. 



New Tobk, July 19. 



Gold opened at 114% ; 11 a. m. at 114% 

a p. m. at 114%. 
Sterling Exchange, 100% @ 110%. 
Floor, dull. 
Pacific Kail, 79%c 
Pork, 518. 
Oil.— Sperm, quiet, $1.40 



ter Bleached, 81.68 <? 81.78; Whale, 
qaiet. 72 © 75c. ; Winter Bleached, 
ed. 78 @ 80c 



TJ. S. Bonds.— Five-twenties of '62, 
115%; '87, U5*. 

Wheat,— 

Barley, — 

Quicksilver Mining Company, 42. 

Cotton, quiet, 28c. 
1.45 ■ Win-' WooL— Spring, fine, 38 @ 45c. Barry, 
32 © 87. ; Pulled, 55 @ 60a; Fall 
Clips, SO® 886. Burry, 25 © 30c, 



Hides, dull,— dry, 23H < 
12(9 12*0. 



■ 24% ; salted, i 



THE LOND01C MTJCnTG SHAKE LIST. 

LoNDOir, Juno 29, 1872. 



15,000 
15,000 
50,000 
112,500 
60,000 
15,000 
10,000 

100,000 

60,000 

65,000 
15,000 
18,000 

32,500 
60,000 
40,000 



Birdsoye Creek, Cal., Gold 

ForjruBon, Cal., Gold 

Gold Run, Cal., Gold 

Sierra Buttes, Cal., Gold. 

South Aurora, Nev., Silver 

Sweetland Creek, Cal., Gold 

[Codar Crook, Cal:, Gold 

i Eclipse, Cal., Gold 

: Exchequer, Cal.. Gold and Silver 

London and California, Gold 

Pacific, Cal. and Nev.. Gold and Silver.. 

jPinto, Nev., Silver 

Ruby Consolidated, Nov., Silver 

Silver Star, Nov., Silver 

Tuolumne, Cal., Gold 



PAin. 



LAST MUCE. 



■e s. d. 
40 
20 
10 
200 
5 

4 
1 
10 
10 

1 
7 

5 
10 
10 

2 



1 ©Da 
3%@4»4 
1%@2% 
4 @4h 

vmstn 

9-10&11-16 

&& 

3 <?3% 
5%<5-% 



BTJLLIOIf PRODTJCTIOH. 

The United States commissioner of mining statistics, presents the 
following estimates of the bullion products of the country for 1871, 
as compared with two years preceding : 



Arizona 

California 

Colorado 

Idaho 

Montana 

Nevada 

New Mexico 

Oregon and Washington.. 

Wyoming 

I'tab 

Other sources 



lsss. 
.... $1,000,000 
.. 22,500,00(1 
... 4.000,000 
... 7,000.000 
... 9,000,000 
... 14,000.000 
500,000 
3,00,000 



IB70. 

$800,000 

15,000,001) 

3,075,000 

6,000,000 

9.100.000 

16,000,00(1 

500,000 

3.000,000 

100,000 

1,3000,000 

515,000 



IST1. 

$800,000 

20,000,000 

4,663.000 

5,000.000 

8,050,000 

22,600,000 

500,000 

2,500.000 

lOo.OOO 

2,200,000 

250.000 



to 






•r otl l $61,500,000 (866,000,000 $66,663,000 

eful estimates of '.ho bullion yield for the (•■irrent yoar, aoom 
*■ tttSJ thl-*>.'.9j ,nrpdust«iU reach.*10O,000.O.»l. 



Drraixu the. past week 'here have been sales of California Insu- 
rance stoeic a'. 79 nnd Tinman's Fund at 50; also a lar^ lot of 
Spring Valley Water, part at 80$. San Francisco Gas Stock-.v-lnch 
bus been nominal for some time, sold to-day to the extent of 200 
shares at b'0. 



SALES OF STOCKS THIS DAY. 



5»ar„. /,,»v.r, Hlghrit. 

Alpha 50 58% ia 55 

Arizona & Utah... 80 — 2 

Belcher 12 1085 % mm 

Buckeye 60 

Bait. American. ..200 1% 

Bacon 25 75 © 

Baltimore 250 3 © :•.', 

Caledonia 265 60 @ 62 

Central 60 6 @ 7 

Chollar 4.5 107%@109 

Confidence 615 105s® 11 

Con. Virginia 150 36 a 37 

Crown Point 881% 145 <s 156 

Con. G. H. Q.z 100 5%@ 

Daney 75 2 ® 

Dardanelles 100 3% 

Exchequer 100 16 <s 17 

EcUpse so io;<:@ 10% 



Sham, 

Empire 896 

Gould & Curry 02 

Hale &Norcross...Hii 

Imperial 600 

Julia '150 

Justis 240 

Knickerbocker ..1065 

New York 1*5 

Ophir 420 

Overman 20 

P. Sheridan 100 

Savage 95 

Seg. Belcher 80 

Sierra Nevada 195 

Trench 10 

Woodville 950 

Yellow Jacket 115 



Loirnt. BtghVh 

111'.. 

IS", ,„ VM 

sii ,., s:i 

II "i ll'i 

ii%(a 7 

17 © 18 

8 © sh 

% 

48 © 44 

152% 

1 19 

III m 

U' 

111 






Yesterday Afternoon's Sales. 



Amer. Hill 300 

American Flag... 420 

Bacon 45 

Bowery 100 

Belcher 20 

Caledonia 120 

Confidence 240 

Con. Virginia 115 

Crown Point 130 

Condor 110 

Chief of the Hill.. 1 75 

Empire 150 

Eclipse 220 

Eureka Con 510 

Excelsior 150 

Hale & Hunt 100 

Hale tcNorcross.. 30 

Imperial 920 

Independent 75 

I ngomar 715 



3 

2l'A<S 22 

72' i<& 75 

3 

1050 

00 

10 ©10% 

36 (5 37 

150 ©153 

3 ©3% 

4'-i 
9%© 10 
10 @ 10% 
28S4© 24 
15 
2% 
79 © 81 
13%© 13% 

2 
IK© 2 



Meadow Valley.isu 

Mammoth .50 

Minnesota 450 

Ophir 205 

Overman 50 

H Treasure 95 

Pea Vine 200 

Phcenix. 1000 

Pauper 50 

Pioche 955 

Page & Panaca...230 
Raymond & Ely..220 

Savage 80 

Seg. Belcher 15 

Silver Hill 200 

Trench 5 

WarEagie 25 

Washn & Creole.. 60 
Yellow Jacket 80 






92% 
9 

60cts. 

a® 4 

2 

© 24 

2 

©141 

©165 

122% 

8 

10 



4% 

142^©143 



Closing Prices of Stocks and Bonds. 



Stocks and Bonds. 
U.S. Bonds, 5-20s, '65-7-8. 
U.S. Bonds, 5-20s, 1864... 
U. S. Bonds, 5-20s, 1362.... 

Legal Teudor Notes 

Cal. Stato Bonds, 7s, 1857. 
S. F. City Bonds, 6s, 1855. 
S. F. City & Co. Bds. 6s, '58.. 

S. F. City Bonds, 7s 

Sacramento City Bonds.... 
Sacramento Co. Bonds, 6s 

Yuba Co. Bonds. 8s 

Santa Clara Bonds, 7s 

San Mateo Co. Bonds, 7s„ 
San Francisco Gas Co 



Mining Stocks. 

Independent G 

Minnesota 

O. H. Treasure 

Ophir 

Gould & Curry 

Savage 

Chollar Potosi 

lliile &, Norcross 

Crown Point 

Yellow Jacket 

Imperial 

I'hiinire Mill 

Alpha Con 

Belcher 

Confidence 
■■. 



ifi 



Bid. Ask.ll Stocks find Bonds. Bid. 

101 102'i ; Nat. Gold Bl(. nnd Trust Co. 110 

101 102'ij Pio. Land and Loan Asso'n 100 

101 102% Oakland, 10s 106 

87% 88 Spring Valley Water Co 81 

100 — Omnibus Railroad Co 

98 — | Central Railroad Company 

94 — I N. B. and Mission R.R. Co. 

UK) — Front St. M. & O. R. R. Co. 

30 — Fireman's Fund Ins. Co 

75 — Morch'ts' Mut. At. Ins. Co.. 

90 — California Insurance Co 

90 — Union Insurance Compan 

90 96 Pacific Bank ' 90- 

60 00 The Bank of California.^...".' H5 

Bid. .Auk I Mining Slocks. 

2 — I Globe 

2% i Bowers 

o Utah 

-1! Bait. .American... 

190 Central 

155 Silver Hill .'.'.'.'.'.'.'" 

I. '■* Eclipse 

■sii Trench 

156 Heck Island 

142 i, Dardanelles 

1 1 1 ^ New York Con. ... 

i"'... Occidental .'.'.','.', 

Senator I | ri, 

1 "• I Id Hill Q ... _ PS. 

W ,111c. * ' — ' 

3K. u u,.iv Vullov.. . 

I nd .v lii 



l.l' . 
185 

!,;=:: 

82 
150 

141', 
14 
. 10 

. 58% .54 
.1035' 1 10W 
. 8' J H 



Bid. 
2 
10 

2 

r° 

6 



Ask, 



I 4 
ii 

2 
6 
1' = 



•^srs 



Qr Mm an 

.fusfice 

Succcv M. M 

Julia 

Lady Bryan 




Excel lior.... | 

American Fin* | 2lK 

■; : i 

Bowerv 

! Huhn & Hunt......".".'.'.'.".*.'. j 

i Jneomar J % f 

t Condor q 8 



Z% 



I 



THE DAILY FINANCIAL POSTSCRIPT 



FINANCIAL POSTSCRIPT OFFIQE, 

San Francisco, 12 m., July 19, 1S72. 



The Credit of San Francisco. 

THE conservative management of the municipal finances of San 
Francisco for a series of years, coupled with the small amount 
of public debt in comparison with the resources and taxable, basis of' 
values, has had the effect of placing the municipal credit on a par 
with that of the oldest Eastern cities. Her securities now rank with 
the best, and are sought after by conservative investors. They are 
attracting the same class of capital which seeks similar investment 
in the East, and which has there had the effect of maintaining the 
value of such securities, despite the temporary ascendancy of bftd 
men in the municipal government, and during terms of financial 
mismanagement. Although the public debt of the city of New York 
has been increased during a few years from forty millions t" upward- of 
eighty-live millions, each successive issue of bonds has been taken at 
a premium. The debt of Philadelphia has increased in tin years 
from less than twenty millions to nearly sixty millions, yet none of he* 
securities have been negotiated below par. The city of Baltimore 
owes fifteen millions, yet her bund- and the railroad bonds guaranteed 
by her, are at par, though quoted about !>."> — the nominal discount 
being attributable to a State tax levied on the accruing iniere-t. San 
Francisco six per cent, bonds arc tb-'day at 95 to '.is. go long as a 
public debt is not disproportionate to the public resources for pay- 
ment, and the public faith is above suspicion, public securities will 
always afford the favorite channel of u-e fur that chafes of capital 
which regards safety as the controlling element in it- investment. 
The taxable basis of New York City is eleven hundred millions, on 
which her debt is about eight per cent. The taxable basis of Phila- 
delphia is nearly eight hundred millions, on which her debt is about 
seven percent. The taxable basis of Baltimore is under two hun- 
dred millions, on which her debt i- six per cent. The taxable basis 
of Sari Francisco (excluding mortgages which may escape as. invoh - 
ing double, and therefore "unequal," taxation, which is prohibited 
by the State Constitution) is two hundred and twenty-rive millions. 
This basis is adequate, as shown by the instance* cited of Eastern 
cities, to bear a public indebtedness of six, seven, or even eight per 
cent., while the securities evidencing such debt ought still to com- 
mand par, if not in time a premium. The present total bonded debt 
of the city is three and a half million dollars. A margin often to four- 
teen millions, therefore, -till remains within which the city may safe 1 
»e in expenditures for improvements and public 
enterpi construction of public buildings, the extension 

and b her public park, the construction of a sewerage 

menl of the water front, or aids by subscription, 
dy in Furtherance of works of internal hriprove- 

The San Francisco and Colorado Railroad. 

he capital .-tuck of the San Francisco and 

do Railroad C impany, together with the amounts of their 

— . as they appear on the subscription book at the 

Ran'n as follows : 

AY. i 100 : II. 1>. Bacon, $250,000 ;W. T. Coleman 

I ... r. Babcock, $50,000; h. M. Newhall, 9500,000; 

Peter Donahue, $500,000 ; Michael Reese, §250,000 ; John Parrott, 

5250,000; Thomas Bell, 250,000; M. S. Latham, 5100,000: 

John 0. Karl, jl50;000; Albert Gansl, S50 f 000 ; Nicholas Lunig, 

$25iuu0; Mark Living-tun, $50,000 ; F. D. Athertpn, §250 000; 

T. H. SeTby, $50,600 ; Thomas Bell, $250 000; .1. Mora Alo-, 

850, '; QeorgeH. Howard, $50,000 ; .1. Bel&sn, $25,000; Wil- 

liam Burling, $50,000 j 11. P. Mprrow, §250,000; J. S. Fry, g 50- 
000; William Norris, $100,000 ; D.J.Oliver, g50,000: George Y. 
Hooper, $50,000 ; Fred S. Castle, $50, 000 ; Miller & Lux, §250- 

000 : A. Borel, $50,000 : It. M. W Lward, $50,000 ; H. Barroilhert, 

$50,000; Charles Mayne, $100,000; John F. Frisbie, #50 ,000 ; 
Thos. B. Lewis, $100,000 ; Oliver Eldridge, $20,000. Total, $4,- 
220,006; The articles of incorporation have been -cut to the Sec- 
retary ijf State's office yesterday. Tie- object of the Co. i- t. ► con- 
struct and operate a first-class road from San Francisco to Arizona. 
by way of the Colorado river, running through the counties of San 
Frjuicisco, San Mate... oanta Clara, Santa Cruz, Monterey, San 
Lrtris Obispo^ Santa Barbara, !,<>- Angeles and San liernardino. 
The line of the road run- through the city of Los Angeles atal tic 
town "f San Bernardino. The following are the incorporators : 
John Parrott, H. M. Newhal^ J. MoraMoss, George H. Bfowurd, 
Albert Gansl, Peter Donahue, Josiah Belden, AVilliam T. Columan, 
John O. Karl, II. I). Bncoiij W. <.'. Ralston, Michael Reese and 

II. 8. Woodward. Tl raters elected are: President, J: Mora 

Moss ; Vice-President, II. M. Newhall : and Secretary James 

O'.Neil. 

Profitable Banking. 

■|'| M ei'ulil- of " National* 1 Banking arc illustrated by si.nnc luhle- 

pubHshed" by the New Fork F.ttimcU r, showing the condition 
,,f tl,,- National Hank- of that city mi the 3 0th ult., compared 
with six months previous. The aggregate capital al the two d&tee 
named, was the same, $71,783,500. The surplus which was $28,- 
204,300 at the beginning of, the year, equal to less than forty p^r 
cent, of the capital, bad risen in June to s:!0, 560,900, or ijearly I'orty- 
turecper cent., while dividend- amounting to »2,300,()00-(over three 

int. The prie 

Hunk 

■ 

i rirr rliiyriinm. rniml -v- 



i . ,■... 



earninge of h-s- than 



d tile 

t a -ur] I 



v«ry iibfly i.. i - 

lender**, who, b;j tl m 

the Onoreh !■> which li« belonged ; a- '■• sunn 

nut-ion- by persona uol engaged in bin t king »■'«'_ ""' 

and formal, mill \vt_MiU .-^^^^_ i n danger of being ( 



very means set to save. % 
who ought, in order to mill 

law set up in office a- tie n regu- 

lator of the profits of busiui , ; iroceed in justifying hi- official ex- 
istence by presenting such failures: directly underhis eyes us those of 
the Ocean, Umrm Square, and Eighth National bank- here." 



Our Wlieal. 

The harve-t in Kngland last year was «li,»rt, ate! lite iv-uH was 
thai during tire hi-t nine . niontlf- that country imported 1^,077,394 
hundred weiglits of wheal and Hour against 12,299,701) hundred 

weights for the entire year preceding. A olose analysis i if the -n.rl, - 

in the English markets shows that during the interval between July 
l>l and the uew harvest the requirement- will not be h?ss than 12,- 
000,000 bushels of grain. The grain in store in New York and 
Brooklyn, at latest mail dates*; 'amounted to 2jJ3nO_40J bushek, and 

tlie total visible supply of wheat a't Atlantic and Western -hipping 

ports then amounted to o,l.!).">;724 bushels, with no considerable sur- 
plus remaining in the bands of farmer-. Whether the English har- 
vest be good <>r indifferent, it is apparent that that country will 
take all that can be sent thither uf the California surplus — at a price 
which will allow full freights to ships, and a fair margin above cos! 
of prodOeihg to fanners. 

■ ■ '. '■■ ' . ■ ■ ' - 

In a morning paper of yesterday, jui article, appeared entitled, 
''Cooking a Dividend*" purporting to be a report of the case - 1 
Thomas .1. (iallairher vs. J). J. Oliver, tried, on the 18th in.-t., in Hie 
Twelfth District Court — involving the question of the liability of the 
defendant as a stockholder in the Pacific Tannery Company. The 
article in question, gives the impression that the concern, while 
under the management of Mr. Camih* Martin as President, bor- 
rowed money for the purpose of declaring dividends, and that the 
money was not ut-ed for the legitimate business of the Company. 
The testimony in the eftee -bowed that all the dividends were btma- 
li'lp earned and paid, and the Company's inventory shows that its 
assets, at the period of the.se 1 dividend.-, were in exCefei of its liabili- 
ties. When the Company was found to be insolvent, dividends im- 
mediately ceased, together with the salaries of all the officers of the 
Company. 

The Court gave judgment for the plaintiff for the amount sued for, 
Viz.: $907, And, aWo, gave judL-tiieiit for the same plaintiff, in * 
similar suit aginst D. Murphy, for |8;63& 









Thk FlRBT Car Load of pear- sent across the continent this sea- 
son, was forwarded from Sae^anfento on'the 17th inst. They wen- 
the Bartlett variety. The fruit market ("says the S<M. f'mbn) open* 
lively, and we have the proaptectoi a brilliant and remunerative sea- 
son. Fifty tons more of pears arc to be shipped in a few day-, to- 
gether with an assorted .pjautity- of fr-uits. 



Thk Mortgage of the California and Oregon Railroad, origi- 
nally made, by the Central Pacific Railroad Company, to Eugene 

•f the second part, was, la>t 
■rauieiito County, to D. S. 



nally made by tne central Jl'acinc Kaitroaa Company tc 
Kelly and Philo C. Calhoun as parties of the second part, 
week, transferred, in the records of -Sacramento County,- 
Dodge and Eugene Kelly. 



Tiik Kuehamui copper mine of Fresno County, which had lain 
idle tor twu year's, hftS, -inee^-tjia- boon 'iv-openi-d^forwardfd -by rail- 

road, one hundred ton- of ore,. containing. sixteen peiMfenfe copper. 
Prospecting for copper, is going Si in the vicinity. 



N i \\ Mexican rttdlftrw are s*e1T!hg ut \% premium. F«r i>ld, *'"'«', is asked. 



OUR RAILS. 

RAILROAD. TAXATION^ 

■flic L-eunty assessors ofrhe cnnutips.thrnii'rh which railroadi pans hare laid 
tisscsitment on tlmse- onlvrpri.-es whiiib challenge attcotiyfi'. In San Joaquin 
i.'eunu'. eighty-nine and one-half miles of road are dssesspu' for !*i,:tw,73it — say 
$15,500 per tailf?. In Saortimento County, the assessment h $1,055,020, or nearly 
g20,000 per mile. In Napa County, the rate is only $7,150 per mile— indicacfna 
h wide divergence in ass<--'ors.' views. Whatever the a-sessment may be^ir.. 
must he liorne in mind, thai thetraflic pays the tax. bike the tax on mortgages 
which ie paid by borrowora—not by leudeis,— likeoustome diitieft which are-paid 
by cunsumera— not bt foreign producers, so the tax on railroads is paid bv tjn' 
frei'-'ht iiml passoneers. and nut. t me dollar b> llie rAUroad mniei>. ' The govefil- 
nu'iit tax on street railroad receipts will be reuiombered, under which,- in ordbr 
to pay the governinenl n Fraction of a cent nor ticket . a whole .-.mt was exacted 
from ejich i-a-seu-er. So, when a ca-toin^bity is ,i H M by the importer, he adds 
an additional prohf to his pneoto coyer the one of bhe capital loofcetl up in the 
doty payment, [he jobber adds a like extra proSt< and by the time the article 
reaubet 1 the consumer, the lattec ha- to pay the amount of the ork'inul dutv 
with tin- inteiiHi'iliatii comuoundad inoiii-. &>, when a tax is laid on railroad^ 
turnpikog, or fteairiboab?, the oompaay add- td its estimate of roiming expenses 
an amount solhnnit tn cover the taxand t^me thing more fnr.i-oniinj:enrii*s and 
iixes the freight hnd passenger scheduled so iu to produce the gross amount. So 
that it must be eleaYly understood tliat the tax on railroad- is a tax on wheat 

wool* wine ffee,a6thing, tools and travel— jn short, h dim-t.tax on trad*. 

In the most sLiontific revenue Ie ever Framed— thai prepared for the State 'of 

New \ork by the Board of Commissioners, whereof Hon. David A. Wella was 
chief— the our property exempted from direct taxation was railroad property 
Such a tax. .said Mr. \\ ells, i- a tftx op (be pavductions and indostrv of the 
' ntry levied in ii wrm tuileulated to directly hamper and elogtheir free move- 
ment. 'I hus it appears DHai in the ft] i in ion ef the first of American economist* 
the tax .m transportation is the must mischievous form uf tax that can be im- 
posed, and was, therefore, the one tax fijal he aiid his co-laborers excluded 
from their scheme for raising revenue. California in its wisdom has imposed 
this tax on transportation, bul it is obvious that the lighter it is made, the. le-s 
drain will it be on the profits <>\ our production, and the less felt as a hamper 
and lb <l; mi i be development ot our industry. 

The railroad assessment : 



E. 



ate 



-amenio-Cuimty baa been before tbe Board of 
\\ itnesses testified that tb« i nine of the lailroad sitpmtruciitn 
> tHHljii] 

. ■ 
... I rni thn 

ground. In the 

l ii .. 
l'. it tbe i'<-i ol intoaceoujil 

ii kl in *cd ,,t $pKl,il(Hi- 

■ i WRV, 
'■•' ';• ^ ll ^: l ^'^ 'be >'"[['* !'■'> i-'^t.llie I 



vbich may b« ae tfrooh 

'■ li'tt lei 



M)fC to I 



'oi ohftii "'v ii r""-" :,a '"'i.n. ;„ , 

■ ■■ ■ vl££ Z^/flr. oxac ««l 5s 



mprzo 



OF THE SAN PUANOISCO MEWS LETTER. 



and ' 






THE TEXAS PACIFIC RAILROAD 



ithin 






,1 i.. .11 (I,. 

til, -it 

oountrj i" be 

■ l.i \--ui 

tuins v '•" 
■ '. bei \ aluabl ■ medium (ui the mo* '•• 

nit i>-~ 

- of li. trnl-, kind-, etc.; With tin 1 -!- and tin- 

tod beli v * - 1 thai before Ihe next d ting 

innde. It i- H, 

anciul aid required to prom the work to the 
n; thi* course in demanded I no own in- 

i country nl lai 



AMERICAN MINES ABROAD. 
The I 01 
There w i und other of 

it ill*. 

• m tin' 

i other pro| a Ml lit- only ■ freab 

luilir. and will pi | Iam oi (To lied 

recenl vleil of 

M- Ki in, ol i i iii, 8i ii itor Stewart, T. W, Park and other law 

■■■• man In the i onntrv 

i Hi h ii- v rttewan and 1111 













\i 














[ mi ted i 








nil irpi Ii 


Mil 


1 . iron 




tl 



THE SUPREME COURT 
..i the Stale of California, in ir- July term, which closed on the i lib Inst., do- 
elded the important ease of tin- President and Trustees of l?an Diego again*! 
the S»n Diego and l.--- Angeles Railroad ' 'uinitanj . wherein it is held thai " the 
Ik< will not permit one who acbj in ■ Bduciar) capacity to doal with himself in 
hb individual capactar.' 1 Thie i* on tho principle thai no man can faithfully 

■ •• oiutora irnwc intvi.'-r- are or inaj be in conflict. En accordance 
with an act of the Legislature, the Hoard uf I'm-i.-.- lsbtingof throo mem- 

« I attempted I acm of the oueblu lands to the railroad 

ny.of which one of the Trusteea u n Dtvokholdor. The matter wan lit- 

md tho judgment below, tumtaining' tho validity of the crnnt, i- reversed 
•tn the iipnind above mention* d. - . 



clitu 



THE SAN FRANCISCO AND NORTH PACIFIC 
Railroad Company, Lately incorporated to construe I a railroad from San 
to Hum bold I Bay ri .is referred to by the I'kiah Mondocin 

follow* : " If we huve railroad communication bctwoen Saucelito 

nod rkiuli. the through trip between here and San tfrancisco can be i Le in 

about Ave houi ild certainly bo h vers desirable thing, for under 

pressure one could make the round trip, down and back, in one day, Tl aay 

iinil pleasant communication would doubtless, 1 bring us many visitor* for 

Itloasnre, a ho would find attractions here and horeabout tit keep them awhile. 
laving railroad connection >* ith Napa, Solano and as a consequence to distant 
i»ointSi would also add to trat el bitherward." 



THE BREAK 
'in the California Pacific Railroad wae recently examined by the Directors, 
with avion to repairing the same, it was found there n as not -uthcicnt water 
there to floats pile-driver.and the character of the soil was nut ouch as to make 
a levee available. It was decided to begin operations as soon as possible, and 
to pur the road in runnins order al the earliest possible date, \ temporary 
track iv ill be constructed, and aa soon as practicable the road vviii bo substan- 
tially reconstructed, and put in a safer and butter condition thun evw before. 
h i- proposed thai the cars shall be running again from Sacramento to Vallejo 
by the nrsl ofSeptember. 



THE AMERICAN AIR BRAKE, 
used i'ii the Pacific and other railroads, is commended by Engineering (Xon- 
don), which say- ir has now been " tried upon the Caledonian Railway, and late 
upon t lie* London and Northwestern Railway, and on both lines it is being 
worked with similar results to those obtained in the United States." And it 
adds thai had the express train which was involved in the recenl frightful 
accident on the Orleans (Franco) Railway, been provided with the Westing- 
bouse brake, the accident need not have occurred. 



THE ATLANTIC AND PACIFIC 
Railroad Company have Leased the Missouri Pacific road, the eastern trunk of 
the Atlantic and Pacific line from St Louis to the Pacific road. The Missouri 
Pacific, besides its debt, has ;i capital of |3,WO,000, which, under the Lease, is 
t.. be doubled to $7,200,000. Upon this an interest at five tier cent, is to be paid 
the first year; six par cent, per annum for two years thereafter, and seven per 
cent, perpetually after these throe years. 



OUR MINES, 

PINTO SILVER MINING. 
'* Pinto Silver Mining '' is the title prefixed, with some grimness of humor, 
by The Miniiui World (London) to its report of the meeting of the sharehold- 
ers of a Nevada silver mining company, whose share* appear on tho regular 
London mining-share list. The following proceedings are reported : 

Mr. Sall said that he was one of those unfortunate individuals who had. at 
various times. losl a great deal of money by mines ; and, like a burnt child, he 
dreaded another fire. It had been stated that a certain quantity of ore was 
rdndy for shipment, and he wished to know why it had not arrived. 

Dr. Fkoan observed^ that the chairman had stated to him that £40,000 worth 
of silver had been raised, and that the company would surely declare a divi- 
dend. 

The Chairman (interrupting] — As this is a matter of fact, and reflect- upon 
my personal honor, I must at once rise and give a most emphatic contradiction. 
You have been mistaken ; i never sard what you have just attributed to me. 

Dr. Fkoan — Then the secretary or some one in the office? 

The Cmairmax — Xo, -ir : neither myself or the secretary. 

Dr. Fkuan— Well, as to the mill ? The shareholders were informed it would 
be a first-rate one, and that, by working that alone, a dividend of ten per cent, 
could be earned. Now, 1 am told by a mining engineer that the mill you have 
erected is only a third-rate one. Have you any reliable information in refer- 
ence to that ? 

The Cti viRUAN. in reply to the questions, -aid. that aa to the quantity ^<f ore 
raised, in the series of Letters senl out to the shareholders, the information 
riven was most, precise, and tho fortnightly reports confirmed every word he 
bad ever stated. What lie had previously said was that the company would 
have about 2,000 tons ready for milling ; whether that was so or not, the Board 
would be able to report in a month. The produce had been assayed often 
enough, and the reports communicated to the shareholders. His words, as 
reported, were : " The practical result will be this, that by the time the mill is 
completed, you will have sufficient to pay for it: and it is, therefore, of the 
utmost importance that you should complete these reduction works without 
delay.! 9 The mill was completed in December Last, and those who bad visited 
it said it was a first-class one : thai so good a mill bad never before been erected 
on that side of the Kocky Mountains ; it was taken as ;i model for all other 
mills; and, therefore. Dr. Fegan must have been sadly misinformed. Had 
they chosen to send rough ore to this country, as had been done by some other 
companies, then a dividend could have been declared ; but the Hoard thought 
it would be very unwise, fur the sake of declaring an early or temporary divi- 
dend, to run the risk of shipping rough ore. The board were informed that 
there was such a demand for P reduction mill that, if they worked the mill as a 
custom mill alone, it would earn sufficient to pay a dividend. During the bad 
weather, when it was impossible to get the ore from the mine to the mill, some 
ore was dressed for the small minors, who wore living from hand to mouth, and 
who took their ore to the mill to be dressed, at a cosl of $;tl) per ton. There was 
a little delay in putting up the mill, in consequence of the dilheulties of trans- 
port ; when finished, the mill was worked for three or burr weeks on low-grade 
ore. as was customary in new mills, and at the beginning of February the corn- 
pan) received u shipment of bullion. Then they were told it would be better 

to stop the mill for a short time, in cons lence of the temporary difficulty ol 

transporting the ore, and tho increased cost of *o doing at that pet iod, and the 
increased price of oharcoal, eunsoiuieni upon >*imilar contingencies. Then if 

« -is found fresh SQttling-pvwrs " ere rfituircd. II*? Imp.*, I l.\ i\ ud of tin* wouk 

r.> be iii a position to send the Btaurenoiat'ie » ■ ■■■ 
information. 

Ur. ' . ... 

■ ■ 

. ., ta |, m ay contain useful hin "'' , " 

.... 

h 



the Mormon*, bul be rannol live without 

■ : ■ . i 

morbus, bul with n, be will In di 

- up a iiii a bo London 

BtOCiC i'\' I 

W'ii'i regard to Aim > I .. the New York ItaUy 

HuUrtin coniklun that tho Kw "most have a wonderful men 

.. i, . . in Sen » ork, II 

'!■ promoters are mere 
Western adventurers, with uotl it either capital or character, and who 

could no! find a respectable banker In New fork to co-operate with them, The 
aztraordlnarj reatnreli mttbal ourlnvestora never n 

uarkel Bhoukl bo sonzhl on tin- Atlantic, " whei 

t means for testing thi Btatenicnti of flam n prosnoctnsee and the reports 

of ' well-known minlns englueere' or tl pinion* of f eminent professors/" 

The present effort* pi pfai e mlulns properties In London are, II Is added, the result 
of a wild speculative excitement En San Crancieco and the Pacific States, wl 
stimulated bj the ease with which lin^ii-ii people have already been enti 
■■ Mining stocks have fallen Into tho control of a nandfn] of wealthy speculators in 
San Francisco, who make For thorn just what price- ihry plra-r." Their late.-t 
tas been to inaugurate the "watorhig" system, any Borne eighteen compa- 
nies, with -in already umple capital amounting to £4,800,000, are to ba^ 
ncs augmented to £17, 100,000, 

THE COMSTOCK. 

Itelclri'r. -The regular weekly letter of the L3th \n<t. save : "The Btopee look 
as well as ever. The south drtO in the l,OOI>foot Level is now in a distance of 160 
feel from the Crown Point lino. Face of drifl shows fine ore. and the stones on 
this level are Opening onl far better than I expected. The mine is terrible hot, 
and ii is impossible tor ns to tnke out as much ore i hi- month as usual, for the 
Jacket Company is making repairs in machinery. The proceeds of this month 

will fall far short of the returns of the previous months." 

Savage, Tho \ trgtnie /->< ttfng Chronicle of the 15th inst. says : " The strike 
was in the south cross-cut east From the main south drift, 1,500-foot level, and 
the miners were locked up by order of a foreman, during the temporary absence 
of the Superintendent Tho foreman thought the rock was rich enough to jus- 
tify the step: but this morning, when it was tested by assay, it. failed to pan 
out. The cross-cut is penetrating new ground." 

THE PIOCHE MINE. 

On the second station, the Ledge is about two feet six inches wide. On 
the third station, a drift 225 feet cast resulted in finding a body of ore three feet 
wide, very rich ; a little i\ ator is found on this level. On the fourth level, 4t«t 
feet down, striking the ledge 625 feel below the surface, a large amount of ore is 
raised. 

Mention Valley.— The ore raised to lire surface looks extremely well, the 
Quantity being increased daily. Tho Summit shaft is now below the level of 
the Fit/.hugh tunnel, and the machinery is in position. 



OUR SHIPS. 

Odds and Ends About Steam Lines. 

Five Bt earners left New York on the let of June. They all arrived at Queens- 
town on the mtli. Thus makiiis the passage in 9 days, at the rate of 312 mtlee per 
day, or 13 knots per hour. A White Star steamer recently made- the same passage 
in 1 days 16 hours, or at au average speed of nearly l.v ; knots per hour. 

The m vada and .V. brasto of the Webb line, when they were newer than they 
now an. ran between here and Panama. They were then in opposition to the 
Pacific Mail Co.'b steamers and the greatest possible rivalry existed between the 
two lines, fioth companies started their steamers at Ihc same hours, and it will 
easily be understood that the utmost dispatch was used. It will be interesting to 
unr readers in Australia and New Zealand w ho arc now concerned iu the perform- 
ance of these vessels, to learn what speed they averaged under these pressing 
circumstances. The official records of the Merchants' Exchange show that their 
average, the year round, on this comparatively short fair weather passage, was a 
fraction over H 1 .. knot- per honr. Providing they keep up this rate and allowing 
for coaling detention at Honolulu, Navigator Islands, and Auckland, the passage 
from San Francisco to Melbourne will be accomplished in 36 days. The time table 
at present allows 20 days between here and London. In summer this is accom- 
plished regularly enough, but in Winter it cannot be depended upon. From this 
data, which cannot be questioned, it iw unfortunately true that the P. & O. C'o.'s 
mail, which leaves l.undon 14 days subsequent to that via San Francisco, will 
ofteu be delivered iu Melbourne first. In view of the performances of rival routes, 



it is certain that no line via San Francisco can be effective or permanent that does 
not enable the mail between London and Melbourne to be delivered in 15 days. 
With the latest iron propellers this may easily be accomplished. 



nies, in traBjBuutting 

i 



hither side 



of the Roi ky Mountains is the Pinto mill. 



The Klb'iy a British built steamer with compound engines, has, during the past 
twelvemonths, lueii eriL'aired as a cargo boat in the South American trade. Her 
engineer's report shows that She has averaged 10 knots per hour on 12 tons of coal 
per day. She has usually carried 2,0UU tons of cargo. Webb's Xecada, in her 
present service, has scarcely averaged !)'... knots on 5(1 tons of coal per day. 

The Dacota is advertised to leave New York lor Melbourne, via Cape Town, ou 
the 10th of August. Shortly after her arrival she will take up her position on the 
San Francisco route. She "must not, howcvcr.be expected to commence the new 
arrangement in September as stipulated for. She cannot now arrive in time to do 
that, although no exertion will be spared to make a quick passage. 

The last piece of tall talk is that Mr. Webb intends to build two new " splcudid " 
wooden Bteamers for the Australian service. Bah I Nonsense : it is byjust such 
big promises, followed by no performances, that the line is iu its present position. 
Mr. Webb's sbip-bnilding yards are let out to tenants for other purposes; be- 
sides, he has had too much trouble with his present woudcu steamers to dream of 
adding new ones. It is safe to say that no more wooden ocean going steamers will 
be lmilt in this country. 

The Loudon Tvmtes, Standard and Mitchell 1 * Maralinu Register quote approv- 
ingly our article eotitled " Plain Truths About Steamship Lines." Dispatched by 
last "mail, it will doubtless have been read with interest in tire Colonies. 

When President Stockwell, of the Pacific Mail Company, was in San Fraucisco 
the other day, he saw for Ihc first time the New Zealand blue book, containing Mr. 
Win. II. Webb's letter, in which he informed the New Zealand Government that 
the P. M. Company " possessed but little influence." So pooh as the President had 
recovered from bis surprise, lie exclaimed : " 'Od 'rat the man, and was he writing 
like that at a time when he was seeking oar*' influence " to pass his bill, and when 
he was burrowing our steamer Montana to patch up his broken-down servicer 
Little influence, indeed ! Wr doubled our subsidy, anyhow ! Guess the next time 
we support an Australian line subsidy it will be for ourselves." 

The State of Oregon, which was previously Democratic, went Jiepublicau at the 
recent election, When strangers ask the reason, those who know say " Ben Hol- 
ladav." Mr. Holladay owns about all the coasting steamers here, all the railroads 
in Oregon, and has a "share in what is called " the Webb line," which he neglects 
because he objects to its management, lie guesses when the line fails he will have 
to take it in hand and make it a success. 

Senator Chandler, the Chairman of the Somite's Committee on Commerce, hay 
received an official copy of the Webb-Vogel contract. In acknowledging its rc- 
ce'pt, he says : " I regret that American enterprise is to be represented" abroad by 
these wooden hulkf, yet it is consoliug thai, If these ancient mariners must be de- 
cently provided for, it" ; s not to he iioin- at Lucie Sain's expense. It is a relief to 
know" that we shall not he further worried by begging petitions to Congress on 
their behalf.*— From Hie Australian edition of the flan Francisco News Letter, j 

Chartered to Arrive. 

A unmboi of the -drips now arriving iu the port of San Francesco having been 
chartered to arrive at rates lower than those now current, the country newspapers, 
with that confusion peculiar to the bucolic mind, have fallen a-howling. They pro- 
'•a with wrathful teai'6 that the farmer 1b being robbed. Now, the cheaper the 
I'rcii'iiiini-'. 1 1 1 ■_■ higher inaj be the prjie paw tor wheat : therefore tLc farmer 
,- iti'iH'iit' ii, ami 'tn -lop. ii" tmyhody, is " p *y ''•■.'" " by 'tie advance charter. And 

_ i lu-.-u moru scarce and tliei 

. i iiuidc i l!i :ii 1. Hud Cali- 

inM to arrive, at hi'.'li freights, was 

■ freiirhi to offer; 

■ 

: :.. I 

■ 



THE DAILY FINANCIAL POSTSCRIPT-. 



FLRST NATIONAL GOLD BANK OF SAN FRANCISCO, CAL. 

Paid up Capital, si.ooa.ooo. <;oid. President, (it'o. P. Hooper: Vice- 
President, Samuel Hon ; Cashier, X. K. Masten. DiHEri-ons— Geo. F. Hooper, 

Peter Donahae, < barles <■- Hooker, M. 1'. Jones, James Moffitt, James 0. i I , 

EfovardMartln.D. Callaghan,thunnei Hort. Nk« 1 \..'\i- Jaj Cooke 4 i o. 

Loudon Aik-fiii- McCuIloch & Co. Excl principal 

nitcd states. Great Britain and Ireland. Commercial Credits leaned 
available in Europe, I hins and Japan. This Bank Is prepared to transact a general 
hanking im-im---. J npu^its in Gold, silver add Cnrn o check 

Mr .hi -|..vi.ii .i.|im-ii, collections attended to and prompi returns made at the low- 
eBt market rate of Exchange. May '. 

THE BANK OF CALIFORNIA, SAN FRANCISCO. 

Capital. K.1.1I00.0OO. I>. <». Hills, Preside* 1 : U\ C Knlsfon. t ashler. 
AGENTS— In sew York, Messrs. Lkks & WALLrfB; in Boston, Tesmost Sa- 
, Bank; in London, Obixstax Bank Cobfokatiox. Li'iin-c of credit issued, 
available for the purchase of Merchandise throughout Hu- t'nit.-i! Stairs, F.nrope, 
India, China, Japan and luetralia, ExnHANGBforsale on the \ i Louie cities. Draw 
direct on London, Dublin. Paris, si. iVi.'i'-linrLrli. Amsterdam, Hamburg. Bl 
Vienna, Lelpslc, Sydney, Melbourne, Yokohama, Shanghai, Hongkong, Frankfort- 
on-the-M aio. " ' March --"■ 

GERMAN SAVINGS AND LOAN SOCIETY. 

Guarantee Capital, 9200.000 oiiiec 512 California street. South 
side, between Slontgotuerj and Kearny streets. Office Hours, from 9 a.m. to 3 
p.m. Extra bum-Mii Saturdays from I to s pan., fur receiving ol n>-pu-it- mily. Loans 
made on Real Estate and other collateral securities at ourrenl rates of interest . 
CF.or.nv. I. kcu_. secretary. [Jan. '*).] L. GOTTIG, resident. 

SECURITY SAVINGS BANK— GUARANTEE CAPITAL, 8300,000. 

Officers: President, John Parrots; VJee-PreaWer 1, iK'iir.y s. Han- 
cock: Secretary, T. P. Bacon; Attorney, Sidney V. Smith. Loans made on 
Real Estate and other Approved Securities. Office: No.3W SanBome atreei iFried- 
lander's Building), opposite the Bank of California, San Francisco. Oct. U. 

THE LONDON AND SAN FRANCISCO BANK (Limited) . 

Dell Drafts on Ynknliaina. Hongkong, Shanghai ami .Han ill. nl 

ij si ght or o n time , in su ms to anlt. _ July i. 

MASONIC SAVINGS AND LOAN BANK. 
f*i uaranfred Capital, 8150,000, Office, No. 6 __o_\_ street. Masonic 



\DT Temple, San Francisco, California. 
Geo. Robins, Secretary. 



LEOXIDAS E. PIIATT, 

(April i,-„i President. 



411 



M 



FRENCH SAVINGS AND LOAN SOCIETY. 
Until street, above Kearny. 6. Halle, Direr tor. Loans made 

on real estate and other collateral securities at current rates of inn-rest. 

THE MERCHANTS' EXCHANGE BANK OF SAN FRANCISCO. 

(lapitnl stock. One Million l>f>Ilni'N. t^evi Stevens, President ; K. 
j X. Van P.rn nt, (_';,. hiri'. Ranking House, 415 Caliiomia street. Jul] 2. 

J. SELIGMAN & CO.. 

Banker*. >"o. 112 Cn liforn in street. — Kxehnnge and Telegraphic 
Transfers for sale, payable In Gold or Currency, in sums to Bait, on all principal 
cities of the United States. Also, Bills ot Exchange on the principal cities of 
Europe. Dec. 34. 

THE PREMIUM SHIRT MAKER, 
m. Evt'iinc Honin. 520 Kearny street, San Francisco. California. 

July ao. 

DIVIDEND NOTICE. 

The Oeriiiitn savlnmand Loan Society The Board of Directors of 
theSoctet] have declared the dividend for the six months en-linn Jane SOtli, 
I8i2, si the rate "i (98-3 per cent i nine and tUree-flftbe per cent, per annum on Term 
Deposits, and (8 per cent.) eighl per cent, per annum on Ordinary Ib-pu.i.-, in-e «-t 
Federal tax, payable on ami alter Monday, the Uth July. By order. 
•Inly 6. GEORGE LKT 1 E, Secretaiy. 

DIVIDEND NOTICE. 
W : "< Francisco Savings ITnlon.SHS California street, corner Webb. — 

For tin; bait year ending with SOtli June, >.'.'. a dividend has been declared at the 

j (y 6-10) per cent, per aunum on Term Deposits, and eight 

i Ordinary 1 '■!-■ .-U-. ten- of Federal tax on deposits, pay- 

r, is;-;, gj order. LOVELL WHITE. 

_ Cashier . 

HAY PRESSES. 
factoring Company, corner of Fourth ami Bry- 

I finished FIFTY EAGLE HAY I'RESSEs. with several 

esi Press in the country, for the least m j \ Price, >.'"". 

nple, easily handled and rapid. JnneS. 



rate of nine ami six-teut] 
^xt per cent, pel" annum i 
able on and after loth ,7u 
Julytl. 



The Kimball Mai 
ant streets, have 
new- improvements— th 
Weight, 2,21.0 mdB. 



F. G. NAGLE, 
i^cnreher of KecortlM. Sonoma eonuty, Honey's Brick Rulldfna;, 

_____ June 15. 



to Santa Bobs. 



W. W. DODGE & CO., 
Importer** una Wholesale Dealers in tiroceries and Provisions, 

Corner Front and Clay streets, SAX FRANCISCO. 
NEWTON BOOTH, 1 J- T. GLOVER, 

C. T. WHEELER, W. W. DODGE, 

Dec._p.] Sacramento. San Francisco. 



S. T. SUIT & CO.'S 

CELEBRATED HKMUKT YVIIISHIKH ! 

Congress Bourbon, National Bourbon, 

Capital Bourbon, I Breckenridge B. B. B. Rye- 

None of the above brands are undue thbbe rBABs old. Qnalih," Guaranteed. 
uowTit A <"«.. Bacranjieuto, W. W. miDUR »v CO., Man Fraiicisco. 

Dec. 9.] Sole Agents for Pacific C oast. 

C. J. COLLINS, 

H alter. Ho. 321 iiniiiuomei-.t street, near California street, under I. 
0.0, F. Hall. Masonic, Army and Xa\ \ G .,,,1- n S|.i-.-iaiiv. All -..,,d- im- 
ported or manufactured by me are guaranteed to i f the verv best ijiiaiit v. Tliank- 

lill lor Ibe lartie and iliereasinu patruna^e ln-hnvi'.il ii]i..n me bv tin- pnbl'ie, | liopp 
to add to it bv the Buperlorlty ol my work and the rea-onable ii«iires at wliieb even 
arti cle is sold. _____^ JuuuiB. ' 

MORRIS SPEYER & CO., 

itrieha'nl-. Mo. IS Mereli. Exclttluj, 

surance Company. Ofllee.lS Merebants' KxeliaiigK. t'ol- 
ri.'s Issued against loss or damage by Are on brick and frame building-, si u res and 
dwellings, (urnli nre and merchandise, jvareliouso and content--. Premiums a- low a* 
in a nv other responsible companv. ;_:' am m ■--!■- paid in I" . s. GmM i oln. 
Jan29. MOR RIS SFEYElt & t P.. General Agents. 



Imoortcr* and ConunEssiou llereliants. .Ho. i:t .llei-eh. 
Hamburg-Bremen Fire in 



E. C. Nbwuwf. 



M. D. (\i;t;. 



!'. II. In N\. 

NEW ESTABLISHMENT. 

Miitii utile Prin tine House. K.K.cOriicrNacrainen loand l^'idextlnrtr 
streets. CARE, in SN & NKWHOFF. Prartical Booh and Job Printer*, dr- 
dre to niftirm their friends and the publlo thai they tire now prepared to do every 
description of printing In the very bet»i style ol I he art. (inr pre--i> and types are 
all new, and of tile ven latest atyles. Give us u call. The t\m:\ noor of the build- 
ing in which our office Is lu will be rented for composition roiuiiR, to good tenants, on 
very reasoiiftblc terms . Apply to | May 11.] CARE , l" \"N 4 NEWHOFF. 

HOSIERY DEPARTMENT. 

One Mitring im nortation s belli sr ■ ««« complete. i»*c can oiler sniierlor 
Emfacements to the trade in Ladles', i liildrens' and Mens' Hosierv, Vests, 
Shirts and Drawers. Suspenders, Ties, etc. furnishing Guodn of all kinds, Lisle 
Gloves, Veuve .lunvlu, and other makes of Kid Gloves. 
March SO. MURPHY. GRANT & CO, SnnMnne cof? Hu>h.S.F. 

HOME MUTUAL INSURANCE COMPANY OF CALIFORNIA. 

No. i:t:: California St.. merchants F.xehanue BtnildliiK. Fli-wai <l lia- 
rlne 1 1 1- ura in-.' r ;.:ui. . Capital, (i50,(H.O. ' n i i' i.i;- :■ John H. Itedinirton, 

Presldenl; Geni-e II, I |u» in d, Vlee-l'i'--ideui : i barb- I;. Sh>re. Seerelai-. \ P. 
Kddv. Mariim S.rn'tan. 11.11. IMCkl.oW. i..n,i-il M.nia^.-i. Hii:k> *i uiV - s,n 

Fi-anri-eu-[.,u. II. Mu ward. 1 . J). Athel II. I I'i -i '.■ . .,, i,.-i . \. M,I.iml-:m .l-.hli 

B.Bedingtnii, A. W. Ib.wmaii.c. s. |]..i,b.-. p., M. Ilai i-bume, U. I 

Md.u-.Geu. s..lulmM.n, u. N. Tiiib-n. \\ M. Greenwood. S.L..lune**. Ueo.B.Maun, 

Cyrus "W llsou, W.H. Koster, Jr., .!■>-. t; ; way, ft*. T. Garrati, i . w nieil -.- \ 

P.Hotallng. Oregon Mram-h-P. Wii-riiiiniij:. GoldMuiili, I . V. Grt.v. i !■ 
cleay, C.H.Lewis, Lloyd Bn»oke, J. A, Crawford, i>. M. Fr.-ueii, .1. l.u« mbn ■-. 
Hamilton Boyd. Manager, W. -.n-.-r. Mar\-\ilb-l). K. Kni^iit. Sail 



A. ll.'Wil. 

' n-, Jas. "' 
Wetzln 



■ 



Hot Ins. Jas. Carolan, J. !'. Honghtorj, p. W. Karl, Isaac Lohuan, Jullm- iVetzl 
Julius Wl.'I/I.'M', Manage] , I. Lobinan 



retarj . Stockton Iti aneli- li. n. | 

. ■, 



FIRE AND MARINE INSURANCE-UNION INS. CO. OF S. F. 

The California Uoyrts.-Established in lsiii...> s. 41S and 4l8 Cnll- 
toruin Btree:. Cash capital, $inO,000 Id Gold. Keeed $1,000,000 Coin. Fair 

Hates! Prumpi settl'-imvil uf Lh-m-! ! Solid Seenhrv ! ! Imkki tors— .1. Mora Muss. 

? otis, William E. aarron, .1. G. Kittle, Daniel Mayer, M.J. O'l onnor, w. w. 

M IgUC, M<*BCS Heller, Adam Grant. X. J. J>ana, V/- . ■ ■ i I |,arb'- Krdiler. 

Joseph Seller, W.C.Balaton, [. Lawrence Pool, A, Weill, Joseph Brandensteln, 
Benjamin Brewster, JabeJ! Howes. Sliltou s. Latham, Nicholas Lulling, JohnParrott 
L, Sachs, m. n. svr»<.'v, Mortor Checsman.JamcB Phelan, Gos.Tdachard, Niehoias 
Larco, S. G. Kittle, George C. Hicfcox, George C. Johnson, L. A. Booth, T. E. Lin 
denberger, b. I nnninghnm, Peter Decker, Marysvllie. 

i.i S'f WF TOt'CHARD, President. 

CUAKLE9 P. Hatb s, Secre tary. Gbo. T. Boubn, Surveyor. May ?. 

NEW ENGLAND MUTUAL LIFE INSURANCE CO., OF BOSTON. 

Has transacted Hie hnsinc** of Life In -matee for over n qmcrter 
■ -I a century. Its assets auionnl ver ni\k Million Dollars. The law ol 

MasSHCliUSetU makes all its Polii-ie> mm forfeit able. It is a Purely Mutual Company, 
dividing everj ceni of surplus ai u Policy-holders. This i> the OxLYCompanv 

on the i'aeille't'ua-! i;uvei*ne«l bv Ihe Ma>-*ae1in-el t- Lapse Law. 

WALLACK KVF.KSOX. General Agent. 
April 23.] tf. E. cor. California and Sonsome Bts,, opposite Bank of California. 

REMOVAL AND CHANGE OF AGENCY. 

The imhlie arc lai ileil to tabc OOtioe lltal the .1 Ina In Mir.iiiic fern- 
panv of Hartford, have removed fiom the corner of California and Leldesdorfl 
-' opposite Bide of California Btrect, No, 11 Merchants 1 Exchange Bulld- 

eral Agent 
new loca- 

tlon, by the newly appointed General Agent. Tl M -i-dna has cash asset- of 

^a.nrrj.s.sn, and an experience of Fifty Year- in ihe lire insuraiiee business. 

GEO. C. BOARDMAN, General Agent. 
Wm. Maopok ald, Agent. _ Nov. 21. 

FIRE AND MARINE INSURANCE. 

The Fireman** I'nini Insurance Company, of Kan i*raneJsco. Cnl- 
ifornia. i»r-iini/eii April 'ia. IsCkI. Capital, ^300,000, fully paid In gold coin, 
Fire. Marine, Harbor and Inland Transit Risks, on terms as favorable as any other 
reliable first-class company. Greatest amount taken on one risk, $50,000. Portions 
of risks considered too larg« will be re-insured in responsible companies. Losses 
promptly paid in United States gold coin. I). J. Staples, President; G.T.Lawton. 
vice-President; Charles It. Bond, Secr etary. 

NORTHERN ASSURANCE COMPANY, OF LONDON AND ABERDEEN. 

Subscribed Capital. 81O.OOO.0O0; Accumulated Fund. -*.>.770.000 ; An- 
nual Fire Premium, $1,01.5,0110. Losses Promptly Paid in t\ s. Gold Coin. 

w.L.BOOKEi:. Agent, 

[Jan . IS.] No. 310 California street,Saii Francisco. 

; The Policies of this Company are not only guaranteed by the Capital bnt hy 
the unlimited pers onal respons ibility "t" fully >e\ mi hundred shar ehold ers, 

BROOKLYN LIFE INSURANCE CO. OF NEW YORK. 

TllliiM leading 4'oiiijiaii.v immiich all Liiols of Folieie* on Ihe mnO 

JL favorable term.-. >..i restriction whatever on travel or residence in any part of 
the world. All policies nonforfeitable, and the annual cash-snrrender value written 
upon each. A. J. BRYANT & CO., 

Sept.2S. General Agent- for the Paeitie (/ua-i. 'Jin Montgomery st.,S. F". 

THE STATE INVESTMENT AND INSURANCE COMPANY. 

I lire and Marine No. 400 California street. Opposite Kankof Csil- 
^ ifornia. TYLER CURTIS, President. 
Peter Dun.miik, Vice-President. Jan. 20. . 

BRITISH AND FOREIGN MARINE INSURANCE CO. OF LIVERPOOL. 

1a|ii(al. y.~>.0OO.OOO.— Agents : Ralfonr. t- lit III -ic A Co.. No. 808 Man- 

some street, San Francisco. Nov. 1£. 

COMMERCIAL INSURANCE COMPANY OF CALIFORNIA. 

Olliee in San FrnuciMCO. No. Lt-l t'aliforikia ntrcet. — Fire, .Tlnriiieand 
Inland Navigation RiBks. Capital: I200.COO. C. W. KELLOGG, President. 
H. G. Rotta KR, Secretary. „ June2a ._ 

GOOD CABLE SCREW WIRE 

oids ami NlioeM are selling linin .Maine to t'nliforiiin. 



C 



B 



June B, 



CALIFORNIA JEWELRY COMPANY, 

Levison l!i-os.. \<>. i;; i .Snltcr street. Nan Francisco — Sole .(cents for 
American Watch Comnanv. National "Watch Company, Howard Watch Com- 
Iiauv. GharlesE. Jaeof Watches, Carter. Howkins & Dodd's Fine Jewelry, Meriden 
iritaniiiat <k'> and Lowers Bros. Plated Ware. Importers of Watches, IHamonds, 
Jewelry, Watch Materials and Toot-, optical Goods, .Mannfactuiers of Jewelry, 
Diamond Setters and Lapidaries. March 16. 



CUTTER WHISKY. 



A P. ■totaling: A Co.. \o. lit! Jaekson street, nr^ the Sole Iccnf* 
• on this Coast tor the celebrated J.H. CUTTER WHISKY, shipped "■ 
them from Louisville, Kentucky. The Trade are cautioned against tlie nu 



inped direct to 
tlie purchase of 



inferior and imitation brands of " J. II. Gutter Old Bourbon." Owing to its deserved 

reputation, various unprincipled partier-are endeavoring to palm on' spurious grades. 
It la re ally tlie l'.Es;r \\ bisky in the Unti ed States. _ _ March 19. 

OPERA B0UFFE! AIMEE ! LIBRETTOS! SCORES! 
* 11 the music, imih vocal and instrumental, from the |>rincipnl 

Comic ' iperas, ae given by the Aimce Opera Troupe, at the California Theater, 
t.KAVs Ml "ML sTniit, i ii and i tt Clay st. 



published and lor >ab- 



[July ti.] i-i: 

DIAMONDS ! 



M. Ionian. .leivelei-. importer of lirar.ilian anil African Diamonds. 
a 115 Montgomery street, til. JORDAN respect folly invites the trade and the 
public generally to examine his Due and large stock in Diamonds from the Diamond 
Pielde direct. I'he stones are selected With '.-real care by bis brother in London, ex- 
clusively for the Gal ifornia market, and for nm- quality and low prices he challenges 
co m petition. __ July i;, 

ACADEMIE PARISIENNE. 

VFrcneh Boanlinc and Day School for Viiihl- l.ailies. run- 
ducted by MME.L. r*OESTER, Principal, ou theEuropeunpfan. While French 
will he the language of the school ami household, instruction of the highest order 
will ;il-.i On L'hun in Knwlish ami German. The next term will reopen July 6th. A 

pros] tus, containing lull Information, may in- obtained at the Academte, 912 Sut- 

terstreet, iiea r Lea veil wo rili, San Fnmcisco. June 29. 



I . L. Cractkbon.] 



C. A. MURD0CK & CO.. 



[C. A. Mttbdock, 



A 



rob Printers. Successors to m. o. Carr »V Co.* >"o. 5»*i t'la.i street, 

sun 1' ran., i-i-u, Lai. Feb.S. 

JOHN OSBORNE, 
gent to tlie San Franeiseo •■ Slavs letter." — Otliee at Wells. Fare** 

& Co'p, M ain street . Los Angeles. June 12. 

NYE & ACHES0N, 



Importers of Crystal Chandeliers anil tins Fixtures in every v.-iriel* . 
815 and SI] Pine street. June 8. 

DEC0T0 LAND COMPANY. 

I A. AMiernian,nresident: It. V. Herbert* Secretary s Wm. Harney, 
. Tr.-a-iin-r. I Hrecl ..i -.-I. \, Amennan. Win. Harney. II. 11. Mvrne. J. C. Pennfe, 
F. M. l-reiind. H. lraube, IM rowley, II, V. Herbert, J. u . McKenzie, J. C. Lanjrton 

J. T. Poineroy, Adam Smith, Aaron Meyer. HAUVKV S. BKOWX, AKeilt 

intice- -No.i.vii Montg erj street, Montgomery Block, next to Bulletin Pubiicn- 

tlon Office. Jan. 14. 

WHELPLEY & ST0RER. 

PulvorlSine Mill. Main street, between Howard and Folsoui. for 
cruslilngaud sampling ores. A special department for drugs, chemicals and 
apices. Materials pulverteed to any degree of fitness requited. Office, ai Mill, or 
i " ^ goinery street. June l. 

"GERKE" WINE. 
'IMie IH'ihit for the sale of the Favorite IViues from tlie Celebrated 

1 Hoscinej \ Ineyard, \ ina. 1 ehania County. Is now permanently located at US and 
l-M M.irk.-i •inrM'un,,, ,,| >nih-r,sau Krami-eo. fiEVRY liFRKF 

1,'iu.M'i:- & HA3IL1X, Agents, Nov. li'. 

COMMERCIAL STEAM PRINTING HOUSE 

51 7 



tl:ii street, ami 510. 512 anil 511 i'i 



of every kind 

i ab.B. 



meeeial strtH't. The 

■how work, and printing 



besi aud cheapesl place to gel posters, handbill 

KKangis & VAUiy TIXE, Clay street, 510 to 5M Comme rcial at 
JAMES G 



_. STEELE & CO., 

Chemists and AiKilbecarleo, 531 Mottteomery street, between Fin* 
and Coinmeivial, San Iron -eu. California. Dec. 'J ' 

TABER'S MERCANTILE ALBUM. 

- ' ■ -' ■■"'■■f liinl ailverlisiifmei; 

' ' I--- ■ 

-■ oni« 



/ 






K 



at of h 



Doiivertil Unmeiliatclr on the smvil of 
<hc mail* in New York, Liverpool. London. 
Farts, Hamburg. Frankfort. Berlin, Yoko- 
hama. bhjjvirb.ii. Honckoai, Molboumc. 
Auckland, SfdnrT and If! Midi of the 
Pacific Omul 



Y. 



Price, •ingle copr, 5 cents ; per Wee*. 
23ocnli: per Annum, liiclu.iing Postage 
to any part of the world, TweWe Dol- 
Ian. Printed and Published by Frederick 
Marriott, No- 623 Montgomery Street, 
Fmnciieo, California. 







IHapatched J>ni/i/ hi) the Mails to every Coiiiiiicrrinl ('inter throughout the World. 



Vol. 1. 



SAN FRANCISOO, TUESDAY, JULY 23, 1872. 



No. 2. 



OFFICE or F/x.ixt IAI, POSTSCRIPT, 

San Francisco, 12 M., July ?■!. 1872. 



BULLION, MONEY AND EXCHANCE. 




GOLD BABS, 860 to 70. Silver Bars 1 1-4 Discount Treas- 
ury Notes are selling at 87 1-2 to 87 1-4. Mexican Dollars, 
from 8 to 8 1-3 premium. 

EXCHANGE ON NEW-YORK, 1-2 per cent. prem. for Gold; 
Currency, 13 per cent. On London : Bankers, 49; Commer- 
cial, 49 1-2 ; Paris: 5f- per dollar. Telegrams, 3-4. 

PKICE OF MONEY HEB.F, 1 to 1 1-4 per cent per month- 
Bank rate. In the open market. 1 to 1 1-2 per cent per month. 
The demand is is active. 



LATEST TELEGRAPHIC NEWS. 



Consols, mm 

count. 



XO.YJK^V, JTOr 23. 

for Money; 92*,' for Ac-||Liv'pool WheatMarket,ll9.9d.@12s. 
llUnited Spates 5-20 Bonds, 9l,v 

3TBW roitrc, jrrrxY 23. 



; 11 a. 



. lit 114',';! 



Gold opened at 114*. 

:j r. M. :it 1: I 
Sterling Exchange, 109X@U0tf. 
Flour, dun. 
Pacific Mail, TO*- 
Pork, $13 

Oil, Sperm, quiet, SJ.4fl@$1.45: Win- 

ter Bleached, |1.6«a»!.T8 , NVlmlf, 

qni.-l, T'-J^ 75c. ; Winter Bleached, 

:>;, mi. 



Hide?, dry, 23^(&24)£c; salted, 12^12,V. 
United States Bonds — Five-twemie? of 
1SC2, 115,V; 1*G7, 1153*. 

Whear, _ 

Barley, — 

Quicksilver Mining Company, 42. 

Cotton, quiet, 22r. 

Wool, Spring, fine, 38@45c; Bnrrv, 32<??; 

37c; Pulled, ."xR Ulc; Fall Clips, 30® 

38c. Barry, 25@30c. 



The London Money Market. 
London, July 6, 1872. — A rather better toue has prevailed in the Stock 
and Share Markets this week. A large number of new undertakings 
have been announced, it evidently being the desire of the promoters to 
secure the capital they desire before the new French loan of £130,000,000, 
which will probably be introduced in two or three weeks. The loan will 
most likely be negotiated in this country by Rothschilds and Barings. 
The success of the loan seems beyond all doubt. It has already been 
dealt in largely at 1 1-4 to 1 1-2 premium on the Bourse, in anticipation 
of good terms. It is said that nearly half the entire loan has thus been 
dealt in speculatively. Stocks, 243 to 245; Metropolitan Three-and-a-half 
per Cents., 96 8-4 to 97 1-4. French Reutes in this market, 53 to 53 1-2. 
Certain descriptions of Foreign Bonds have been very flat, chiefly Hon- 
duras, Greek, Costa Rica and Spanish. A new undertaking has been 
formed under the title of the Foreign Government Securities Bank 
(Limited), with a capital of £500,000, in 20,000 shares of £25 each. 

The Erie Railway 

Has appeared in the London market with an application to raise £6,000,- 
000, in £200 seven per cent, bonds secured by a trust and mortgage deed. 
Of this amount £1,289,200 are set apart for a cash subscription, and the 
remainder is devoted to the conversion and extinction of existing 
mortgage debts and of the sterling bonds issued in London. The price 
of issue is ninety-two per cent. The London money journals speak of 
the probable favorable reception of this issue. 

New York, July 15. — The Pacific mortgages continue in steady 

demand for investment, current prices seeming attractive to capitalists. 
Union Pacific first mortgage sold at 90 3-8; Central, 6s at 101 7-8 net; 
and Northern Pacific first mortgage 7-30 gold bonds at 100 and interest 
from July 1 in currency. The agents of the Northern Pacific Railroad 
report that the sales of the first mortgage bonds of the road were £556,- 
150 for the first ten business days of July. 

Calcutta, June 4th. — For Sun Francisco — The Prince Oscar (British 
Iron, 1,292 tons, 1864), has taken for this port 1,200 to 1,500 tons cargo, 
at 512 50, and has the option of touching at Singapore to fill up, should 
any freight be ottering at that port. Gunny Bags — For shipment to San 
Franciseo, we hear of purchase within the range of quotations for light 
weight bags, say £16 8s to £16 12s. 



SALES OF STOCKS THIS DAY. 



SHARES. 

Ophir 415 

Do !» 

Gould & Curry 58 

Savage 848 

Chollar 185 

Do 10 

Hale oiNorcross... 250 

Do. 10 

Do 10 

Trench 200 

Woodville 3750 

Occidental 2o0 

Crown Point 45 

Yellow Jacket 255 

Do 10 

Imperial 1020 

Do 100 

Alpha 235 

Do to 

Empire 865 

Con, G.H.Qj 250 

Kentuck 21 

Belcher 13 

Confidenco 933 

Do. .... 50 1 



LOW. 


high. 


45> 


47XJ 




b30 47 1 


204 


200 


200 


H*X 


118 


122 




D5120 


100 


105 




05 104 


.... b30 107 




If, 


4% 


5 




4 


145 


149 


155 


158 


.... t>30 162 


143, 


' 15X , 


15 


b30 15X 


65 


69 


68 


b30 68X 


17* 17 


6* 7 i 


310 


315 | 


1050 


1055 


13 


18X 


)0 13 


.... l| 



SHARES. 

Justice 300 

Do 120 

Succor 210 

Julia 450 

Cons, Virginia 565 

Sierra Nevada 905 

Daney 190 

Exchequer 220 

Do 30 

Seg, Belcher 150 

Do 10 

Overman 75 

Do .... 10 
Caledonia 115 

Do 90 

Knickerbocker 750 

Do 100 

Arizona and Utah. -350 

Globe 305 

Baltimore 425 

Bowers 110 

SUverHill 665 

Do 100 

Eclipse 850 

Do 50 



LOW. HIGR^ 

16 ' 

16X 030 16J£ 

5M 5X 

6JS 7X 

39 40 

15X 16* 

23 24X 

25 b30 25X 
120 125 
.... 030 126 
95 97 

.... D5 90 
68 
70 b30 72 
9% 10 
.... D30 10 
Vi 
2 3 

2,"i 3 

13 
8 8* 

.... b30 8X 
13X 14 
.... b30 14X 



YESTERDAY AFTERNOON SALES. 



8HARES. 

Alpha 189 

American Flag — 250 

Adam's Hill 30 

Do 50 

Bowery 50 

Belmont 300 

Do 20 

Chief of the Hill.. 35 
Condor 1030 

Do 150 

Do 150 

Confidence 765 

Chapman 100 

Exchequer 10 

Eureka, G. V 100 

Eclipse 495 

Do 30 

Empire 100 

Empire Mill 425 

Do 500 

Eureka Cons 235 

Do 400 

Do 50 

Golden Chariot — 55 

Huhn & Hunt 300 

Imperial 265 



LOW. 


HIGH. 


72 


80 


23 


23lf 


2& 


Vi 




MO 3 




3 




7X 




b30 8 




4X 


4X 


4X 




O30 4}i 




e30 4X 


i?x 


14 




IX 




23X 




16 


14 


14X 




s5 14 




IX 


18X 


19 


19 


330 19X 


22)5 


22~i 


.... 


]30 23 


.... 


310 22X 




8 


2% 


3 


15K 


16 



SHARES 

Do 250 

Ingomar 500 

Do 200 

Independent 100 

Ida Elmore 50 

Do 25 

Jackson 200 

Meadow Valley — 455 

Mammoth 100 

Minnesota 200 

315 

Do 40 

Noonday 200 

0, H. Treasure 150 

Overman 50 

Pioche 540 

Do 220 

Phcenix 520 

Page & Panaca — 150 

Pea Vine 100 

Baymond & Ely ... 85 
Do ... 50 

Do ... 10 

South Chariot 200 

Star Con 50 

Yule Gravel 50 



LOW. HIGH. 

b30 16V 16X 

2 2JC 

.... b30 2X 

IX 

17 
.... D30 18 
75 80 

15JJ 16 

50c 
2X 
21 
b30 21>£ 



2X 



27X 
b30 30 
3X 



10c 
8 

94X 
29X 
30X 

2X 
80c 
145X 147 
. . b30 150 
. . . S3 145 
3* 3X 

IX 



Last 'Week's Commerce. 

Among the leading staples of import at San Francisco during the past 
week, we note 3,500 bags Coffee, 4,900 pkgs Tea, 34,400 bags and 2,500 
kegs Sugar, 600 kegs Bi-Cnrb and Caustic Soda, 300,000 Oranges, 350 bbls 
Whisky, 4,800 kegs Nails, 2,000 bx3 Tin Plate, 1,250 tons Pig Iron and 
4,800 tons Cool. At least 35,000 tons freight have been landed here dar- 
ing the past week by sail alone. The marine arrivals for the week were 
17 vessels, tonnage 12,000 tons. There are now in port disengaged vessels 
aggregating 8,700 tons. The fleet chartered numbers 28 vessels ; 31,500 
tons. 

The Hermes Mining Company have levied an assessment of §1 per 

share, delinquent August 19th. 

In New York, on the 11th inst., Quicksilver closed at 97 to 93c 

gold ; an advance. 



u 



THE DAILY FINANCIAL POSTSCRIPT 



July 23. 



OFFICE OF FINANCIAL FOSTSCKIFT, 

San Francisco, 19 M., July 2&, 1S79. 

» , , ■ ■ — 

State Officers and the Tax Levy. 
At tlie meeting of the 8>an Francisco Board of Equalization od the iStta 
inst., at which the Savings Banks presented their protest against the 
assessment and attempted taxation of their " solvent (mortage) debts," 
the Secretary of the State Board of Equalization was present and took 
ground in opposition to the allowance of the protest. He admitted that 
the system attempted to be enforced is " wrong and unjust. 1 ' He made 
the point tbat the Board had not the power to remit the assessment, 
elaimiDg that it was enjoined by the low and should therefore be sus- 
tained until the law was pronounced unconstitutional by the judicial 
branch of the Government. He suggested that the Us should be col- 
lected and the aggrieved parties sent to the Courts for redress. This po- 
sition is hardly a creditable one to be assumed by the executive officers 
of any Government. It might be supposed that when a given interpre- 
tation of law is conceded to be " wrong and unjust, 1 ' the executive would 
not assume that the legislative branch of the Government had intended 
to impose a wrong or injustice ; therefore it might assume either that the 
interpretation of the law is erroneous or the Legislature had unwittingly 
infringed the rights attempted to be protected by the Constitution. In 
either case the part of wise and beneficent gov rnment would be to clear 
up the doubt at once; to make a test case and procure its final decision 
by the judicial tribunals before proceeding to enforce the wrong and un- 
just law ; not to extort the citizen's money with a strong arm and tell 
hira to " go to law " for redress. 

Reducing the Assessment Roll. 

The Secretary of the State Board made the further point that, while in 
his opinion the local Board of Equalization had not the power to remit 
an assessment, they might "equalize" it down without limit; they 
might, he thought, cut the whole mortgage assessment down to one cent. 
It is our impression that the State Board ol Equalization holds the power 
of veto over any such attempt to merely neutralize the law ; but if it be 
true that the local Board of Equalization has this power, it is difficult to 
imagine a better excuse for its exercise than is a Horded by the attitude 
assumed by the State officers— that the State should exact or extract 
from the citizen all that the law allowed, and then send him to a lawsuit 
for justice. Travelers have characterized Turkish tax collectors as op- 
pressive and extortionate, but it is difficult to imagine a more flagrant 
example of those qualities than is exhibited in the principles avowed by 
one of our own officials. The case of the Savings Banks suggests the 
political reflection that the collection of the tax on mortgages might not 
prove to be an unmixed evil. If all depositors in those banks could see 
the amount of their taxes deducted on their pass-books from the sums at 
their credit, it might have the effect of making many of them more cir- 
cumspect as to the characters of the men they elect to control the public 
moneys. 

The New State Assessment. 

The State Board of Equalization has received returns of assessments 
made in all the counties of the State except seven. The total of property 
reported is $630,000,000; the counties yet to be heard from will bring the 
amount up to about §000,000,000. Of this total, the assessment roll of 
San Francisco city and county furnishes §297,885,342, equal to five- 
elevenths of the whole. From this it will be seen that the new assess- 
ment dos not promise to diminish San Francisco's proportion of the State 
taxes. That the burden of taxation amoug the counties has been more 
equitably adjusted by the new assessment is not doubted. The largest 
advance per cent, in the amount of the assessment roll over the year 
previous, is in SanMateo county, where it is over 500 percent.; Marin 
comes next, with an increase ol nearly 400 per cent.; then Alameda, over 
030 per cent.; Santa Clara, 250 per cent. ; and then Sau Francisco, Contra 
Costa, Merced, Solano and a number of counties with about 200 per cent. 
The subjoined tabular statement showing the amount of the new assess- 
ment for different counties, compared with the amounts previously as- 
sessed, is interesting: 



County 


New Assess't 


Old A&ese't 


County 


New AeswiH 


Old Asstt&t 




$ 89,105,236 


i 12,898,326 


M erccd 


J 7,264,245 


$ 3,202,355 




5.556,422 


2,400,000 




462,295 
8,308,285 




Bnlte 


8,000.1)0" 


2,614,381) 






Calaveras... 


1,510,153 


1.083,506 


Sacramento . . 


29,814,270 




Coii'ra Costa 


7,650,321 


3,234,270 


San Francisco 


2!t7,SS5.242 


110,375.988 


Del Norte. . . 


687,725 


477,577 


San Mateo 


10,141,877 


1,901.955 


El Dorado. . . 


2,402,453 




Santa Clara . . 


30,021,366 


12.124,325 


Fresno 


5,257,161 


3,320,158 Sis 


8,973,268 


2,221,455 


Humboldt .. 


5,034,035 


2,532,'Jll 


Solano 


11.66S.757 


6,098,869 


Inyo 


1,230,521 


630,269 


Stanislaus 


5,875,844 


8,423,808 


Warm 


11,457.61)7 


3,272,087 


Trinity 


710,458 


5911,161 


Mariposa ... 
Mendocino.. 


1,464,807 


1,197,473 




5,612,265 


3.986,505 


5,814,M 


2,814,191 









The San Francisco and Colorado River Railroad- 
The interior papers are impressed by the large subscription made by 
the capitalists of San Francisco to the proposed railroad to be built from 
this port to the Colorado River. Oue of them, in answer to the ques- 
tion of a contemporary, "What does it mean?" says "it means that 
the capitalists have made up their minds, and that they are putting their 
money into tb^ new enterprise, not iu driblets, but in sums ranging from 
§50,000 to §500,000. This looks like the business commencement of a 
great railroad project, and if subscriptions to the San Francisco and Col- 
orado Company flow in as they have done so far, it will not take a mouth 
to raise all the capital required. The character and standing of the sub- 
scribers leaves no doubt as to the genuineness of the project.' 1 

A. B. Stockwell, Esq., President of the Pacific Mail Company and 

of the Panama Railway Company, was at Salt Lake on the 18th inst. 



What City Government Costs. 

The annual report of Monroe Ashbury, City and County Auditor, for the 
fiscal year ending June 30th, 1872, has been completed. The report gives 
figures showing the cost of the City Government the last year. The total 
demands audited amount to 98,063,708 04, against 10,813,799 99 the year 
previous, or an increase of $249,000 65. The cost of the principal 
departments of thy City Government was as follows: Schools (except in- 
terest and sinking fund of school bonds), $004,523. 13; Fire Department, 
|196\1#1 93; Streets, £158,673 09; lighting streets and public buildings, 
$237,38? 5s; interest ($338,463 30) and redemptiou of bonds (£55,461 50) 
aggregate $378,923 SO. 

The receipts into the treasury during the year were $3,003,340 85. The 
principal sources of this revenue were as follows: Taxes, §1,817,399 79; 
licenses, $188,684 03; special fee fund (received from the Recorder, County 
Clerk, Sheriff and other officers), $143,317,58; sale of bonds, $-208,493 75. 

The funded debt of the City and County of San Francisco June 30th, 
1873, was $3,401,000, including $175,000 hospital bonds; of the remain- 
der, $979,000 bears six per cent, per anuum interest, and $2,307,000 bears 
seven per cent. 

■ Articles of incorporation of the Esther Tunnel and Mining Com- 

pany, to operate in Utah Territory, have been filed in the office of the 
Secretary of State; capital, $1,000,000; Trustees— I. Bluxome, Jr., A. D. 
Carpenter, J. S. Rowker, J. Hutchinson and J. F. Nesniith ; place of 
business, San Francisco. Also tiled articles of incorporation of the Cas- 
tine Silver Mining Company, to operate in Lincoln county, Nevada; cap- 
ital, $3,000,000; Trustees— Robert Sherwood, Geo. A. Treadwell, R. H. 
Rogers, Chas. F. Hamilton and C. B. Land; place of business, San Fran- 
cisco. Also, Mendha Silver Mining Company, to operate in the Highland 
District, Lincoln county, Nevada; capital, $5,000,000; Trustees— Thomas 
Bell, C. J. Brenham, O. F. Giiliu, James Findla and Henry Raymond; 
place of business, San Francisco. Also, the Johnson Gold and Silver 
Mining Company, to operate in French Ravine, Sierra county, California; 
capital, $1,000,000; Trustees— Peter Johnson, Peter A. Ryan, Charles O. 
Bunnell, W. T, Bradbury and Nicholas Steincr; place of business, San 
Francisco. 

Breads tuffs in New York on the 11th inst. ruled weak. Oregon 

Flour was extremely dull, and from 10c to 20c lower. California Flour 
could not be sold for cost and charges. Grain was also dull and lower, 
under reduced limits iu England and favorable crop prospects iu the 
Western States. 

The Supervisors of Alameda County have asked the State Board 

of Equalization for an extension of ten days 1 time in which to make full 
returns of the county assessment. The Supervisors of Mendocino have 
asked fur a week's extension ; Placer County, ten days. 

M. J. McDonald, J. J. Hucks, F. M. Freund, Geo. D. Roberts and 

S. W. Lee have been elected Trustees of the Union Consolidated Silver 
Mining Company. J. M. BuOington was coutinued us Secretary, and 
James R. Lee as Superintendent. 

The Masonic Savings and Loan Society has declared dividends of 

10 1-4 and 8 1-4 per cent, per annum ou term and ordinary deposits, for 
the si months ending July 21st, payable on the 1st of August. 

OUR JVM N E S . 

Crown Point. 
Ore extracted week ending July 19, 3,121 tons; 60 per cent, assay of 
same, $107,839 98. 

C hollar~Foto si. 

Ore extracted week 'ending July 20,920 tous; assay value of ore re- 
ceived, $39 40. 

Imperial. 

The ore in the 1,600-foot level on the 20th inst. showed twelve feet 
wide, the cross-cut still iu good face. Assays run high, one-third to one- 
half gold. Everything indicates that the next level will develops large 
body of ore. 

July 20 the Superintendent wrote : "Our cross-cut on the 1, 600-foot 
level is showing twelve feet of tine ore, and still good in the face. Five 
assays made on the 19th go from $28 25 to $153 77. Five assays made on 
the 20tb go from $49 43 to $20iJ 9. 

Fioche. 

The width of pay ore in the first level has diminished to about three 
feet. A dispatch of the 20th iust. reported it improving in quality. The 
winze was down nineteen feet on the 10th inst., and ore trom the bottom 
assayed $370. The quantity of ore worked for the month was 280 tons, 
which is estimated to yield about $47,000. 

A dispatch from the Piocbe mine, dated the 22d inst., states : "The 
ore in the face of the drift has come in three and one-half feet wide, and 
averages 5850." 

Raymond & Ely. 

The mine looks exceedingly well all through, 423-foot particularly. 
Drifts have been driven ninety-five feet in length from No. 2 winze, east 
and west, showing a vein from four to six feet of first-class ore. Slopes 
look well. No. 3 winze, fourth level, 130 feet east from No. 3, six feet 
deep ; four feet very rich ore. The three-day remittance reaches $33,0-1 ; 
thus far in the month, $197,L58, or $11,953 average per day. The history 
of the Raymoi d & Ely mine fur the past eighteen months is summed ui> 
bv the following official figures: Bullion product year 1871,51.310,404 21; 
bullion product six months 1852, $1,877,51(5 35; total, £3,188,089 56; div- 
idends paid, $1,095,000; cash on baud, $200,000; mating a total or $1,895,- 
000, which leaves a balance expended of $1,293,080 50. This expenditure 
includes the purchase of two mills, one of twenty and one of thirty 
stamps, purchase of ground and numerous other permanent investments. 

Bullion shipped on the 21st, $33,216, making a total on July account 
of $280,374. 



.In • 



()!•' TIIK SAN FRANCISCO NEWS LETTER. 



Production of the Alumdon Minos. 
The tattlmou beftira Uio Bap I Ian Ooantj, an the 

iiiBiIni QuIrkftUvcr Compmu tor redaction on 
land*, mlu«», -mil m literal*, shows toe Mlowlog ;■•• tin* prodoet »>f that 

.,.■ lw;i In 1804, t'.'.iv" Dunks, valued at 196 
In IWtt, I7.1W iU~k-. \.iUic.l ;it $7y..M.Y In l«6©\ 35,160 fluke, valued 
»t 1713,500, In 1807, »*,3ttl flasks, valued al i L80a\ 35,t5&) 

.i *m;; QUO. in ttfflO, 16,898 flatka, valued al 9300,000, In 1870, 
14,438 fl .1 1150,000, to 1871, LS.Wa Bosks, si 180,000. 

Mineral Hill Mining Company. 
At o> meetlnjE ol the hUnorsJ Hill UlDlnicCompenj (Limited), Id Loo- 
don lun-' nth, Mr. John Taylor proetdiujr, the Onatrman stated that 

the Investigation originally made by hi- son woe sneu »- t" warraol a full 
belief In the raise ol the property, and that the great and rapid failure 
m the deposits was boyond anything la the experience of bis firm. Be 
commended the Formation >>i a Committee to advise with the 
m as i" their future course, Tbey bad aboal £U,oo*) in hmul euf- 
Oclenl t" pay the July coupon on the debentures, and a Btroug hope 
might >till be entertained Unit, by the use of the diamond drill, new de- 
might be discovered, li was also possible tlial some portions of 
the purchase money might be returned by the vendors, v committee, 
consutine ol Messrs. Spratt, Josephs, ( '"i 1 ". Cox and Horrlce, was then 
appointed. 



OUR R A I L S . 

The Southern Pacific (Texas) Railroad. 
The new management of the Southern (Texas) Paclflc Railroad has in- 
vested one hundred and lifty thousand dollars In saw mills at Apalochi- 
coIb, Florida, to saw oat cross ties for the road. The ties are to be hewn 
from cypress and juniper, ami it i- proposed to subject them to a pre- 
serving prm-ow*, by which it is believed thai they will be re&derd almost 
Indestructible. 

The Los Angeles Railroad Committee. 
A meeting of the Los Angeles County Railroad Committee of Thirty 
d tor Monday next, :ii noon, when the proposition from the Cen- 
tral Pacific will be considered. CoL Hyde is at Los Angeles to explain 
the proposition submitted by Stanford. Messrs. Wilson and Hose, mem- 
bers ol the Committee of Threo, appointed to confer with the Central 
Pacific and other companies la Sun Francisco, returned per Or{flanune and 
will report 00 Mond ay tit the meeting. 

San Francisco and North Pacific Railroad. 
The surveying party of the San Francisco and North Pacific Railroad 
Compauy has departed from Baucblito for the vicinity of San Rafael. A 
party ol local ing engineers is now engaged near this town. Work on the 
North Pacific Coast Branch Railroad to Olema will be commenced next 
Wednesday at White's Hill. The main trunk line it is proposed to deflect 
from San Rafael toward Sun Antonio. It will bL* at one point withiu two 
and a half of the terminus of the road from t'etaluuia to the Hay- 
stack. 

Central Pacific Railroad Report. 

The earnings of the Central Pacific Railroad for June and for the first 
six months of the year compare as follows: 

June. Six Months. 

1870 * 729,274 $3,421,366 

1S71 7!I5,17(> 4,044,882 

1K7U 1,223,140 5,582,483 

The business for June was unusually large, being ^427,U00 in excess of 
the same month last year, while the aggregate for the six months shows 
a gain of $1,548,000 as against the same time last year and §2,145,000 as 
against the same time in 1*70. The movement of new Teas across the 
rail has just been commenced aud will be larger than in previous years. 

The Committee of One Hundred. 

A meeting of the Executive Committee of the One Hundred was held 
yesterday afternoon. The Committee of Municipal Legislation reported 
that the petition to perpetuate the testimony in the case against the mil- 
lion dollar subsidy voted to the Southern Pacific Railroad Company two 
years ago .would be tiled, and the depositions of witnesses would be 
taken. A discussion was held as to the feasibility of immediately organiz- 
ing and incorporating a company to construct this end of the Atlantic 
and Pacific Railroad. The following resolution was finally adopted: 
" That the Chair appoint a committee of live to confer and advise with 
the subscribers to the Atlantic and Pacific Railroad in respect to all mat- 
ters connected with the construction of that road, and to report their 
proceedings to the Executive Committee. Messrs. Tobin, Merrill. Bens- 
ley, Northam and Pickering were appointed as the committee." The 
Secretary was instructed to issue a call for a meeting of the One Hundred 
for Friday next, at 2 o'clock p. m., for the election of a new Executive 
Committee. 

Traveling Americans. 

The Overland Mail of June 28th, says: 1 At no previous time has Lon- 
don been so crammed with Americans as at present. AH the steamers 
from New York come loaded with passengers, aud on every Saturday no 
less than seven steamships Leave that port bound for Liverpool, South- 
ampton, Glasgow and Havre, all filled to their utmost capacity with visi- 
tors to the Old World. Among the more notable American arrivals in 
London during the last few days has been Col. J. P. San ford, a very 
famous traveler. During the last nineteen years lie has done little else 
but travel, and having first made the conquest of the whole of North and 
South America, he has since devoted himself to Europe, Asia and Africa. 
He arrives here now from the East, having spent several mouths in Japan, 
China, Egypt and Palestine; and now, instead of going home, he is pre- 
paring for a longer journey, the second of the kind, through Russia, 
Siberia and Northern China. There is no American, it is believed, who 
has seen so much of the world as this restless gentleman, and he is said 
to look forward with dismay to the day when there will be no country 
left for him to explore. 

California Freights in New York. 

New Yoke, July 13th, 1872. — Freights via the Isthmus have been rather 
inactive, and the steamer of the 15th will hardly have the usual amount 
for San Francisco ; it is said that there arc considerable orders for goods 
to go by this route and the succeeding steamer will have more than the 
average. Overland freights have beeu quite active and the movement is 
free, including 108 bales gunny bags, 50 barrels crackers, 10 bales cotton 
and 413 packages of miscellaneous goods via the Northwest roads: 540 
firkins butter, 439 packages tobacco. 10 bales hops, 200 boxes and 400 
quarter boxes raisins, 10 packages dried fruit, 200 bales jute and HOG pack- 
ages merchandize via. the Rock Island road ; 84 cases canned goods, 3 
pianos, a ear-load of furniture and 2,198 packages general merchandize via 
the Burlington and Qupicy road. 



THE WORLD'S PROGRESS. 

Lighthouaen on the Rio do la Plata. 

Count Alberi tie ii.i-. ii.. arranged !bi the construct i two light 

houses on the iti" do la Plato, with lighting apparatus of the tit I 

of Presnel, which will cover the Enrihli Hank and the breaker! in North 

and South Channel front the tsle Of LODOS and Cape Snint Harto. The 

Governments of the argentine Republic and Druguay have approvedTa 

■ ■I i' i ii'- Das for the i lenl ol a general system ol 

lighting the Ma da la I'httn, which will be carried out as rapidly" as prac- 

i 

Australian Railways. 
The Queensland Railway * lommlsslon bos adopted a report drawn up 
by Us Chairman, J. Scott, M. L. A. The report recommends that the 
railway between Brisbane and [pswlch should be Immediately constructed, 
and that a cheap line be carried out from Rockhampton to Expedition 
Bay. opinion in Western Australia appears bo be hi favor of a loon for 
public works. Rich minerals in the north, large forests in the south and 
good agricultural lands in the central parts of the settled portions of the 
Colony cannot bo worked to advantage without greater facilities of com- 
munication, sach as would be afforded by the construction of jetties, rail- 
ways and other useful works. The Northeastern Railway of Victoria i* 
now open for traffic as far as Seymour. For solidity and steadiness ibis 
line is not excelled by any other railway in Australia, while the cunt of 
the permanent way has not exceeded £7,500 per mile. 

Progress In Canada. 

The Canadian-Pacific Railway surveying party, operating cast of Fort 

Garry, have found a small but very deep lake directly across the line, 

which will compel them to go baek some distance and take a different 

bearing. In consequence of this delay the party are not expected to 

complete the survey to Fort Garry until late next summer. All the 

stock has been taken up of a company recently organized under toC 
Presidency of Sir Hugh Allan for the establishment of a line of screw 
steamers to be used for seal and salmon fishing purposes on the north 
shore of the St. Lawrence. 

The German Navy. 
According to a report presented to the German Reichstag, it appears 
that in order to complete the establishment of the German Navy by 1877, 
a gross sum of $35,018,910 will be required in addition to an annual ap- 
propriation of $0,400,000— we employ the American monetary standard 
for the nonce— already voted. The strength of the German Navy, as 
fixed in 1S07, was to consist of sixteen ironclad frigates, twenty sloops of 
war and eight dispatch boats. 

Another Great American Bridge. 

A bridge on the Newport and Cincinnati Railroad, tt,800 feet in length 
and 103 feet above the water, has been built under the direction of Mr. J. 
H. Liuville, Chief Engineer of the line. Il has been tested with tlvc 
heavy engines and tenders coupled together. The channel span, 420 feet 
long (the longest railroad span in the United States), deflected one- 
sixteenth inch. 

North Carolina Gold. 

A lump of pure gold weighing a half pound was recently found by a 
negro woman on the plantation "of Mr. Hugh C. Nisbet, in Union county, 
North Carolina. The woman was hoeing cotton and knocked the lump 
over with her hoc. 

Australian Telegraphy. 

The report of the British Australian Telegraph Company (Limited), to 
be submitted to the meeting of July 2d, refers to the vital importance of 
an alternative line from Port Darwin, and recommends the submersion 
of a cable to the existing Queensland lines on the Gulf of Carpentaria. 
It is accordingly proposed to issue £320,000 preference stock, with inter- 
terest at the rate of per cent, per annum, to be paid by the Telegraph 
Construction and Maintenance Company (Limited), the contractors for 
the new cable. The Queensland Government have asked the Legislature 
for authority to guarantee interest on the cost of a second cable from 
Batavia to Queensland. 

The Directors of the New Zealand Loan and Mercantile Agency Com- 
pany (Limited) have announced an interim dividend at the rate of 10 per 
cent, per annum for six months on the old shares and for three months 
on the new shares. 



The Empire Mill and Mining Compauy has now 50,000 shares since 

the last meeting. 



C. 3P. R. ~R. 



Commencing Monday, July 22d, 1872, and until further notice, Trains 

and Boats will leave San Francisco 

*7 Of) A ' M ' Overland" "Express Train for Sacramento, Marysville, Red Bluff, 



3.00 



Colfax, Reno, Oydcnund Omaha. 

P. M. San Jose Passenger Train, stopping at all Way Stations. 



4- 00 P * M " *P aesen § er Train for Stockton, Merced and Sacramento. 



B SO P,M - 0verland Emigrant Train— Through Freight and Accommodation. 
7 ^iA A - M * Steamer New World (from Broadway Wharf), connecting at Vnl- 



lejo with Trains of California Pacific Railroad. 



a ru\ p. M. *S;icramento Steamer (from Broadway Wharf), connecting at Vol 

2.00 ^ 



ejo witll Trains of California Pacific Railroad. 
P. M. *Steamer Antelope (from Broadway Wharf), connecting at Donahue 



nth Trains of S. F. & N. Pacific Railroad. 



Q flA A.M. Excursion Boat (Sundays only) from Broadway Wharf, connecting 
O.UU W ith Special Train of S. F. & N. P. R. R. tor Clovevdale and intermediate 

points, returning to San Francisco by 7:00 P.M. 

OAKLAND BRANCH-LEAVE San Francisco, 7:00, 8:10, 0:20, 10:10 and 11:20 
a.m., 12:10, 1:50, 3:00, 4:00, 5:15, 6:80, 8:15, 0:20 and *11:30 P.M. (9:21), ll:20_onrl 3:00 
to Oakland 
4:55, 0:10, '. 
11:10 a.m., 12:00, 1:40,2:50, 



only Leave Brooklyn. *5:30, 0:40, 7:50, 0:00 and 11:00 A.M., 1:30, 2:40, 
755 and 10:10 p.m. Leave Oakland, *5:40, 6:50, 8:00, 9:10, 10:00 and 
1:50, 5:05, 6:20, S:05 a nd 10:20 T.TS. 



ALAMEDA BRANCH— Leave San Francisco, 7:20, 0:00 and 11:15 a.m., 1:30, 
4:00, 5:30 and 7:00 p.m. (7:20, 11:15 and 5:30 to Fruit Vale only. 
Leave Haywards, «3:45, 7:00 and 10:45 a.m., and 3:30 p.m. 
Leave Fruit Vale, *4:40, 7:35, 9:00 and 11:20 a.m.. 1:30. 4:05 and 5:30 p.m. 
'Except Sundays. A. N. TOWNE, General Superintendent. 
T. H. Goodman, General Passenger and Ticket Agent. Ma y 18. 

JOHN OSBORNE, 

A-inl I n Hi*' San FrmiciMfl " Kewa tetter."— Office at Weill*. F -irKO 
& Co's, Main street, Los Angeles. d une "■ 



THE DAILY FINANCIAL POSTSCRIPT. July 23. 



LONDON AND SAN FRANCISCO BANK 

IiIMITED. 

Incorporated under the Joint Stoch Comjianies Acts of 1802 of Great Britain, with which has been 

consolidated the business of 

PARROTT <fc OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 



Capital --- = ___ 85,000,000 

Of which §3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

SA.IN' JFRjVIVCISOO OFFICE, 433 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 



DIRECTORS: 

Frederick Rodewald, Esq., Chairman ; H. L. Biscuoffsheira, Esq. (Messrs. Bischoffsheim & Goldschmidt) ; J. F. Flemmieh, Esq. (Messrs. F. Huth 

&Co.); E. H. Green, Esq. (Messrs. Russell and Stnrgis, of Manila); Julius May, Esq. (of San Francisco), Frankfort-on-the-Main; 

J. 8. Morgan, Esq. (Messrs. J. S. Morgan & Co.); Baron H. de Stern (Messrs. Stern Brothers); Rudolph 

Sulzbach, Esq. (Messrs. Sulzbaeh Brothers), Frankfort-on-the-Main. 

Manager in London : - - - R. D. PEEBLES, Esq. 

Secietasfs ■ 1 ABIES K. SlREEUffie 

Maaage^ ia.Saa ftaaeiseo, M 13LTQ31 S, £11111. 

Assistant Manager (San Francisco), CAMILO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, - - -.-- - - _-_- ALFRED BANNISTER. 



The Bank in prepared to transact all kinds of General Banking and Exchange Business, m London and San Francisco, and between said Cities and all parts of the 
world. The San Francisco Office is authorized t> draw Bills of Exchange or issue Letters of Credit upon either of the under-named Founders and Proprietors of the 
Bank, or (at the option of the buyer) upon the following Houses, with whom the Bank has established credits, \\?. : LONDON— The London Joint Stock Bank, No. 5 
Princess Street ; Messrs. Bischoffsheim, Goldschmidt & Co.; Messrs. Fruhlinsr & Goscben ; Messrs. Frederick Huth & Co.; Messrs. J. S. Morgan & Co. (snecessors to 
Messrs. George Peabody & Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Drexel, Morgan & Co., 58 Exchange Place. BOSTON— Third National Bank. 
PHILADELPHIA— Messrs. Drexel & Co. PARIS— Drexel & Co.; Bischoffsheim. Goldschmidt & Co.; Messrs. A. J. StenT& Co. FRANKFORT-ON-THE-MAIN— Mr. 
Gebruder Snlzhnch ; A. J. Stern & Co. GERMANY— Bank of Saxc Meiningen. AMSTERDAM— Bunqiic de Credit and Depot des Pays Bas. ANTWERP— Nottebohn 
Brothers; F. R. Bischoffsheim. HAMBURG— John Bercnbcrg, Gossler &' Co. BERLIN— Deutsche Bank Action Gesellschaft. GENOA— DappleB & Co. NAPLES 
and FLORENCE— Anglo-Italian Bank. VALPARAISO and LIMA— Fred. Hnth, Griming & Co. MANILA— Russell & Sturgis. CHINA and JAPAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bulk of Australia; Bank of New South Wales. IRELAND— Provincial Bank of Ireland, 
and all its branches, viz : Dublin, Cork, Limerick, Clonmcl, Londonderry, Sligo, Wexford, Belfast, Walerford, Galway, Armagh, Athlone, Coleraine, Kilkenny, Balliua, 
Tralee, Youghat. Enniskillen, Monaghan, Banhridge T Ballymena, Parsonstown, Cavan, Oraagh, Dunaannon, Bandon, Ennis, Ballyshannon, Strabane, Dungarvan, Mal- 
low, Cootehill, Kilrnsh, Skibbereen, Ennischortby, Fermoy, Newry, Drogheda, Nenagh, Templemore^ Carrick-on-Suir, Carrick-on -Shannon, Clogheen, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID TO SELLING ALIFORM A SECURITIES IN EUROPE. 

Collections, Purchases of Real Estate and Mining Shares, and Investments of all kinds in California. 

MILTON S. LATHAM, Manager. 

the: bank of California. 

S.A.2S- FRANCISCO. 



Capital, - - - - $5,000,000 

Dc 0, If ILLS* Presides! W . G° EULLSTOtf , Casluer. 

In New York, Messrs. Lees and Waller; in Boston, Trcuiont 
National Bank; in London, Oriental Bank Corporation. 

%^° The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
of the Pacific Coast. 



if Credit Ij$gu@ftj> 



Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan-and Australia, 

.Exchange fcr Sale on all the Atlantic Cities. 

t>:rasw direct <xrv 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frankfort T on-the-Maia, Auckland-, Melbourne, Yokohama-, 

Shanghai, Hongkong, Sydney, etc. 

BEN. H<>L:L^I>^Y, President, 

San Fraucisco. 

WM. NOEEIS, Vice-President, San Francisco ; HOLLADAY & BEEMHAM, General Agents, San Francisco. 

Dispatch Steamers to the tollo-wing 1 places : 

Northern Route: 

Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

Southern Route: 

Santa Cruz, Monterey, San Simeon! San Louis Obispo, Santa Barbara, Los Angeles, Anaheim, San Diego, Etc., Etc. 

Mexican Rout e , Steamer every F orty Days 8 

Cape St. Luciis, Mazatlan, Sail Bias, Guiiymns. and La Paz. 



OFFICE : 217 Sansome Street, San Francisco. 



Price tingle* copy, Soonti; per Wook, 
23 cents ; per Annum, Including Poilago 
to any part of thu world. Twelve Dol- 
lar*. Printed and Published bv Frederick 
Marriott. No. 623 Montgomery Strait, 
Sin Francisco, California. 
















[ Established July 20, 1856. ] 


















JHs/ii 


tell til 


Haiti/ by 


the 


Mails 


to 


eWTff Monetary anil 


Commercial Center 


tl, 


ron n ho at 


the 


II 


arid. 




Vol. 1. 








SAN 


FRANCISCO, WEDNESDAY, 


JULY 


24, 


1872. 










No. 


3. 



OFFICE or FINANCIAL POSTSCRI I'T, 

Sau Francisco, l'l M., •Julii :?■!, 1872. 



BULLION, MONEY AND EXCHANCE. 

a OLD BARS, 860 to 70. Silver Bars 1 1-4 Discount Treasury Notes 
are selling at 87 1-4 to 87 3-4. Mexican Dollars, from 8 to 8 1-2 
premium. 

EXCHANGE ON N. YOBK, 1-2 Currency, 13 1-2 per cent. prem. for Gold; 
per cent. On London : Bankers, 49; Commercial, 49 1-2 ; I'aris: 5f. 
per dollar. Telegrams, 3-4. 

PRICE or MONEY HERE. 1 to 1 1-4 per cent, per month— Bank rate. 
In the open market, 1 to 1 1-2 per cent, per month. The demand is is 
activ e. 

LATEST TELECRAPHIC NEWS. 

LONDON, .JVI.Y 24. 

'.!■}.! for Ac-||Liv'poolWheatMarket,lls.0d.®12s. 
1 1 United States 5-20 Bonds, 91«. 



Consols, !r«„ lor Money; 
count. 



Gold opened at 11 1.\ ; 11 a. m. at 114';; 

S p. v. at 111- - 
Sterling Exchange, 109';<5illO,Y. 
Flour, clnll. 
Pacific Mail, ~<\- 
Pork, *i:i'."i-! „ „ _,, 

Oil Sperm, quiet, fl .400*1.45; Win, 

ter Bleached, il.«aa*1.7B ; Whale. 

quiet, 706J.71C. ; Winter Bleached, 




NEW TOBK, .TULY 24. 



Hides, quiet, 23V@24,' t rc: Ffilted,12®12>.f 
United states Bonds — Five-twenties of 

1862,115?,'; 1887,115*;. 
Wheat, — 
Barley, — 

Quicksilver Mining Company, 42,^. 
Cotton, quiet, 22cy. 
Wool. Spring, line. 38<Si45c; Bnrry, 30® 

35c.; Polled, 50<!> line.; Pall Clinfi, 32® 

37c. Burry, 20®25c. 



The Internal Revenue. 

The Internal Revenue, receipts for the fiscal year ending June 30, 1872, 
amount to $181,307,314 15 against, for the year previous, $144,967,423 48. 
Comparing the receipts by months, the significance of the. exhibit is that 
the receipts of the last six months of 1872 show a flattering increase over 
the same months in 1871, although the hasis of taxation has been very 
largely reduced by the act of July 14, 1870 : 
Months 1871. 1872. 

January 9,418,98188 11,043,680 21 

Pebraarv .". 8,888,871 7G 9,727,81)9(11 

March " 9,979,124 65 10.084.09180 

Anr i|'" 0,338,492 22 10,190,175 20 

C.„ v 11,008,940 94 11,003,712 45 

June!!".'!...'. 13,222,060 46 13,097,089 64 

London, Jane 28, 1872. — The Bank rate of discount is unaltered ; Con- 
sols stand at 92 3-8 to 112 1-3 ; six months' India and China bank bills are 
quoted at 3 1-8 to 3 1-4, and private bills at 3 1-2 per cent. The Under- 
writers have issued their report upon the Bill of Lading question. The 
Trans-Pacific Steam Navigation Company has been reorganized as the 
"China Trans-Pacific Steamship Company," the capital being reduced 
to £500,000. The introduction of a new French loan is expected. The 
Australian Telegraph Company have issued their report; communication 
by the Company's line between Java and Australia is interrupted. The 
Manchester market continues inactive; 8 1-4 lbs. Eagle Chop Shirtings 
stand at 10s. Bd. Cotton Tarns, 10-24, 14 l-4d. to 153.; 28-32, 15 l-3d to 
17d. Bar Silver is quoted 60 l-10d.; Mexican dollars, old coinage, 62 l-4d.; 
new coinage, 59 3-4d. 

Boston, July 13th.— There has been more doing in California Wool, 
and we look for large sales of this description the coming week. Prices 
of good Spring clip have settled down to 45 a 50c per lb, and at these fig- 
ures manufacturers are more willing to operate. Choice and fancy clips 
are held higher, but Spriug California, to command over 50c per lb, must 
be very light and in superior condition. The arrivals have been large, 
and our market is now well stocked with the d.fferent grades of Spring 
California. The transactions include 2,500 lbs choice Spring, at 55c; 
75,000 lbs Spriug, at 35 a 48c ; 27,000 lbs old Spring, on private terms ; 
0,000 lbs handsome Fall, at 45c ; 3,000 lbs Fall, at 36c ; 22,000 Fall, at 28 a 
35 l-2c ; and 4,000 lbs sorts, at 22 l-2c per lb. California and Oregon 
Flonr are quoted at S9 50 a ?10 50 per bbl, as to quality, and very little 
doing. 

No quotation of Wheat in Liverpool has been received to-day. 

Yesterday's price is lis 9d a 13s. 



YESTERDAY AFTERNOON SALES 

At the San Francisco Stock and Exchange Board. 



SIlAnES. 

American Flag — 425 

Do 50 

Adam's Hill 145 

Belmont 175 

Bowery 50 

Ohiefof the Hill.. 450 

Chapman 300 

Condor 605 

Crown Point 150 

Excelsior 50 

Eureka, G. V 25 

Eureka Cons 835 

Do 150 

Eclipse ! 8S0 

Golden Chariot — 95 

Hale & Norcross.... 195 

Do ... 10 

Hutu & Hunt 500 

Ida Elmore 380 

Do 150 

Do 200 

Independent 110 



LOW. 


nmu. 




22 


22* 
b30 23 


1 
1 


2 7 -i 


3 


1 


7X 


1 




8 






4* 




1 


IX 


1 


4% 5 




145 


147 
15 
16 


( 


22 


22>i 


1 


23 


1)30 m» 




14 


14* 




12 


13 


1 


100 


104 
b5 103 


] 


m 


22? 


f 


17 


18Af 
b80 19 
880 18X 


£ 


ljj 


2 





SHARES. 

Ingomar 1150 

Mammoth 75 

Meadow Valley — 275 

Mahogany 240 

Do 270 

Do 200 

Mocking Bird 200 

Mt. Jefferson 000 

Noonday 800 

0, H. Treasure 00 

Ophir 225 

Pioche 685 

Do 10 

Do 100 

Phomix 650 

Eaymoad & Ely ■ . ■ 85 
Do ... 50 

90 

Do 65 

Sonth Chariot 450 

■Wash'ton & Creole.255 



LOW. HIGH. 

2* 
60c 
16 16« 
MX 22 
.... 030 21 
.... 890 19 
8 
.... 030 1 
15c 20c 
6X 7* 
45 46 
33 38.* 
.... 1)28 34 
.... b30 34X 

145 146 
... b30 148 
175 181 
.... t-80 182>f 
3X SSf 
5 5}j- 



AT THE CALIFORNIA STOCK EXCHANGE BOARD. 



Alpha 10 

AdamsHill 25 

Do 100 

Baltimore 50 

Chollar 10 

Do 10 

Crown Point 60 

Eclipse 10 

Condor 50 

Exchequer 5 

Hale & Norcross. . . 5 

Independent 30 

Do 200 



SHARES. LOW. HIGH. 

b3 70 

2X 
b30 3 



119 
08 119 
D3 149 
13 
blO 4Ji 
24 X 
104 
l'X 
b3 ix 



Huhn& Hnnt 300 

Meadow Valley — 35 

Globe 00 

Ophir 10 

Orient 200 

Pioche 130 

Sterling 50 

Revenue Con 075 

Siena Nevada 80 

Do 50 

Succor 50 

Union Con 10 

Woodville 600 



SHARES. LOW. HIGH. 

b3 3X 

16 
2X 

47 
2X 

80 
1 
5 

16# 
b3 17 
5.V 
2% 
6 



SALES OF STOCKS THIS DAY. 



Ophir 325 

Gould & Curry.... 86 

Do 15 

Savage 1° 5 

Do 80 

Chollar 185 

Do, 3° 

Do 5 

Hale & Norcross... 294 

Do 30 

Crown Point 256 

Do 20 

Do 10 

Yellow Jacket 220 

Do 10 

Imperial 1135 

Do. . 
Alpha — 



.100 



Do. 



Do 
Do 



30 

920 

500 

100 

Cons. G. H. Quaita.130 
Do, . 50 

Kentuck 3 

Belcher 6 

Confidence 275 

Cons, Virginia 320 

Sierra Nevada 110 

Do 60 



LOW. HIGH. 
46X 47-SJ 
210 212& 
.... D5 211 
195 205 
205 b30 210 
110 114 
.... M0114 
.... D801.4 
103 107# 

b30 105 

147 150 
.... b3 150 
.... h80154 
150 158 
.... b5 158 

14X 15X 
.... blO Htf 
63 64 

63 b5 63 
15X 16 
blO 16 
D30 16 
IX IX 
blO VA 
305 
1050 
12 
42 
16% 
b30 17« 



SHARES. 

Exchequer 175 

Seg, Belcher 226 

Bacon 40 

Bowers 20 

Baltimore 10 

Central 30 

Silver Hill 110 

Trench 115 

Eclipse 665 

Dardanelles 10 

Woodvffle 1550 

Central No. 2 100 

Overman 175 

Do 40 

Do 25 

Justice 125 

Succor 370 

Buckeye 10 

Julia 70 

Caledonia 510 

Do 120 

Knickerbocker — 1140 

Do 215 b 

Do 50 

Do 50 

Arizona and Utah. .400 
Do. .200 

Globe 340 . 

Baltimore 250 



LOW. HIGH. 

20 21 

110 119 



ISX 
1% 
»X 
%X 

15« 

14 
5 
5).' 



SX 
15 
13X 



b30 100 
b5 98 



15X 
5 



16 
5X 
3* 
7 
69 70 

71 b30 72 
9X 10 
10X 10K 
. . b-5 10 
. . b3 10 

2JK 

. . b30 2% 

i'A 



— The French Savings Bank has declared a dividend of 9 per cent, per annum 
lor the six months ending June 30, payable immediately. 



THE DAILY FINANCIAL POSTSCRIPT 



July 24. 



OFFICE OF FINANCIAL POSTSCRIPT, 

San Francisco, 12 M., July 24, 1872. 

City Subscriptions to Public Works. 

Jn connection with the agitation of projects for the construction of 
further railroad connections with the East, the policy of a subscription 
by the city of San Francisco to the'capital stock of a railroad company 
lias been freely advocated. It is generally eouceded that the city will 
find its advantage in extending liberal aid to secure a second trans-con- 
tinental railroad. It can be shown by facts and figures, based upon the 
experience of other cities, that San Francisco can afford to extend such 
aid eveu to the largest amount that has been suggested. But after some 
810,000,000 shall have been given, as proposed, the limit of the city's 
ability in that direction will have been reached. If any mistake shall be 
made, it will be too late to rectify it. It is therefore of the first impor- 
tance that the city's assistance shall be given not only to the right organi- 
zation, butshall be given "in the right way. The question whether or not 
subscription to capital stock be the right way, ought to be considered. 
A strong light is thrown upon this question by the experience of other 
communities. The States of New Tork, New Jersey, Pennsylvania and 
Virginia, and the cities of Philadelphia and Baltimore have voted large 
subscriptions to public works, and their experience has been uniforu in 
one respect. For years the New York canals have debauched the politics 
of that State, and have been the cause of corruption in the State coun- 
cils. The last report of the Canal Commissioners shows four branch 
canals which were operated at an outlay to the State last year of §284,000. 
Iu private hands they would have been closed long ago. Official connec- 
tion with the New York canals is sought as a means of plunder, and 
awarded as a reward for unscrupulous political service. Pennsylvania 
was nearly bankrupted and its politics thoroughly corrupted by attempt- 
ing to run canals. The State only saved itself from finaucial ruin by dis- 
posing of its canals to private corporations, who now run them with 
profits Virginia ran up a public debt of §30,000,000 in aid of internal 
improvements. Her interests have been a source of continual expense. 
The last two Legislatures provided for selling them all off; they realized 
about a tithe of their cost ; and now, under private management, are be- 
ing repaired and renewed, and will hereafter be operated at a profit. The 
city of Philadelphia was the largest subscriber to the Pennsylvania Rail- 
road, which has controlled and still controls State, county and city pol- 
itics, and treats Philadelphia as a '* way station," ignoring her interests 
except as they may be identical with its own, and the city is powerless 
for self help. The city'of Baltimore was the principal owner of the stock 
of the Baltimore and Ohio Railroad, and that great work was used to 
maintain the sway of the "Plug-uglies" in the city government, the 
brutality of whose reign was once notorious throughout the United States. 
The control of this road was got away from the politicians through an 
additional issue of stock which was taken by the private owners, and it 
is related that on the day the new President took possession he struck 
the names of 1,600 bruisers and political "boys" off the Baltimore pay- 
roll alone. There were hundreds more in each eouuty through which 
the road ran. These are the results which have been found in practice to 
follow the ownership of public works by municipal corporations, and it 
is significant that they have never failed to follow. The public aid is 
first obtained on the ground that the improvement is to be operated in 
the public interest. As soon as politicians get control of the city gov- 
ernment, they construe the public interest to mean their own, and quar- 
ter their "workers" literally by hundreds on the public works. These 
then become a powerful instrument in perpetuating the power of this 
class of men. Has San Francisco any reason to believe that she will be 
able to avert a repetition of the experience of other cities iu this respect? 
It is only two years since the " Ring " which governed this city for years 
was dislodged from power. How much longer would it have required to 
break them down had they been operating nine hundred miles of rail- 
road, with a thousand or two thousand of their creatures drawing their 
monthly pay from the railroad pay-roll and keeping their city wards 
" sound ? " This, it must be remembered, is not an imaginative sketch, 
but is what in New York, Pennsylvania and Maryland was actually expe- 
rienced, and is still experienced in the only State which has maintained 
the system — New York. 

We have iudieated but a small part of the evils which were found to 
flow from the public ownership of internal improvements. How the 
stocks were foot-balled to serve the turn of influential politicians, how 
the service of the roads was as inefficiently performed as it was costly, 
bow they were a burden to the community and almost a public nuisance 
instead of a benefit, remains uutold. But it is at least plain that before 
the city of San Francisco shall resolve to become a shareholder iu any 
public work the dangers to be encountered ought to be maturely consid- 
ered. There is more than one other way in whieh the public aid can be 
extended to public enterprise, and all methods ought to be fairly can- 
vassed. 

The shares of the Suez Canal Company are going up at Paris. TJic 

amount paid up upon them is £30, and their present price is from £10 to 
£17. Certainly the aspect of the company's affairs has experienced a 
wonderful change for the better during the last twelve months. Not only 
are more ships passing through the Canal, but the company has also ad- 
vanced—or at any rate u revised" — its rates, while the working expenses 
are beiug kept as low as possible. 

The Hi hernia Savings and Loan Society have declared a dividend 

on all deposits at the rate of eight per cent, pur .annum, for the lialf year 
endiug the 2lst inst., and payable immediately. 



China Trans-PaciSc Steamship Company. 

The Trans-Pacific Steam Navigation Company, which was established 
in London with a capital of £750,000 for the purpose of running a line of 
steamers between the ports of China and Japan, and to a port on the 
Pacific connecting with the American system of railways, has been re- 
constituted and registered as the "China Trans-Pacific Steamship Com- 
pany," with a capital of £500,000, in shares of £25 each, the following 
being the first subscribers: Edward Henry Green, 22 Old Broad street, 
banker, 400 shares ; Edward Muster de Bussche, The Lawn, Ryde, Isle of 
Wight, steamship owner, 200 shares ; William Wetmore Cryder, 80 (ires- 
ham House, merchant, 200 shares ; John Hudson, 5 Crosby Square, mer- 
chant, 200 shares; Paul S. Forbes, 80 Gresham House, merchant, 10 
shares; William John Alt, Woburn Park, Wey bridge, Surrey, merchant, 
240 shares; William Endicott, 28 Savile row, merchant, 10 shares. The 
Board of Directors is not to exceed fifteen, and their remuneration is to 
be a sum equal to one per ceut. ou paid-up capital not exceeding £10,000 
per annum. 

Half- Yearly Commercial Review. 

The imports of leading staples at San Francisco for the six months 
ending June 30th, show a marked increase over the corresponding period 
in previous years. There is no unusual accumulation of stocks. Follow- 
ing are the figures for important articles : 

Coffees. — Imports for 1S72 to June 80th, 8,312,000 lbs; for the same 
term last year, 7,59(3,151 lbs. The average import for the same term of 
the four years previous was 5,303,000 lbs. During the first six months of 
the present year 800,000 lbs have been forwarded to St. Louis by railroad. 

Rice. — Imports for 1872 to June 30th, 22,758,134 lbs; for the same 
term last year, 20,130,729 lbs; and more than for the entire year of 1870. 
The average import for the first half of each of the four years previous 
was 12,290,000 lbs. There is now a heavy accumulation iu stock, aud 
large supplies still to come forward. 

Sogabs.— Imports of Raws for 1872 to June 30th, 38,969,706 lbs; forthe 
corresponding term last year, 28,890,000 lbs. For the first half of each of 
the four years previous the average import was 22,020.000 lbs. Three 
refineries are now in operation and a fourth will be started in a few 
weeks. The demand for the refined product is good and business satis- 
factory to refiners. 

Teas. — Imports to June 30, 1872, 1,133,540 lbs; same term last year, 
1,846,000 lbs ; average for same term of four years previous, 900,000 lbs. 
These are exclusive of the consignments received in transit for inland and 
Atlantic points. The General Freight Agent of the Central Pacific Rail- 
road reports the shipment East during the past six months at 3,802,000 
lbs; for the corresponding term of 1871, 2,638,000 lbs. 

Coal. — Imports to June 30, 1872, 07,303 tons; for the same term of 
1871, 54,381 tons. 

Iron.— Pig — The import for the first half of this year was only 1,035 
tons; for the same term last year, 850 tons. The market had been over- 
stocked for several years. In the Bret half of 1870 the import was 
4,700 tons. Stocks having been reduced last year, supplies are again 
coming forward, and we have already received since the 1st instant more 
than was imported in the previous six months. 

Nails.— Imports for six months of 1872, 100,593 kegs; for correspoud- 
ing term of 1871, 32,552 kegs. 

Petroleum. — Refined— Imports for six months of 1872, 134,770 cases; 
for same term of 1871, 47,918 cases. 

Tobacco.— Imports for six mouths of 1872, 22,087 pkgs ; for same term 
of 1871, 15,987 pkgs. 



OUR JVM N E S . 

Chinamen as Miners. 
A considerable number of Chinamen are worked in the mines near 
Ogden. The Reese River MeveUle says : " The supply of white miners is 
not in proportion to the wants of this country. There are numbers of 
white men who want to be considered miners, but who really have no 
right to be called so. Nevartheless, they want as high wages as the best 
We cannot blame an employer for preferring a Chinaman at $40 per 
month to one of this class at §4 per day. The greatest inducement in 
such places as Morey to employ Chinese miners is the unreliability of the 
class of white men who generally hire to go there. With Chinamen, the 
employer makes his contract w.ih a head man, employs a. white overseer 
aud has uo further trouble. lie can rely on what he has." 

Baltimore American. 

It is proposed to consolidate the Baltimore and the Baltimore American, 
with other claims, under the name of the Baltimore Consolidated Mining 
Company. Upon payment of §24,000 by the Baltimore American stock- 
holders, an issue will be made to them of 24,000 shares of the stock of the 
consolidated companies. The assessment of §1 per share recently levied 
by the Baltimore American Company is for that objecL, 

Sntro Tunnel. 

The Sutro Tunnel on the 20th inst. was in a distance of 2,967 feet, an 
advance of 10 feet having been made during the past week. The tunnel 
has been eularged at its mouth for a distance of 240 feet, 40 feet advance 
having been made during last week. Shaft No. 1 is down 305 feet; No. 2, 
572 feet; No. 3, 318 feet; No. 4, 327 feet. Each shaft was lowered from 
10 to 15 feet during the past week. Four hoisting engines hnvd been 
completed in San Francisco for the Sutro Tunnel Company. They will 
be set up at the several shafts whieh are now being sunk along the line 
of the tunnel. When these shafts shall have reached the level of the 
tunnel the workmen will begin running both ways from each shaft. T 1 e 
will also be a good-deal of pumping to be done. 

Crown Point. 

The Superintendent writes, the 19th inst. : " The south aud east winz- 
es continue to give proofs of an immense body of rich ore on the 1,300, 
and altogether the prospects of the mine were never better." 



July 24. 



OK THE SAN FRANCISCO NEWS LETTER. 



Yellow Jacket. 

At tin- innu] mwUoffi held at Gold inn, the tallowing Troetoea wore 

elected: Tb rlor, WUUtm Sharon, l>. L Bltoe, T. B, Storor 

W, BuleloiL At a labeeqaent meeting of tbe Trustees, the lob 

low t ne offlcen wen elected: or, President; Q. W. 

ii. vice President; Wn. Sharon, Treasurer; Thoe, <;. Taylor, 

Superintendent; li. W. Hopkins, Beeretuy, 



Plooho. 
A dbpatcli dated -Hily 93d soya: " Improved very much in face of drift 
and bottom of second level; ore tn fnce of drift Two and one-half feet 
wide; assay, I860; In bottom *>f wlnse, one and one-half toot; sssfty, 
SUUU. Pulp ae mills. " A dispatch to .inly 38d. soya: " Drflt 

in tirst Level eighty met; fttllv two and one-half feet of line ore in face. 
No change In winze. Palp assays, $25&" 



Imperial. 
A letter Of the Slat, says : " Our cross-cut on the 1,600-foot level is this 
evening showing ore fully fifteen feet wide, and, although we arc not 
yet fully through the ore, 'we have stopped the cross-cut for the present, 
for the reason that we have indications ol water. To-morrow will com- 
mence sinking a wlnse In the 1,600-foot; ore already developed. Our 
1..MXJ foot level to-day eut the -nine vein as in the l.tiOO-foot, when the 
water eomuuneed coming in so fast we were compelled to put in B bulk- 
head Immediately.* 1 



OUR RAI LS. 

Texas and Pacific Railroad. 

The charter of the Texas and Pacific Railroad requires that no less than 
100 miles of road shall be constructed every year until fully completed. 
lint progress is probable at a mueh faster rate. Work is to proceed at 
Once from both ends of the line. A surveying party with an escort of U. 
8. soldiers to guard against Indians, has already left the Texas frontier 
And is working in New Mexico and Arizona. On the Pacific side a sur- 
veying party arrived in San Diego several weeks ago, and was followed by 
the great working party. The Texas Pacilic Railroad noniinully extends 
from Marshall, Texas, to San Diego, Col. But the real commencement 
w iti be at Shreveport, the head of Red River navigation, making, with 
branches, a total of 1.1KX) miles. The line follows the thirty-second par- 
allel through New Mexico aud Arizona to California, aud is entitled to 
alternate sections of land amounting to 15,000,0U0 acres. But this Com- 
pany—the Texas aud Pacific— sueeeeds to lands and bonds granted by 
Texas to other compauies, incorporated with it, that arc eveu more val- 
uable than the Congressional land grants. These are the Southern Pacific 
(of Texas), from Slireveport to the Rio Grande del Norte, on the Mexican 
boi'der, i>00 miles; the Transeontinental Railroad, from the frontier of 
Arkansas and Texas through the latter State to Fort Worth on the West 
fork of Trinity river, to join the main line of the through road to the Pa- 
cific. Beside these, Congress lias chartered and eudowed with 4,000,000 
acres the New Orlcaus, Baton Rouge and Vicksburg Railroad, 400 miles 
long. It is also aided by the 8 per cent, second mortgage gold bonds, in- 
dorsed by the State of Louisiana, *12,500 per mile. So far, little or no 
use has been made of the endowments. The construction of the through 
.grand trunk Hue is said to involve no engineering difficulties whatever, 
nor will there be any difficulty in finding sufficient water and fuel. Shreve- 
port has been selected by Col. Scott, President of the Texas aud Pacific 
Railroad as the depot of supplies for the entire line. It is expected that 
the entire work will be finished within three or .at the most four years. 

In an address to a meeting of the merchants of New Orleans, recently, 
Col. Scott said: "I may now say that work on the Texas Pacific Railroad 
is about to commence, and within the next two weeks from this time the 
contractors will be on the line to run due west, with the view of extend- 
ing the road directly through to San Diego, on the Pacific; and I think 
that I am safe in saying to the people of New Orleans that within the next 
six years, from this day, we shall have the privilege of going through to 
San Diego on a train of cars from this town — will complete the Texas 
Pacific road, which starts from Shreveport on the one point, and Tcxar- 
kana on the other, these two lines running nearly westward and coming 
together forty miles west of Dallas, at Fort Worth, and running through 
to the Pacific. It is unnecessary for me to dilate upon what the road will 
do when finished ; that is perfectly understood by the people of the South. 
It has been discussed for twenty years and ought to be known by every 
one connected with commerce. When it is finished it will open up the 
richest part of Texas, New Mexico aud Arizona, clear through to the Pa- 
cific. It appears to me your people ought to take hold now of the work 
necessary to be made between Shreveport and this city. My statements 
in relation to railroads are always to the point. We are going to build 
the Texas Pacific Railroad. We want New Orleans to take bald and build 
a road to come to the end of the Texas Pacific road and take a share of 
that trade. Will you do it ? " [Cheers.]. 

Proposed Narrow-Gauge Railway. 
A meeting of the farmers and land owners in those portions of Yolo 
and Solano counties neighboring Cache creek and the Maine Prairie, was 
held at Dixon on the 20th instant, to promote the construction of a nar- 
row-gauge railway for the outlet-of the large agricultural product of that 
region. Capt. Merithew, Judge Curren, R. C. Briggs, 1. E. Steel, R. 
Daniels and other citizens ef the neighborhood participated in the pro- 
ceedings. Subscriptions to the stock of the proposed road were made to 
the amount of S13,4€0. A committee was appointed to solicit subscrip- 
tions, and another meeting called, to be held at Cottonwood at an early 
day. 

The Virginia and Truckee Railroad. 

Good progress is being made on that part of the Virginia and Truekec 
.Railroad lying between Steamboat and Carson. When the road is com- 
pleted between the points named, there will be but little teaming over 
the Geiger Grade, and the owners of prairie schooners will probably 
"pull out" for Pioche and other mining camps in the eastern jjart of the 
.State, where there is still teaming to.be doue. 

REMOVAL AND CHANGE OF AGENCY. 

The public are invited to take notice that she Jl :»isa Eii.ftumui<ce Com- 
pany of Hartford, have removed from the corner of California and Leidesdorff 
streets, to the opposite side of California street. No. 14 Merchants' Exchange Build- 
ing. Also, that they have recently appointed the undersigned their General Agent 
forthis Coast. Adl business of tlic-Company will he attended to. at their new loca- 
tion, by the newly appointed General Agent. The old -.Etna has cash assets of 
$5,052,SS0, and an experience of Fifty Tears in the fire insurance business. 

GEO. C. BOARDMAN, General Agent. 
Wm. Macdonald, Agent. Soy. 21. 



i \ L\ R. Xx. 



BROOKLYN LIFE INSURANCE CO. OF NEW YORK. 

This leading? Company issues all Etiatds of Policies on the most 
favorable terms. JJo restriction whatever on travel or residence in any.partof 
ithe world. All policies nonlorfeitable, and the anDual cash-surrender value written 
,-jpon each. A. J. BRYANT & CO., 

■Sejpt.23. General Agents lor the Eaciuc Coast, 2-10 Montgomery St., S. F- 



Commencing Monday, July 22d, 1872, and until further notice, Trains 

and Boats will leave San Francisco 
7 MO A M Ovcrlai I train for Sacramci 'tllo'Rcd Bluff, 



Colfax i Reno, » Igdon and Omaha. 



•> jw\ P. M. San Jose Praln, stopping at all Wuy Stations, 

i j)|| I 1 . M Tit K-nyer Train for Stockton, Merced and Bacramento. 
(5 SO *' M ' ° mut Train— Through Freight and Accommodation. 

7')jl A. M. Steamer New World (fmni iinmdwav Whan), annectlng at Vat 
.OVJ lfjo with Trains of California Pacific Ra ilroad. 

4 HO '*■ *^- *Sat , num , nto Steamer tfnun Bnmriwav Wharf), connecting at Vftl- 
.\J\J | e j w ttb Trains of California Pacific Railroad. 
O 00**- M> 'Steamer Antelope (from Broadway Wharf), connect'ng at Donahue 
£*\J\J with Train* of S. F. & N. Paciflc Railroad. 



m|j| A. M. Excursion Boat (Sunday* only) from Broadway Wharf, connecting 
O.UU with Special Train of S. V. ft N. P. R. R. for Cloverdule and intermediate 
points, returning to San Francisco by 7:00 P. M. 

OAKLAND BRAM'U-T.KAYE San FranciTco, 7:00, 8:10, 9:20,10:10 and 11:20 
a.m., 13:10. 1:50, 8:00, 4:00, 6:15, 6:80, 8:15, 9:20 and *11:80 r.M. (9:30, 11:20 and 8:1 ) 
I.) Oakland only. Leavk Brooklyn. *5:30, 0:40, 7:50, (COO and 11:00 a.m., 1:80, 2:40, 
4:55, 8:10, 7:55 and 10:10 P.M. Leave Oakland, *5:40, l>:50, 8:00, 9:10,10:00 and 

i! :1oa.m., 12:00, 1:40,2:50, 8:50, 5:05, 6:20, 8:05 ana 10:20 p.m. 

" ALAMEDA BKANC1I— Leave San Francisco, 7:20, 9:00 and 11:15 A.M., 1:30, 
4:00, 5:30 and 7:00 P.M. (7:20, 11:15 and 5:30 to Fruit Vale only. 

Leave Haywards, *8:45, 7:00 and 10:45 a.m., and 3:30 p.m. 

Leave FttUlT Vale, «4:40, 7:35, 9:00 and 11:20 a.m., 1:30, 4:05 and 5:30 p.m. 

•Except Sundays. A. N. TOWNE, General Superintendent. 

T. H. Goodman, General Pass enger and Ticket Agent. May 18. 

HOME MUTUAL INSURANCE COMPANY OF CALIFORNIA. 

No. 433 California si.. Merchants 5: \*lt;, i«ro Bnildin&r. Fire and Ma- 
rine Insurance Conipanv. Capital, $750,010. Officers:— John H. Kedlngton, 
President; George H. Howard, Vice-President; Charles R. Story, Secretary; K. B. 
Eddy, Marine Secretary. H.H. BIGELOW, General Manager. Diukctoks.— San 
Francisco— Geo. H. Howard, F. D. Athcrton.H. F. Tesehemacher.A.B.Grogan, Jolm 
11. Kedinglon, A. W. Bowman, C. S. HoV.he. II. M. Hartshorne. D. Conrad. Wm. II. 
Moor, Geo. S. Johnson, H.N. Tllden, W M. Greenwood, S.L.Jones, Geo. S. Mann, 
Cyrus Wilson, W. H. Foster, Jr., Jos. Galloway, W. T. Garratt, C. Waterhouse, A. 
P. Hotaling. Oregon Branch— P. Washerman, B. Goldsmith. L. F. Grover, D. Ma- 
cleay.C. H. Lewis, Lloyd Brooke, J. A. Crawford, D. M. French, J. Lowenherg, 
Hamilton Boyd, Manager, W. L. Ladd, Treasurer. Marysville— D. E. Knight. San 
Diego— A. H. Wilcox. Sacramento Branch— Charles Crocker. A. Rcdington, Mark 
Hopkins, JiiB. Carolan, J. F. Houghton, D. W. Earl, Isaac Lohman, Julius Wetzlar, 
.Julius Wet-dar, Manager, I. Lohroan, Secretary. Stockton Branch-H.H.Hewlett, 
Geo. S. Evans, J. D.Peters. N.M. Orr, W. F. McKee, A. W. Simpson, A. T. Hudson,' 
H. M. Fanning, H. H. Hewlett, Manager, N. M. Orr, Secretary. San Jose Branch— T. 
Ellard Beans, Josiali Beldeo, A. Pflster, J. S. Carter, Jackson Lewis, N. Hayes, Noah 
Palmer, B. D. Murphy, J. J. Denny, Manager, A. E. Moody, Secretary. Grass Valley 
— William Watt, Kobert Wall:. Nevada— T. w.Sigourney. Feh.ll. 

FIRE AND MARINE INSURANCE.--UNI0N INS. CO. OF S. F. 

The Califorieia Iilo>€lN.-.r:Ktntili&3ictI in I86I.—N08. 115 and 41S Cali- 
iornia street. Cash capital, $750,000 in Gold. Assets exceed §1,000,000 Coin. Fair 
Rates! Prompt Settlement of Losses! ! Solid Security!! Directors— -J. Mora_Mo_ss, 
James Otis, William E. Barron, J. G _ 
Montague, Moses Heller, Adam Grant, N. J. D-iuia, 
Joseph Seller, W. C. Ralston, I.Lawrence Pol,!, A. Weill, Joseph Brandenstefn, 
Benjamin Brewster, Jabez Howes, Milton S. Latham, Nicholas Liming, JohnParrott 
L. Sachs, M. D. Sweeney, Morton Cheesman, James Phelan,Gus. Touchard. Nicholas 
Larco.N. G. Kittle, George C. Hickox, George ('.Johnson, L. A. Booth, T. E. Lin- 
denherger, L. Cunningham, Peter Decker, Marysville. 

GUSTAVE TOUCHARD, President. 
Chablks D. Ha vhn, Secretary'. Geo. T. Boiiex, Surveyor. May 7. 

FIRST NATIONAL GOLD BANK OF SAN FRANCISCO, CAL. 

Paid up Capital, $1,500,000, Gold. I'reftideisft. CJco. F. H<m;imt; Vice- 
President, Samuel Hort; Cashier, N. K. Maslen. Directors— Geo. F. Hooper, 
Peter Donahue, Charles G. Hooker, M. P. Jones, James Motlitt, James C. Flood, 
Edward Martin, D. Callaghan, Samuel Hort. New York Agents— Jay Cooke & Co. 
London Agents— Jay Cooke, McCulloch & Co. Exchange 1'or sale on the principal 
cities of tbe United States, Great Britain and Ireland. Commercial Credits issued 
available in Europe, China and Japan. This Bank is prepared to transact a general 
banking business. Deposits in Gold, Silver and Currency received enhiect to cheek 
or on special deposit. Collections attended to and prompt returns made at the low- 
est market rate of Exchauge^ '_ May 4. 

GERMAN SAVINGS AND LOAN SOCIETY. 

Guarantee Capital, 8200.000.— Office 5£2 California Street, South 
side, between Monlgomerv and Kearny streets. Office Hours, from 9 a.m. to 3 
p.m. Extra hour on Saturdays from 7 to 8 p.m., for receiving of Deposits only. Loans 
made on Real Estate and other collateral securities, at current rates of interest. 
GKOKGii Lette, Secretary. [Jan. 29. 1 ] L. GOTTIG. President. 

SECURITY SAVINGS BANK.— GUARANTEE CAPITAL, S300.000. 

Officer!*: President, .loliii E"arrott; Viee-I'reniflent, Henry S. Bnb< 
cock: Secretary, T. F. Bacon; Attorney, Sidney V. Smith. Loans made fin 
Real Estate and other Approved Securities. Office: >.o.T04 Sanscme street (Fried- 
lander's Building,), opposite the Bank of California, San Fran cisco. Oct. 14. 



411 



C 



THE LONDON AND SAN FRANCISCO BANK (Limited) . 

Sell Drafts on Yokohama, Hongkong, Shanghai and Jtlanill, at 
sight or on time, in sums to suit. J uly 4. 

MASONIC SAVINGS AND LOAN BANK. 

Guaranteed Capital, $150,000. Office, Xo. 6 Fvnt street, Masonic 
Temple, San Francisco, California. LEONIDAS E. PRATT, 
Geo. Robins, Secretary^ [April. 16.] President. 

FRENCH SAVINGS AND LOAN SOCIETY. 
Bush street, above Kearny. O. Mahe, Director, loans made 

on real estate and other collateral eec-nrities at current rates of interest . 

THE MERCHANTS' EXCHANGE BANK OF SAN FRANCISCO. 
apitnl Stock, One Million Dollars. Levi Stevens, President; K. 

N. Van Brnnt, Cashier. Banking House, 115 Caliiornla street. July 2. 

J. SELIGMAN & CO., 

Bankers. No. 412 California street — Exchange and Telegraphic 
Transfers for sale, payable in Gold or Currencv, in sums to suit, on all principal 
Cities or the United States. Also, Bills ol Exchange on the principal cities o( 
Europe. i De c. 24. 

IMPERIAL FIRE INSURANCE COMPANY OF LONDON. 

Established in 1S03 Capital. 88,000,000 — Losses paid here in cash, 
immediately on adjustment, in United States Gold Coin. ,,„,,„ 

FALKNER, BELL & CO., Agents for California, 
Y eb 8. No. 430 California street^ 

THE STATE INVESTMENT AND INSURANCE COMPANY. 

Fire and Marine. — JWo. 409 California street, opposite Bank of Cal- 
ifornia. TYLER CURTIS, President. 
P eter Doh-ahite, Tice-President. Jan. HO. 

BRITISH AND FOREIGN MARINE INSURANCE CO. OF LIVERPOOL. 



C 



lapital. 83.000,000 Agents: Balfour, Ciatbrie A Co., No. 308 San- 

' some street, San Francisco. ^ - " ov. 10. 



COMMERCIAL INSURANCE COMPANY OF CALIFORNIA. 

Office in San Francisco, No. 435 California street — Fire, Marine and 
Inland Navigation Risks. Capital: $200,000. C. W. KELLOGG, President. 
H. G. Horner, Secretary. J.mie ii. 

JOHN OSBORNE, 

Agent to the San Francisco "News tetter."— Office ai, Wells. Fargo 
& Co% Main street, Los Apgelfis. .June la. 



THE DAILY FINANCIAL POSTSCRIPT. July 24. 



ItONDOCT ARm SJLN FRANCISCO BANK 

LIMITED. 



Incorporated under the Joint Stoch Companies Acts of 1S62 of Great Britain, with which has been 

consolidated the business of 

F^RIfcOTT «fc CO.,.Bankers, 

SAN FRANCISCO, CALIFORNIA. 

Capital - - - - ■* - - 35,000,000 

Of which $3,000,000 is fully paid up as present Capital, and will he increased as the growth of the business requires. 

S.AJV FRANCISCO OFFICE, 433 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Eodewald, Esq., Chairman ; H. L. Bischofl'shcim, Esq. (Messrs. Bischoffsheim & Goldschmidt) ; J. F. Flemmich, Esq. (Messrs. F. Hath 

&Co.); E. H. Green, Esq. (Messrs. Russell and Sturgis, of Manila); Julius May, Esq. (of San Francisco), Frankfort-on-the-Maio ; 

J. 8. Morgan, Esq. (Messrs. J. S. Morgan & Co.) ; Baron H. de Stern (Messrs. Stern Brothers) ; Rudolph 

Sulzbach, Esq. (Messrs. Sulzbaeh Brothers), Frankfort-on-the-Main. 

Manager in London : - - - R. D. PEEBLES, Esq. 

Manages? is Sas Wmuwm 9 If 1LTEM S, 1LIT111. 

Assistant Manager (San Francisco), CAAULO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, ----- - - - - - ALFRED BANNISTER, 

The Bank in prepared to transact all kinds of General Bauking and Eschanee Business, in London and San Francisco, and between eaid Cities and all parts of the 
world. The San Francisco Ofllce is authorized to draw Bills of Exchange or issue Letters of Credit upon either of the under-named Founders and Proprietors of the 
Bank, or (at the option of the buyer) upon the following Houses, with whom the Bank has established credits, viz : LONDON— The London Joint Slock Bank, No. 5 
Priuce=s Street ; Messrs. Biwchotrsheim, Goldschmidt & Co.; Messrs. Fruh'.ing & Goschen ; Messrs. Frederick Hnth & Co.; Messrs. J. S. Morgan & Co. (successors to 
Me^rs. Georce Peabody & Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Dresel, Morgan & Co., 53 Exchange Place. BOSTON— Third National Bank. 
PHILADELPHIA— Messrs. Drexel & Co. PARIS— Drexel & Co.; Biscbofl'sheim. Goldschmidt* Co.; Messrs. A. J. Stem & Co. FRANKFORT-ON-THE-MAIN— Mr. 
Gcfcruder Sulzbach ; A. J. Stern & Co. GERMANY— Bank of Saxc Meiningen. AMSTERDAM— Banque de Credit and Depot des Pays Bas. ANTWERP— Nottebohn 
Brothers; F. R. Bischoffsheim. HAMBURG— John Berenberg, Gossler & Co. BERLIN— Deutsche Bank Action Gesellschaft. GENOA—Dapples & Co. NAPLES 
a«id FLORENCE— Anglo-Italian Bank. VALPARAISO and LIMA— Fred. Huth, Griming & Co. MANILA— Russell & Sturgis. CHINA and JAPAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Australia; Bank of New South Wales. IRELAND— Provincial Bank of Ireland, 
and all its branches, viz: Dublin, Cork, Limerick, Clonmel, Londonderry, Sligo, Wexford, Belfast, WaLerford, Gal way, Armagh, Athlone, Coleraine, Kilkenny, Ballimi, 
Tralee, Yonghal, Enniskillen. Monaghan, Banhridge, Ballymena, Parsonstown, Cavan, Omagh, Dungannon, Bandon, Ennis, Bally shannon, Strabane, Dungarvan, Mal- 
low, Cooiehill, Kihush, Skibbereen, Ennischorthy, Fcrmoy, Newry, Droghcda, Nenagb, Templemore, Carrick-on-Suir, Carricb-on-Shannon, Clogheen, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID TO SELLING CALIFORNIA SECURITIES IN EUROPE. 

Collections, Purchases of Real Estate and Mining Shares, and Investments of all kinds in California. 

MILTON S. LATHAM, Manager. 

THE BANK OF CALIFORNIA. 

SjSLiKr FRASTCISCO. 

Capital, - *^,» - ■* Z' $5 ? 000,000 
Oc Go HULLS, President, W G- EULLSTQN, Cashier. 

AGENTS: 

In New York, Messrs. Lees and Waller; in Boston, Tremont 

National Bank; in London, Oriental Bank Corporation. 

JsgT The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns- 
of the Pacific Coast. 

Available for the purchase 06 Merchandise throughout the United States, Europe, India, China, Japan and Australia. 

Exchange for Sale on all the AA lazif ic Cities. 

DRAW DIRECT 03V 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frankfort-on-the-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

lilfl ]PAII1 1TO gl&Alf OTO IOTATOI 

BEIV. HOLLADAY, President, 

San jFrantisto, 

WM, NOEEIS, Vice-President, San Francisco; HOLLADAY & BEEMHAM, General Agents, San Pranoisoo. 
Dispatch Steamers to the folio-wing- places. 

Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

Sou th eras BKoiite « 

Santa Cruz, Monterey, San Simeon, San Louis Obispo, Santa Barbara, Los Angeles, Anaheim. San Diego, Etc., Etc. 

Mexican ®©aii€»» gDteames evesy Iteity Bay® 8 

Cape St. Lucas,' 3Iuz<i( Ian, San Bias, Gnaymas, and La Paz. 

OFFICE : 217 Hansome Street, San Francisco. 



Price, tingle eopr, 5cfnt«; per Week, 
25 cents ; per Annum, including Postage 
to anv pan of the world. Twelve Dol- 
lars. Printed and Published br Frederick 
Marriott, No. C33 Montgomery Strwt, 
San Franc itco, California. 



Mfti 



Delivered immediately on the arrival of 
tho mails in New York, Llvcrpe' 
Pari?, H;iu I irt, BorllB, £uoz, 

ltonf, Melbourne 

Islands of tho P.TC.U1C Ocean. 




[Established July 20, 1856.] 



Itisyatehcil Daily hy I lie Mails to every Monetary and Commercial Center throughout the li'orlrf. 



Vol. 1. 



SAN FRANCISCO, WEDNESDAY, JULY 25, 1872. 



No. 4. 



OFFICE OF Ff.V.l\(7.li POSTSCRIPT, 

San Francisco, 12 It., July 25, 1872. 

BULLION, MONEY AND EXCHANCE. 



&0LD BABS, 860 to 70. Silver Bars 1 1-4 Discount Treasury Notes 
are selling at 87 1-4 to 87 3-4. Mexican Dollars, from 8 to 8 1-2 
premium. 

EXCHANGE ON N. YORK, 1-2 Currency, 13 1-2 per cent. prem. for Gold; 
per cent On London : Bankers, 49; Commercial, 49 1-2 ; Paris: 5f. 
per dollar. Telegrams, 3-4. 

PKICE OF MONEY HERE, 1 to 1 1-4 per cent, per month— Bank rate. 
In the open market. 1 to 1 1-2 per cent per month. The demand is is 
active. 



LATEST TELEGR APHIC NEWS. 

I.OKBON, .JUIjY 33. 

Consols, 9S.v for Money; for Ac-I ILiv'pool WheatMarket, Us. 9d.@12s. 

count. (United States 5-20 Bonds, !M\. . 

J'EB' YOXK, JVZ.Y 95. 



Gold opened at 114}f ; 11 A. M. at 114* 

Sterling Exchange, 10»? 4 (n iio,v. 

Flour, — . 

Pacific Mai], T&%. 

Pork, *13'...«ia'„. 

Oil. Sperm, tiuiet, $l.3*Bi$1.40 ; Win- 
ter Bleached, $1 r,«i (l.liS ; Whale, 
firm, TOrtv ICOc. ; Winter Bleached, 
7(>v, 75. 

Hides, quiet. 23K@24Xc; eoltcd,12©12!< 



United States Bonds — Five-tweuties of 

186*, 116*; 1807, llotf. 
Wheat, — 
Barley, — 

Quicksilver Mining Company, 42*. 
Cotton, quiet, 22c. 
Wool, Spring, tine. 38®45c; Barry, 30® 

35c.; railed , a KB line.; Fall Clips, 32® 

87c. Barry, 20@25c. 



SALES OF STOCKS THIS DAY. 

At the San Franoiaco Stock and Exchange Board. 



SHAKES, 

Ophir 230 

Do 70 

Gould & Curry.... 40 

Savage 170 

Do 30 

Chollor 102 

Do no 

Hale &Norcross ...151 

Do. 110 

Crown Point 140 

Do 40 

Yellow Jacket 225 

Do, 130 

Do 20 

Imperial 2045 

Succor 270 

Do 50 

Julia 150 

Caledonia 305 

Do 20 

Do 20 

Knickerbocker — 1015 

Do 50 

Arizona and Utah . . 100 

Globe 50 

Baltimore 220 

Do 100 

Bacon 30 



now. HIGIl. 
47 48 

bSO 40fi 50 
102 195 
181* mo 
.... b30 195 
111 114 

.... b30116 
98 90 

102 b80 1021.; 
153 155 
.... b30 157 
148 150 
153 b30 155 
.... b3150 
11* 12Jf 
5 5X 

.... b3 5k" 

64 06 

.... b5 65 

.... b30 68 

SX 9 

blO 8* .... 

2 2* 

2% 



bS 3 

75 



SHARES. 

Bowers 10 

Central 120 

Silver Hill 470 

Do 100 

Eclipse 580 

Trench 10 

New York 130 

Senator 50 

Woodvule 750 

Insurance 4.50 

Do 700 

Seg, Belcher 80 

Overman 180 

Do 25 

Do 10 

Empire 863 

Alpha 90 

Do 10 

Cons. G. H, Quarts.lOO 
Belcher 15 

Do 10 

Confidence 580 

Do 200 

Cons, Virginia 435 

Sierra Nevada 290 

Daney 125 

Exchequer ^o 



LOW 


HIGH. 




15 




9*= 


7> 


8 




b30 8 


U* i 




14 




1* 




50c 


5 


BM 




3 




b3 3 


115 


117* 


91 


93 




b30 9,i 




b3 91X 


14 


15 


55 


57* 




S3 56 




6* 


1,045 


1,050 


....b301075 


71 


11* 




b.30 11 % 


41 


43 


17 


via 


2 


2* 


18 


19 



At the California Stock Exchange Board. 



SHARES. LOW. 



American Flag — 20 

Alpha 10 

Baltimore 50 

Ophir , 00 

Do 3" 

Savage 20 

Do 30 

Sierra Nevada 30 

Cons, Virginia 90 

Nooman 200 

Revenue Cons 325 



21 
55 



¥IX 48 

.... b30 48 

180 184 

.... t-30 185 

WX 

41 42X 

30 40 

a ox 



SHARES. LOW. HIGH. 



Eureka Cons 50 

Mahogany 20 

Amelia 200 

Louise 300 

Meadow Valley — 50 

Orient 50 

Pioche 40 

Golden Chariot.... 100 

Eclipse 10 

10 



23^ 
19* 

m 

2 
17* 

2* 
35 
14* 
11 
18* 



YESTERDAY AFTERNOON SALES 

At the San Francisco Stock and Exchange Board. 



SHARES 

...100 

...H5 



715 



Alpha 

Do 

Do 

American Flag 

Do 80 

Do 225 

Bellevue 50 

Bowery 100 

Belmont 550 

Chapman 50 

Chief of the Hill.. 175 

Condor 370 

Eureka Cons 230 

Do 100 

Excelsior 40 

Eclipse 2M 

Golden Chariot — 75 

Huhn&Hnnt 200 

Ida Elmore 550 

Do 100 

Do 200 

Do 100 

Ingomar 220 

Jackson 200 

Knickerbocker 220 

Meadow Valley.... 725 

Mammoth 100 

Noonday ■• 65 



LOW. HIGH. 

3?„ 
58 60 

... b30 59 
21 22 

... b30 21X 
... b30 22 
3 

2K 
8 

1* 

m 

4* 
23 23i,' 

... D30 23* 
14 



12Ji 
12 



9% 
10X 



13 
14 
»* 
20 

bao 20 

b30 21 

b30 20„w 
2 

80c 
9% 

nx 

60c 
20c 



SHARES. 

Mahogany 740 

Do 100 

Do 200 

Do 100 

Do 50 

N.OToFino 200 

Overman 40 

Do 10 

Do 20 

0. H, Treasure 425 

Pioche 980 

Do 50 

Do 75 

Do ® 

Do 100 

Pea Vine 300 

Page & Panaca. . .1250 

Raymond & Ely... 68 

Do ... 20 

Do ... 20 

Star Con 60 

South Chariot 300 

Silver Hill 50 

Savage H5 

Do 50 

Do 5 

Do 10 



LOW, 

19 



HIGH. 

19* 

1)30 20 
b80 19}£ 
b.10 19* 
830 19 
IX 
96 



.... bSO 98 
7 lii 

87 38 

.... h30 39^ 
.... b30 38X 
.... b30 38 
.... s30 36X 
70c 75c 

2 

145 146 

.... b80 148 

.... 080146 

i;» 

8% 

193 200 

.... bSO 200 
.... b5 200 
.... b30 198 



AT THE CALIFORNIA STOCK EXCHANGE BOARD. 



SHARES. 

Amazon 200 

American Flag — 150 

Baltimore 20 

Bait. American — 50 

Caledonia 10 

Do 20 

Condor 100 

Cons. Virginia 10 

Eclipse 15 

Knickerbocker 50 

Independent 100 

Louise 300 

Mammoth 100 



HIGH. 

3 | 
22 

8«| 

1* 
30 72 
68 
» 4* 
i\X 
14 

9* 

o 
60c 



Orient. 100 

Ophir 55 

Do 40 

Pea Vine 100 

Pioche 150 

Phil Sheridan 100 

Revenue Con 1000 

Do .... 50 

Savage SO 

Star Cons 50 

South Chariot 50 

Yellow Jacket W 



SHARES. LOW. HIGH. 
2?i 3* 

47 ilX 

... b30 50 

70c 
37 40 

1 
6* 5* 
.... b80 5X 
197* 200 
1* 
4 
159 



New York, July 16.— Railroad bonds are strong on an increasing de- 
mand, with large dealings distributed throughout twenty-two various 
issues. In the Pacitic bonds there was an active movement, with sales of 
Union Pacifle first mortgage at from 90 1-2 to 90 7-8; Central 6s at 103 1-8, 
and Northern Pacific first mortgage 7-80 gold bonds at 100 and accrued 
interest in currency. The Commercial, this evening, alluding to the 
bonds, says; "A large investment demand is reported in the bonds of 
the Northern Pacific. Railway Company, the sales of which are heavy, not 
only in this city but on orders from parties in the State, at the East and 
from Canada." 



New mining incorporations are: The Silver Lick Consolidated 

Mining Company, in the Eureka Mining District, Lander County, Ne- 
vada ; "capital stock, $5,000,000. Trustees— Alpheus Bull, John O. Earl, 
David B. Blair, George W. Clark and L. A. Booth. The Pioche Cham- 
pion Company, to operate in Ely Mining District, Nevada; capital stock, 
$3,600,000. Trustees— Emile Hestres, George Reiter, Alexander E. Sa- 
batie, Albert Scharowski and Theodore Leroy. 



England paid the United States last year for cotton $184,000,000, 

and making this up into fabrics she cleared $188,000,000 of net profit, 
more than doubling her money. 



The Philadelphia Commercial List of July 13th notices the arrival 

of two car-loads of California Flour, of superior quality, the first direct 
shipment by rail from Sau Francisco to Philadelphia. 



THE DAILY FINANCIAL POSTSCRIPT 



July 25. 



OFFICE OF FINAtffJlAL POSTSCRIPT, 

Ban Francisco, >H M.,July 25, 1S72. 

The Heto Pacific Railroad Project* 
Creditable progress in procuring subscriptions to the capital stock of 
the proposed Sun Francisco and St. Louis (Atlantic and Pacific Railroad) 
h reported by the canvassers. There are 498 name* on the list, and the 
subscriptions aggregate $471,000 — largely made up in suras of from §100 
to §500 each. Some of the larger subscribers have intimated their readi- 
ness to increase the amounts of their subscriptions. With this additional 
68iU6cription and such additional sums as can be secured by further can- 
vassing, 11 does not appear extravagant to anticipate that an aggregate 
approximating $1,000,000 can be secured. These subscriptions are only 
" on paper " as yet, but the names on the list show that the cash should 
be generally forthcoming when called for. The ready response with 
which the citizens of San Francisco have met this call upon their self- 
helpfulness, is one of the most creditable among the many acts which 
have distinguished our career as a community, ltseemsjto illustrate, too, 
the depth of conviction in the public mind as to the expediency of doing 
what lies in our power to promote the completion of additional rail con- 
nection with the Eastern States. The railroad sitaation now is, in short, 
tliis: Two roads, the Texas-Pacific (from New Orleans and Memphis by 
the thirty-second parallel) and the Atlantic and Pacific (from St. Louis by 
the thirty-fifth parallel), are under construction toward the Pacific. The 
Texas and Pacific 1ms Federal and State land grants and State bond sub- 
sidies of great value — both as cash securities and prospective sources or 
capital. It is in the bauds of one of the four railroad Kings of the East — 
Col. Thos. Scott of the Pennsylvania trunk road — and will be pushed to 
immediate completion. The Atlantic and Pacific Company is claimed to 
be in a position of sufficient strength to conduct its enterprise to a suc- 
cessful conclusion. We shall soon have light on this question, when the 
representatives of this road arrive in San Francisco. St. Louis advices 
indicate that that city may lend the road a helping hand. From New 
Orleans we learn that that city also will probably take such action as will 
eccure its connection with the Texas and Pacific — now striking the Mis- 
sissippi river at Memphis. The end to be attained by San Francisco is to 
establish connection with these two roads. It is not enough to provide 
for connecting with cither one; we are to connect with both. If we 
build our own iudepcudent road to the Colorado river, we can arrange 
in advance for such connection permanently. Thus the traffic of both 
will contribute to the prosperity of our line. If we tie ourselves to either 
exclusively, we compel the other to construct its own through line, which 
will be a eompeti'or with ours throughout its length. The present ap- 
pear to be the time for action to secure what our interests clearly call 
for. To this common end all our efforts ought to be directed. At a late 
meeting of the Executive Committee of the Committee of One Hundred a 
sub-Committee was appointed to confer with the Directors of the San 
Francisco and Colorado Railroad for this purpose. 

At a meeting of the Executive Committee of the Committee of One 
Hundred, yesterday, the Committee of Conference app tinted to confer 
with a Committee of the San Francisco and Colorado River Railroad 
Company, reported the result of an interview. As yet they have arrived 
at no definite conclusion, but state it had been suggested to the Colorado 
Committee by the Conferring Committee, that the public should be per- 
mitted to subscribe to the stock of such a company in amounts propor- 
tionate to the entire capital stock, as the assessed value of the property 
of such subscribers on the city assessment roll should bear to the whole 
assessment roll. The suggestion was taken under consideration, and will 
probably be replied to at the next meeting of the Conference. 

Mr. Wheeler stated to the Committee the subject matter of a conver- 
sation had informally with Mr. Stanford on the day previous, to wit: 
With reference to the relative advantages of a railroad from Bantas, on 
the San Joaquin, direct to Mission Hay via Livcrmore Pass, Miles Station, 
Ravenswood Bridge and the shore line east of the San Bruno Mountain, 
and a road from Bantas via the Straits of Carquinez, Oakland and the Jerry 
now in operation to Mission Bay, Mr. Stanford stated that the former 
route was not only feasible and practicable, but the most desirable of the 
two. That the advantages of coming to San Francisco by a continuous 
rail more than counterbalance any such disadvantage of grade as that of 
the Livennore Pass, which is fifty-two feet to the mile, and that the 
distance by such route to Mission Bay would be the same as from Bantas, 
via the Straits of Carquinez, to the town of Oakland. 

Dodging Taxes* 

The dark ways of certain New York property owners in avoiding the 
payment of taxes, are explained as follows: As is well known, United 
States bonds are, by law, exempt from taxation. In New York a village 
bank holds §50,000 United States bonds. When the Assessor's books are 
open to make reductions in assessment, a man who is liable to be assessed 
upon $10,000 of personal property steps into the bank and purchases $10,- 
000 of bonds, giving his cheek or leaving his taxable securities in pledge, 
and then crosses the street to the room of the Assessors, states that his 
property is entirely in United States bonds, and is stricken from the rolL 
He immediately returns these bonds to the bank, takes up his check or 
securities and goes ou his way ; the bonds being in readiness to perform a 
like service for other parties several times in the course of the day. 
Another method, but little more complicated, is as follows: A man in 
business, with a stock of goods worth §100,000 liable to assessment, buys 
$100,000 of United States bonds with his check ; immediately borrows 
that same cheek on hypothecating the bonds, and then renders a state- 
ment of his affairs for the purpose of assessment as follows: Property, 
$100,000 United States bonds, exempt; property, §100,000 stock of goods 
liable; offset, $100,000 debt for the United States bonds. Result, no 
assessment. 

The Hibernia Savings Society has declared a dividend of eight 

per cent, per annum for the six months ending July 31st, payable 
immediately. 



The World's Mints. 

The London Economist, of June 20, publishes au elaboratcstatcmcntof 
the actual coinage of gold at the principal mints of the world — those of 
France, England, the United States and Sydney — sinee the date of the 
gold discoveries, twenty-four years ago. The figures aye derived from, 
official publications, aud the general result is since 1S4S the immense sum 
of $3,000,000,000 of gold has been coined at the above mints in the fol- 
lowing proportions ', England, £818,040,000; France, $1,299,005,000; the 
United States, $927,805,000; Sydney, $143,995,000. Total, $2,088,935,000. 
It is difficult not to believe, says the Erouotnist, that so large an addition 
to the previous amounts of the gold coinage can have been without im- 
portant consequences, both direct and indirect. Of course, a deduction 
ought to be made fur recoinages — the same gold having sometimes been 
coined twice over in different countries — but even if the whole coinage of 
the United States aud Australia had been reeoined in England and 
France, and this is most unlikely— the sum of $2,000,000,000, which 
would remain, would still be an immense amount. To appreciate the 
magnitude of the sum, it is only necessary to remember that the current 
estimate, of the gold in the world in 1848 was $2,800,000,000. Assuming 
that estimate to have been approximately correct, we have a coinage in 
twenty-fonr years equal to the whole stock of estimated gold existing at 
the commencement of the period. 

The San Francisco Branch Mint. 

Following are the tigures of the operations of theSan Francisco Branch, 
according to the returns made by the heads of the several departments. 
The Mint coined during the first six months of 1872 the amount of $7, 
204,500, against, for the corresponding term of 1871, $8,580,775, and in 
1870, $10,319,000. For the fiscal year ending June 30, 1372, the operations 
of the Melters 1 and Refiners' Department include 2,137,029,611 ounces 
standard gold bullion, value $39,758,690 44; 1,728,503 05 ounces standard 
silver bullion, value $2,011,349. The legal wastage allowed by law on 
the above amount of gold aud silver bullion is $83,550 06. The actual 
wastage is $3,803 39. The Deposit Furnace, "King Bars " of the present 
year, credited to the Melter and Refiner, were under a recent ruling of 
the Department, turned directly into the United States Treasury, other- 
wise the wastage of the Melter and Refiner would appear as $1,721 90. 
In the Coiners' Department, 1,734,095,870 ounces standard gold bullion, 
value $32,262,248 74; 1,623,079.80 ounces standard silver bullion, value 
$1,883,674 68, were operated upon. The legal wastage allowed by law 
upon the above is $51,470 71. The actual wastage is $1,158 51. 



County and Town Bonds Authorized. 

The following is a statement of the amount of bonds authorized to be 
issued by the respective counties, towns, etc., of California at the recent 
session of our Legislature : 



Alaaicda county 

Mendocino county.. 

Marin county 

Stanislaus county.. . 
S. Barbara county. . 
S. Barbara county.. 
S. Lais Obispo CO... 

Wilraia^ton 

S. Barbara Sell Dist. 
MendoeiDO county... 

Los Anjreles city 

San Diego county... 
Los Angeles county. 

Vallejo 

San Mateo county... 
Iuyo county 



Per ct. 


Vrs 


$15,01)0 


10 


10 


40,000 


i) 


20 


00,000 


8 


20 


50,000 


9 


lb 


40,000 


7 


20 


15,000 


10 


10 


15.000 


10 


10 


30,000 


10 


10 


0,000 


10 


111 


40,000 


8 


25 


20,000 


10 


10 


10,000 


10 


20 


85,000 


7 


IB 


50,000 


7 


2(1 


60,000 


10 


15 


40,000 


1U 


20 



Per ct. T'rs. 
Gilroy $ 3,000 10 — 



San Jose 

S. Luis Obispo co 

S. Buenaventura S. D. 

Oakland 

Santa Cruz (town) 

Ventura county 

I San Francisco 

'San Francisco 

San Francisco 

Vallejo 

Oakland 

Yuba county 

Yolo comity 

Plumas county 

Sacramento city 



100,000 

15,000 

10.1100 

50,00.1 

10,000 

211.000 

000,000 

100,000 

150,000 

250,000 

80,0110 

00,000 

8,000 

10,000 

50,000 



8 


on 


10 


15 


10 


11) 


8 


20 


111 


10 


10 


111 


n 


211 


7 


10 


7 


■M 


7 


30 


8 


30 


H 


20 


10 


4 


7 


20 



Total $2,392,000 

More than $1,000,000 of these bonds are for the purpose of internal 
improvement, and $335,000 of them are for road aud bridge building. 
They constitute a complete list of bonds authorized at the last session, 
excepting those to be issued for funding purposes aud for the State Cap- 
itol, and such as may be issued by the Reclamation Fund Commissioners, 
or bv the Trustees of Sherman Island. 



The London Money Market. 

London, July 5, 1872.— The fluctuations on the Stock Exchange this 
week have hem exceptional. Most securities were subjected to a full at 
the beginning of the week, from which home and railway stocks have re- 
covered, but foreign loans remain flat. South American seeurities have 
beeu very much depressed ; in this market there have been tendencies to 
panic ; some of the falls being 4 or in a day. J t appears that the recent 
great fall in Houduras Bonds has thoroughly frightened the public, who 
have been selliug indiscriminately all South American securities, even 
such solid stocks as Brazilian and Argentine. A panic of this kind, how- 
ever, is never of long duration. The movement has, of course, been 
greatly promoted by speculative operations for a fall. In the meantime, 
a strong hope is expressed that the Honduras Legation will afford some 
information to relieve the existing feeling of anxiety among the holders 
of Honduras Bonds. 

In the absence of supplies in the market, a large amount of wold has 
been withdrawn from the Bank of Germany, and further ren ..anccs 
thither are expected. The total held by the bank, however, is still about 
£24,000,000. The prospect that the bank rate will not be reduced below 
three per cent, may also be regarded with satisfaction, as tending to in- 
volve some check to the too rapid introduction of new companies. 

A large number of new undertakings have been announced this week. 

Business at the bank discount office is quiet. There is a good demand, J 
however, in the general market. The rate for the best three months'* 
paper is 2 3-4 to 7-8 per cent. 



July 25. 



OF THE SAN FRANCISCO NEWS LETTER. 



OUR R A I L S . 

The Progress of Railroad Construction. 

\\ r fctther from " Poor's Mmiiml of the Railroads ff the United States," 
which 1ms just boon toned for the current yew, the following Information 
relative to railroad progress In the United States during 1871. 

The number >'( roads in operation or in process of construction at the 
close "( tin- year «;i* '.'■<>*, having a total mileage »>f 80,853 miles, 01 an 
average »>r 160.86 miles. The following table will show the annua! Increase 
r.iih fifth year amce ISoO, the year when the lirst railroad, the Baltimore 
and Ohio, was opined fur use : 



in Annua! Increase 

Year, operation. of mitragt. 

1630 S3 

l>^-"> 1,008 2ti5 

iMn a,ai8 bu 

I84fi 4,633 

1850 9,021 1,656 



MUM in 

Ytar. oi#ration. 

18S6 18,874 

1800 30,635 

1865 35,185 

1870 53,399 



In 1871 the number of miles hi operation was 00,852, and the increase for 
the year was 7 t 458 miles, 

Fn>m this table it will be seen that the greatest annual amount of 
mileage constructed in the history <>f onr railroads was built in 1871. In 
1st'.; a marked improvement becomes visible, and from that date onward 
the rate of progress has been steady and rapid. That this progress will 
continue for a considerable future period is almost absolutely certain, 
l.ar^e districts of the country are r-till comparatively without railroad 
facilities, the greater part of the South and much of the West still re- 
maining to be built over. As population increases we may look for a 
gradual approximation to the condition of Massachusetts, where there is 
one mile of road to each 4.86 Bqnure miles of territory. 

The average cost per mile of existing roads is estimated at $50,000. 
The total cost is therefore in the neighborhood of ^;,042,000,000, while 
the amount expended in construction and repairs for lisTl is given at 
?^7o,i.HKi,iKH). These figures represent but a small portion of the actual 
sums expended in connection with the railroad system. They represent 
merely the coi^tructiou of aud rcpa rs upon the roads themselves, the 
cost of the mileage alone for the past year being iixed at $2:25,000,000. If 
we take into account the sums paid out for equipments on new roads, 
with the numerous incidental expenses which are not included under the 
heads of construction and repairs, such as running expenses and the like, 
it is not improbable that the sums so paid out would swell the total 
amount to nearly double that here given. 

In amount of earnings and tonnage the increase is fully as remarkable 
and rapid as in mileage. The earnings of all the roads in the United 
States for 1850, when the Erie Railroad was opened and canal tolls re- 
moved from the New York Central line, were $30,466,358 (an average of 
about $4,304. per mile), of which $20,102,104 were derived from freight. 
In 1871, on the other hand, the gross earnings were $454,969,000, an av- 
erage of $7,500 per mile, two-thirds of which were derived from freight. 
By a rough estimate, the total railroad tonnage of the country in 1851 is 
fixed at 5,050,320 tons, aud in 1871 at 100,000,000 tons, an enormous and 
unexampled increase. 

The Los Angeles County Railroad. 

The Los Angeles Kailroad Committee of Thirtv met in that city on the 
24th instant, and adopted the following: "Itesolved, That the Com- 
mittee recognize the justness of the terras proposed by the Southern 
Pacific Railroad Company, and recommend them to the favorable con- 
sideration of the people of Los Angeles county, and pledge our individual 
efforts to secure their adoption and acceptance; and that the propositions 
be carried to the Board of Supervisors for its favorable action thereon." 
The Afaossnms up the proposition of Stanford «& Co. as follows; To build 
fifty miles of a main trunk road through Los Angeles county on the road 
from San Francisco to Fort Yuma. ^It is understood that the starting 
point will be within a given distauce of the Plaza in the city of Los 
Angeles, twenty-five miles to extend northward and twenty-five miles 
eastward. The consideration is a donation, in the way of a subsidy, of 
five per cent, or the assessed valuation of property in the city and conn ty, 
in 7 per cent." bonds. The corporation engages that the fifty miles of road 
shall be built in fifteen months after the subsidy shall have been voted. 
"Within three months afterwards, it will commence operations on the 
branch road leading to Anaheim, to be completed within two years after 
the date of its commencement. 



Annual tnawue 

of mileage. 
1,654 
1,816 
1,277 
8,145 



Railroad Enterprise in Texas. 

Railroad progress in Texas is just now exceptionally rapid. Eight 
lines of railroad are now under construction in northern Texas. Many 
of these are extensions of east cm lines, and three arc links in the trans- 
continental system. Texas, with its internal resources and its immense 
prairies, is destined to become a great railroad State, and affords favorable 
opportunities for investment to all capitalists. The Central road is 
already in working order between Dallas and White Rock, and will be 
completed to the Red river by January 1st. Large consignments of bar 
aud plate railroad lion have recently been received at Galveston. 

Railroad Assessment. 

The Board of Equalization at Sacramento has reduced the assessment 
of the Central Railway on locomotives in this State from §143,700 to 
$125,760; on personal property, §50,000; on 41 miles of track, from 
¥14,000 to $10,000 per mile ; on the Sacramento Valley Road track, from 
$7,000 per mile to §0,000. 

Australian Wheat Statistics. 

The official statistics of the wheat product of South Australia for 1871- 
'72, compared with 1870-71, show an increased area under cultivation of 
87,749 acres, with a decrease in product of 2,904,085 bushels, and a de- 
crease in average of 5 bushels 40 lbs. per acre. The average yield per 
acre for 1869-'70. was 5 bushels 45 lbs ; for 1870-'71, 11 bushels 30 lbs ; for 
1870-72, 5 bushels 44 lbs. The surplus for shipment, allowing for con- 
sumption and seed, this year will be 36,000 tons of flour, against 120,000 
tons forl870- 1 71. 

Utah Ores. 

A salt Lake dispatch of the 24th inst. says : " The reduction of freight 
on ores and bullion by the Union and Central Pacific Railroads is having 
a highly gratifying effect ou mining interests. An immense quantity o 
low-grade ores are now coming in for shipment, both east and west. 



L. 



T 



REMOVAL AND CHANGE OF AGENCY. 

he ptibEic jt re itivHevI to i:ilte ncttice tliftt lite A-Ann ItiMnrmiee Com- 
pany of Hartford, have removed from the corner of California and Leidesdorff 
Bu-eets, to the opposite side of California street. No. 14 Merchants' Exchange Build- 
ing'. Also, that tiiey have recently appointed the undersigned their General Agent 
for this Coast. All business of the Company will he attended to at their new loca- 
tion, by the newly appointed General Agent. The old JSfcna lias cash assets of 
$5,052,8^0, and an experience of Fifty Tears in the fire insurance business. 

GEO. C. BOAKDMAN, General Agent. 
"Wm. Macdonald, Agent. Nov. 21. 



OUR Ml N E S . 

Pioohe. 

The dispatch from Ploche mine, SMth inst., states: '"The bee <f thu 
drift (80 root) of the Ural 1< vol bus ore three and one-half feet wide which 
assiivf .<;oo; the north winze is down sixteen feet, showing ore two and 
one-half feet wide, assaying 9340 ; the south winze ta down twenty-se?en 

feet; the ore iu the bottom, two feet wide, is Qrat-claflS. 11 



Crown Point. 
A dispatch from L. Goodwin, of the 33d, says : " The cave is no worse 
than Mr. Kellogg reported. Will not lose one pound of ore. Everything 
is being secured as we go along, and we are supplying the mills with ore 

as 06084." 

Savage. 

Ore extracted in the week ending Joly '-20th, 1,087 tons; average assay 
value of ore, $37 51. 

Scene in a Utah Court. 

The Salt Lake Herald, gives an account of the scene in the United 
States District Court, Judge McKcon presiding, during the trial of the 
suit of the Emma Mining Company against the Illinois Tunnel Company. 
The Bierald says : " Almost from the opening of the case down to its 
very close it was one continued scene of billingsgate, blackguardism and 
personal abuse, disgraceful to the actors aud bringing contempt upou the 
Court. Mr. Park was permitted to conduct his cause with the character- 
istics of a bully and a bruiser, aud the door being thus opened, Mr. 
Joselyn entered, and, with eyes upraised to heaven, the perspiration 
streaming from bis brow, eollarless, shirtless for all we know, poured out 
in a voice that would have drowned heaven's artillery his anathemas on 
the opposing counsel. He said he was familiar with the record of Stewart 
and Park, denouncing the one as the ' manipulator of the Comstock 
lode," l to rob and defraud honest miners, their wives and children ;* 
while the other he pronounced the ' manipulator of the Mariposa Grant,* 
by which 'he robbed and defrauded everybody that touched it.' Then 
looking at Park, he said : ' You know that I know what your affidavits 
cost, and that we paid Professor Silliiuan $45,000 for his report, because I 
was with you in it at the time, and you told me l the money must be paid 
him. Wc must have the mine; it is one of the best stock-jobbing mines 
in the world.' " 

Judge McKean granted the injunction asked for by the Emma Com- 
pany. It restrains the defendants (the Illinois Company) from entering 
upon any portion of the premises described in the bill of complaint, viz: 
3,400 feet of vein or lode known as the u Emma lode," commencing at 
discovery shaft, known as Woodman shaft, and running easterly from it 
1,000 feet, and from thence (the said shaft) westerly 800 feet ; embracing 
in said 3,400 feet all the dips, spurs, angles and variations. The defend- 
ants are also enjoined from entering upon any of the mining works made 
by plaintiffs or themselves, and from mining or extracting ore from any 
portion of said premises, and from removing ores from the premises 
already extracted ; also, from preventing or interfering with free ingress 
or egress to the works in question by plaintills, into or upon any of the 
mining works, drifts, tunnels, winzes and chambers made or to be made 
by plaintills upon said premises for the purpose of mining and working 
the same. 

The Specnlative Mania in London. 

A London correspondent writes: "There seems to be some indica- 
tions that we have reached the zenith of tly3 present high state of pros- 
perity. Six years ago we were at the lowcs*t ebb. Since then the tide 
has flowed, aud we are now at the top of the flood. Even human credu- 
lity has its limit, and the most gullible section of the public can hardly be 
expected to swallow some of the schemes which arc now offered to it. 
Yet no effort is spared to induce them to rise to the bait. The great 
thing is to induce M. P.'s to become Directors in rotten schemes. In one 
instance which has come to my knowledge, a country Baronet, formerly 
representing a southern county, was offered £500 a year if he would thus 
lend his name to a concern of this kind. As it was a mining speculation 
and he knew nothing of mining, he very justly concluded that it was not 
his experience which was wanted to manage the business, but his influ- 
ence to dceoy investors, and he simply put the offer iu the fire. In 
another instance a less extravagant proposal was entertained by an M. P.; 
contrary to the advice of his clear-sighted friends he became a Director. 
The affair was kept going a sufficiently long time for him to congratulate 
himself and all his friends on haying acquired a mountain of solid silver. 
But at last the inevitable collapse came. The affair was an entire swindle, 
and then he learnt with bitter mortification how the servant maids in his 
neighborhood had invested all their savings in it on the strength of his 
connectionwith it." 



C, J?. U- E\r. 



Commencing Monday, July 22d, 1872, aud until further notice, Trains 

and Boats will leave San Francisco 

AA A. M. Overland Express Train for Sacramento, Marysvillc, Red Bluff, 
• V/U Colfax. Reno. Ocden and Omaha. 



3.00 



Colfax, Reno, Option and Omaha. 

P. M. San Jose Pas9enger Train, stopping at all Way Stations. 



A 00 p - M ' * PaBB enger Train for Stockton, Merced and Sacramento. 

fi OA P. M. Overland Emigrant Train— Through Freight and Accommodation. 

nnni, M. Steamer New World (from Broadway Wharf), connecting at Val- 

i .OU l ejo with Trains of California Pacific Railroad. 

AA p M. *Sacramento Steamer (from Broadway Wharf), connecting at Val- 
• UVJ j e jo with Trains of Califurnia Pacific Railroad. __ 

2AAP M. *Steamer Antelope (from Broadway Wharf), connecting at Donaone 
.\J\J with Trains of S. F. & N. Pacific Railroad. 

AA A M. Excursion Boat (Sundays only) from Broadway Wharf, connecting 

.v)U with Special Train of S. F. & N. P. R. R. for Cloverdale and intermediate 
points, returning to San F rancisco by 7:00 P.M. 

OAKLAND BRANCH— Leave San Francisco, 7:00, 8:10, 9:20, 10:10 and 11:20 
A M 18-10, 1:50, 3:00, 4:00, 5:15, 6:30, 8:15, 0:20 and *11;30 P.M. (9:20, 11:20 and 3:00 
to Oakland only. Leave Brooklyn. *5:30, 6:40, 7:50, 9:00 and 11:00 a.m., 1:30, 2:40, 
4-55 6- 10 755 and 10:10 p.m. Leave Oakland, »5:40, 0:50, 8:00, 9:10, 10:00 and 
11:10 A.M., 12:00, 1:40, 2:50, 3:50, 5:05, (i:20, 8:05 and 10:20 P.M. 

ALAMEDA BRANCH— Leave San Fkancisco, 7:20, 9:00 and 11:15 a.m., 1:30, 
400, 5:30 and 7:00 P.M. (7:20, 11:15 and 5:30 to Frnit Vale only. 

Leave Haywards, *3:45, 7:00 and 10:45 a.m., and 3:30 p.m. 

Leave Fruit Vale, *4:40, 7:35, 9:00 and 11:20 a.m., 1:30, 4:05 and 5:30 P.M. 

♦Except Sundays. A. N. TOWNE, General Superintendent. 

T. H. Goodman, General Passenger and Ticket Agent. May 18. 



c 



THE MEKCHANTS' EXCHANGE BANK OF SAN FKANCISCO. 
ipital Slock, One Million Dollars- I.evi Stevens, Pi-csident 1 ». 

N. Van Brunt, Cashier. Banking House, 415 Caliiornia street. 



July 2. 



THE DAILY FINANCIAL POSTSCRIPT. July 25. 



THIS BANK OF CALIFORNIA. 

S-A.3ST FRAWOISCO. 



Capital, - - - " - $5,000,000 

D. 0. MILLS, President. I W. C. RALSTON, Cashier. 

AGENTS: 

111 New York, Messrs. Lees and Waller; in Boston, Treinont 

National Bank; in London, Oriental Bank Corporation. 

B3f~ The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
of the Pacific Coast. 

InSttora of ©p®€li Isg»®€f 

Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan and Australia. 

Exchange ffcr Sale on all the Atlantic Cities. 

i>:ra.w direct oiv 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frankfort-on-the-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AMP SAM FRANCISCO BAMK 

LIMITED. 

With which has been consolidated the business of 

I^4JEtJEt,OTT «fc OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 



Capital, - - 83,000,0 00. Re serve Fuxxd, 8300,000 

Of which §3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

SftAJV FRANCISCO OFFICE, 433 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodeivald, Esq., Chairman; H. L. Bischoffsheim, Esq. (MessTS. Bischoflsheim & Goldsehmidt) ; J. F. Flemrnich, Esq. (Messrs. F. Hutb 

& Co.) ; E. H. Green, Esq. (Messrs. Russell and Sturgis, of Manila) ; Julius May, Esq. (of San Francisco), Frankfort-on-the-Main ; 

J. S. Morgan, Esq. (Messrs. J. S. Morgan & Co.) ; Baron H. de Stern (Messrs. Stern Brothers) ; Rudolph 

Sulzbach, Esq. (Messrs. Sulzbach Brothers), Frankfort-on-the-Main. 

Manager in London : - - - R. D. PEEBLES, Esq. 

Presides! is Sas Frasciscoj If 1LTQM 8 

Assistant Manager (San Francisco), C AMILO MARTIN. Cashier (San Francisco), - • ARTHUR SCRIVENER. 
Accountant, ........... ALFRED BANNISTER. 

The Bank is prepared to transact all kinds of General Banking and Exchange Business, in London and San Francisco, and between said Cities and all parts of the 
world. The San Francisco Office is aathorized to draw Bills of Exchange or issue Letters of Credit upon either of the under-named Founders and Proprietors of the 
Bauk, or (at the option of the buyer) upon the following Houses, with whom the Bank has established credits, viz: LONDON— The London Joint Stock Bank, No. 5 
Princess Street ; Messrs. Bischoffsheim, Goldsehmidt & Co.; Messrs. Frukling & Goschen ; Messrs. Frederick Hath & Co.; Messrs. J. S. Morgan & Co. (successors to 
Messrs. George Peabody & Co.) ; MesBrs. Stern Brothers. NEW YORK CITY— Messrs. Drcxcl, Morgan & Co., 63 Exchange Place. BOSTON— Third National Bonk. 
PHILADELPHIA— Messrs. Droxel & Co. PARIS— Drexel & Co.; Bischoffsheim. Goldsehmidt & Co.; Messrs. A. J. Stern & Co. FRANKFORT-ON-THE-MAIN -Mr. 
GebruckT Sulzbach ; A. J. Stern &, Co. GERMANY— Bank of Saxe Meiningen. AMSTERDAM— Banoue do Credit and Depot des Pays Bus. ANTWERP— Nottebolm 
Brothers; F.R. Bischoffsheim. HAMBURG— John Berenberg, Gossler & Co. BERLIN— Deutsche Bank Actien Gesellschaft. GENOA— Dapples & Co. NAPLES 
and FLORENCE— Anglo-Italian Bank. VALPARAISO and LIMA— Fred. Hnth, Gruning & Co. MANILA— Russell S: Sturgis. CHINA and JAPAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Australia; Bank of New South Wales. IRELAND— Provincial Bank of Ireland, 
and all its branches, viz : Dublin, Cork, Limerick, Clonmcl, Londonderry, Sligo, Wexford, Belfast, Waterford, Galway, Araiagh, Athlone, Coleraine, Kilkenny, Ballina, 
Traiee, Youghal, Enniskillen, Monaghan, Banbridge^Ballvmena, Parsonstown, Cavan, Omagh, Dungannon, Bandon, Eunis, Ballyshannon, Strabanc, Dungarvan, Mal- 
low, Cootehill, Kilrush, Skibbereen, Ennischorthy, Fermoy, Newry, Drogheda, Nenagh, Templemore, Carrick-on-Suir, CarricU-on-Shannon, Cloghecn, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID TO SELLING CALIFORNIA SECURITIES IN EUROPE. 

Collections, Purchases of Real Estate and Mining Shares, and Investments of all kinds in California. 

MILTON S. LATHAM, President. 



BEN. HOLL^DAY, President, 

San IrrajiciseO' 

WM, NORRIS, Vice-President, San Prancisco; HOLLADAT & BRENHAM, General Agents, San Francisco. 
Dispatch Steamers to the tollOTving: plaees. 

MoTtliesn Eouie: 
Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 



Santa Cruz, Monterey, San Simeon, San Louis Obispo, Santa Barbara, Eos Angeles, Anaheim, San Diego, Etc., Etc. 

HKestoaa Bo«ie» Steames evesy Posty Day® s 

Cape St. Lncas, Mazatlan, San Bias, Gnaymas, and La Paz. 

OFFICE ; 217 Sansome Street, San Francisco. 

The Premium Shirt Meker, Mrs. EVELINE MORRIS, 526 Kearny Street 



Subscriber* in Advance to the Financial Postscript can have their Copies MrUl mI Froo from the Office of Publication. 



Price, tingle copT, 3 cents ; per Week, 
33 cents : per Annum, including Postago 
to an? part of the world. Twelve Dol- 
lars. Printed and Published by Ftedorick 
Marriott, No. 633 Montgomery Street, 
San Francisco. California. 



mn 



Dtlivcrcd immediately on thf arrival of 

the mails in New Yor:;. L' 
Paris. Hamburg, Frankfort. Berlin, 2uci, 
hi.. Hong- 
kong, Mc'bourno. Auckland. Sydney and 
Islands of iho Pacific Ocean. 









Ifitabli 


sled July 20, 


1856. J 


















Dispatched Unity by 


the 


Mails to every Monetary an 


(1 Con 


menial 


Center 


throughout 


the 


}) 


orld 




Vol. 1. 




SAN FRANOISCO, 


PEIDAY, 


JULY 


26, 


1872. 










No. 


4 



OFllCi: i)F FINANCIAL rosTscniPT, 

s,in Francisco., Ji M.. July Hi. 1872. 

BULLION, MONEY AND EXCHANCE. 

&0LD BARS, 860 to 70. Silver Bars 1 1-4 Discount Treasury Notes 
are selling at 87 1-4 to 87 3-4. Mexican Dollars, from 8 to 8 1-2 
premium. 

EXCHANGE OS N. YORK, 1-2 Currency, 13 1-4 per cent. prem. for Gold; 
per cent. On London : Bankers, 49; Commercial, 49 1-2 ; Paris: Sf. 
per dollar. Telegrams, 3-4. 

PRICE OF MONEY HERE, 1 to 1 1-4 per cent per month— Bank rate. 
In the open market. 1 to 1 1-2 per cent- per month. The demand is is 
active. 



LATEST TELECRAPHIC NEWS. 



loxdox. JULY SIS. 

Consols, MX for Money; for Ac-I lliv'pjoi WheatMarket, lis. 9d.@12s. 

count. Ill/nited States 5-20 Bonds, si 1 ,. 

JE»' YOJIK, JULY SG. 



Gold opened :it 114£ ; 11 a.m. at 114' a : 
Sterling Exchange, lao.W.IMH*. 
Hour, — . 
Pacific Mail, 75?;. 
Pork. Sl::'.f, l-.'-„. 

Oil, Sperm, omet, $1.8S@$1.40; Win- 
ter Bleached, tl68@S1.68; Whale, 
firm. 70@160c. ; Winter Bleached, 
Ttxr, 7.-.. 

Hides, qniet,98X@Sf!tfc; sa]tcd.l2©12J< 



United States Bonds — Five-twenties of 
1802,115s;; 1807, llSf.,. 

Wheat, — 
Barley, — 
Quicksilver Mining Company, 42. 

Cotton, quiet, 22c. 

Wool, Spring, fine, 88@46c; Burn', 30(^ 

35c.; railed, Mr, me.; Fall Clips, 32® 

37c. Burry, 20®25c. 



SALES OF STOCKS THIS DAY. 



SHARKS. 

Ophir 2il0 

Do 100 

Gould & Curry... 100 

Savage 550 

Do 20 

Do 20 

Do 10 

Chollar 60 

Do 4° 

Bjst and Belcher... 25 
Hale & Norcross... ISO 

Do 10 

Do 25 

Do 20 

Crown Point 100 

Do W 

Yellow Jacket 200 

Do HO 

Imperial 1355 

Empire 890 

Do 10" 

Do 50 

Alpha 185 

Kentuck 5 

Con.G.H.Qz 50 

Belcher 5 

Confidence 625 

Cons. Virginia 250 



LOW. HIGH. 

52 53 

.... D80 54 

202!f 205 

180 185 

.... M0 100 

.... b5135 

.... 03 185 

113 114 

.... 1>30115.Y 

8 

93« 95 

.... b30 97 

94 1)5 95 

.... b8 94 

157X 159 

.... 1)30 101 

16234 153 

156 b30 157 

14« 14X 

10 10>.,' 

.... T>30 IKJi 

blO 16tf 

60 69 

300 
6X 6»i 

1070 
12,M 12?j' 
41 



ck and Exchange Board* 


s 


IAHES. 


LOW. HIGH. 


Sierra Nevada... 


.495 


17>£ 18 


Do. 


.100 


.... b30 1SX 


Do 


. 50 


.... b5 18 


Exchequer 


.125 


19 20 


Do 


. 20 


.... bSO 20 


Do 


. 50 


.... b3 20 


Daney 


.175 


2 




.125 


112X 115 




. 00 


92X 93 






5;»- 




. 10 


6« 




.415 


65 66 


Do 




07 b30 67><f 


Knickerbocker... 


800 


834 9 


Arizona and Utah 


. 20 


2 


Globe 


.100 


m 




. 90 


2% 3 




. 20 


7734 80 




. 25 


13 


Bait. American.. 


.100 


UK i% 




. 05 


9>.r 10 


Silver Hill 


. 70 


7?i 




.920 


14 14JC 


Do 


.100 


.... b3 143f 




. 20 


15 




.410 


5'„' 






3 



At the California Stock Exchange Board. 



snARES. LOW. 



Amelia 200 

Arizona & Utah — 50 
American Flag — 100 
Gold Hill Quartz 
Hale & Norcross. 

Imperial 

Do 

Julia 

Meadow Valley. 

Norman 

Overman 10 

Ophir 70 



2& 
2K 
20 
<■•'„ 
.00 
... b.30 14 
14 
631 
17 
35c 
.... bo 92 
52« 57 



SHARES. LOW. 



Pea Vine 220 

Pioche 35 

Do 10 

Phmnix 200 

Do 100 

Prussian Hill 45 

Savage 10 

Revenue Cons 80 

Sierra Nevada 170 

Succor 50 

Sterling 50 

South Chariot 50 



17X 



HIGH. 

65c 
33 
b30 35 

8tf 

b30 33,1 

2« 

185 

63f 

18 

5.« 

75c 

b5 3% 



YESTERDAY AFTERNOON SALES 

At the San Francisco Stock and Exchange Board. 



SHARE* 

Alps 966 

AmsricanFIag — 765 

Do 100 

Belmont 310 

Bellevuo 50 

Bowers 200 

Condor 200 

Caledonia 155 

Crown Point 10 

Do 10 

Confidence 290 

Do 100 

Eureka Cons 170 

Do 200 

Excelsior 100 

Eclipso 755 

Empire 399 

Golden Chariot.... 100 
Do .... 20 

Hnhn&Hunt 420 

Hale & Norcross. . . 80 
Imperial 1185 

Do 150 

Ida Elmore 205 

Do 40 



. LOW. 


HIGH. 




3K 


90 


21 


.... MO 21 


8 


S'. 




s« 




23f 


4 


*H 


«5 


65X 




155 


.... b30 156 


12 


YIH 


.... b30 12tf 


93 


93K 


b30 S3# 


24 




1A& 


13 


14 


15 


15H 


133*' 


14 




b5 14 


3X 


sx 




95 


13» 


I43i 


b30 14« 


14?i 


16 


19 



b:J0 19X 



SHARES. 

Iugomar 435 

Knickerbocker 265 

Do 200 

Mammoth 50 

Minnesota 100 

Mahogany 100 

Do 100 

Meadow Valley — 585 

Do 50 

Newark 50 

0, H. Treasure 165 

Do .... 50 

Pbmnix 200 

Pioche 1360 

Do 50 

Page & Panaca — 100 
Raymond & Ely... 70 

South Chariot 50 

Seg. Belcher 40 

Do 30 

Star Con 100 

Silver Wave 100 

Trench 100 

Waeh'ton & Creole.280 



nioii. 

5* 

9 

b30 »H 

50c 

2X 

19X 

D30 20X 

17,V 

b.30 17Jf 

23< 



V4 
.. 1j30 



8 
S 
33.' 
32X 
hlO 29 



144.V 145 
3.%' 
115 117 

.... b30 17,VT 
1* 



43sf 



15 

43. 



At the California Stock Exchange Board. 



SHARES. 

Alpha 5 

Amazon 50 

Arizona and Utah . . 100 
Bait. American — 100 

Bowery 10 

Do 100 

Caledonia 10 

Eureka Cons 20 

Golden Chariot .... 10 

Imperial SO 

Do 40 

Ingomar 110 

Louise 700 

Meadow Valley — 35 



HIGH. 

57 
2 

1?*' 
l;« 
23; 
b3 2% 
64X 
28« 
15 
14 
b3 13 

; 2« 

2 

: nx 



SHARES. LOW. 



Norman 100 

Orient 100 

Ophir 15 

Pea Vine 700 

Newark 50 

Raymond &Ely... 5 

Savage 50 

Do 30 

Sierra Nevada 50 

Revenue Con 150 

Woodville 50 

Yellow Jacket 20 

Do 10 



47« 



25c 
9* 



70c 



181% 



146 

les.v 

b3 187# 

18 

6 

5 

151 

blO 152 



REAL ESTATE TRANSACTIONS. 



Wednesday, July 24th. 



Bay View H'd toMargMcCaffery. 
Maria C Jooat to Fabian Joost. . . 



1st Cong. Soc'y to L B Boncbley . . 
The Associates to Gottlieb Beer. . . 

Louis Chelz to Emil Grisar 

Fred k L Castle to Mich'l Castle . . . 
Tide Land Com'rs to .1 Kleinhotis. 
S F Sinclair to James Rush 



29tb av aud H n cor, 225x100 

Howard and 3d s cor, sw 25, etc; also 
Howard and 4th e cor, 80x37:0; also. 
11th aud Mission u cor, 30x75; also, 
Mission ne 11th, 50x75 

Cal'aand Dnpont sw cor, 68:9x100 

Ellis and Beiciemann, 75x30 

Battery s Vallejo, 77:6x35 

Polk and Ellis necor, 100x00 .. 

Lots 6 and 7 blk S60 

Rhode Island s Yolo, 25x100 



$1,500 



10,5 

25,000 

750 

I 500 

8,000 

80 

50 



In London, on the 6th inst., Central Pacific and California 1st mortgage 

bonds (4s. Gd. paid) were quoted at 82@84. Panama General Mortgage (sterling), 
8S©89. Union Pacific Land Grand 1st mortgage bonds (all paid), 06^68 ; ditto 
Omaha bridge, 100@I02. Panama shares, 112X- 



In the Third District Conrt yesterday, John Currcy brought snit against D. 

W. Perley to recover $651 on a promissory note, with interest at two per cent, per 
month, from September 5, 1S67 ; nlso, $736 60 damages for defendant's failure to 
pay for forty shares of stock of the Enterprise mining stock, purchased by plain- 
till' on the order of the defendant. 

The capital stock of the Belcher Miuing Company was yesterday increased 

from $1,040,000 to $10,400,000. 

— The certificate of increase of stock of the Del Rey Silver Mining Company- 
was filed yesterday. The capital stock is increased to $3,000,000. 



THE DAILY FINANCIAL POSTSCRIPT 



July 26. 



OFFICE OF FINANCIAL FOSTSCRIFT, 

San Francisco, 12 M.,July 3G, 1872. 

The Cost of the Public Schools. 
The Board of Education for the city of San Francisco have presented 
to the Board of Supervisors their estimate of the cost of the school de- 
partment for the year 1872— 3. The estimated current expenses are placed 
at $633,000, »f which §400,000 is for salaries and the balance for inci 
dentals, such as repairs to buildings, furniture, etc. The Board also sub- 
mit a lisl of uew school buildings required to accommodate the number 
of pupils which, they believe, would attend the e schools, with an estimate 
of their cost, aggregating £357,000. The Board thus represent that a 
total appropriation this year of very nearly one million dollars i? demanded 
by the interests of the department. The public schools of San Francisco 
have long been a subject of just pride to our citizens; perhaps they have 
been in sonic measure our pet extravagance; whatever money has been 
asked by zealous school officers has beengiveu; costly buildings have 
been erected in various parts of the city; and yet, ufter all this expend- 
iture, the public is informed that some thousands of children remain mi- 
provided with school accommodation. One million dollars is asked for 
the disbursements of a single year. This bald statement of the case 
arrics the necessary implication that there has been something wrong 
about the money administration of this department. The interests of 
public education and the rights of tax-payers demand that the exact 
nature of this wrong should he ascertained and eradicated from the system. 
The school statistics of the principal cities of the United States indicate 
that San Francisco has been the most liberal of all (with perhaps one ex- 
ception), in proportion to population, in its appropriations for school 
purposes. If it be true, as we are now told, that a large population is 
without school accommodation, the conclusion that the appropriations 
have been injudiciously expended becomes a probable one. The number 
of pupils in attendance is given at 18,271 • the mere current expenses of 
the department, stated at $623,000, are thus seen to be nearly $35 per 
pupil— a tu;n one-half larger than the average cost in the six largest 
Eastern cities. Is this showing satisfactory? The true interests of the 
school department — of the cause of popular educatiou in California — will 
be served if some competent friend to both will give the public a little 
real light as to the needs of the department, in doing which a first step 
shall be a candid explanation of the failure of past generous appropria- 
tions to secure the object for which they were made. Let it also be ex- 
plained why the cost of public school instruction in San Francisco should 
be one-half greater than it is in other cities where the e peuses of living 
are greater than they arc here. An explicit answer to these questions 
should avail to indicate the directions in which to seek to apply reform ; 
and as the matter is one of business management, it is to be hoped that 
such an answer, free from unnecessary rhetoric, may be addressed to the 
business men who pay the taxes which have been palpably misappli d. 



Railroad Policy of California. 

A citizen of California who has been studying the railroad systems of 
the Eastern States, writes from New York to express an opinion as to the 
policy to be pursued by this State in reference to the railroad questions 
which have lately engaged the public mind. He says : "The one solu- 
tion of the railway problem iu California is: Competition in railroad 
building and management, healthful rivalry in railroad business, generous 
encouragement of legitimate railroad enterprises. The way to break 
railroad monopoly is, not to fight it factiously, but to enter the field 
agaiust it and compete with it for the business. It will cost millions to 
do this, but it would be money well invested, uuder prudent and intel- 
ligent management. Will the rich men of San Francisco see this oppor- 
tunity and embrace it?" These words correctly indicate the idea which 
6hould be kept in view — Competition. California can effectively promote 
competition by building her own railroad to meet the prospective com- 
peting roads coming from the East. The " rich men of San Francisco," 
alluded to by the correspondent, and no,t the rich only, but citizens of 
moderate means as well, have shown themselves alive to their "oppor- 
tunity" and prepared to embrace it. Nor is there any reason to doubt 
that the community in its collective capacity is prepared to give to any 
"legitimate railroad enterprise 1 ' generous encouragement in a substan- 
tial and effective form. We do not share the apprehension expressed 
by some that the benefit of such assistance is in danger of being lost 
through the rivalries of conflicting railroad projects. These, so far as 
the public interest is concerned, have the one common end of establish- 
ing connection with any roads that may be pushed forward from the 
East. Both the public spirit and the practical business discernment of 
the citizens who are identified with these projects may, we believe, be 
relied upon to induce them to compromise diverse personal preferences 
and predilections, and to harmonize for the. common good. It would be 
nnjust that the public should suffer from controversies not of its making, 
nor for which is it responsible. 

The French Atlantic Telegraph Company has declared a dividend 

of 2 per cent, for the quarter ending June 30th. The Anglo-American 
Telegraph Company (Limited) will^pay the usual interim dividend of 2 
per cent, for the quarter ending June 30th, on and after August 1st. The 
directors of the Telegraph Construction and Maintenance Company (Lim- 
ited) announce the proposed payment of an ad-interim dividend of 12s 
per share. 

The demand for money for duties has been this week, §185,212 16; pre 
viously, §4,204,887 02. Total, §4,450,159 78. Last year, to this date, 
13,866,072 03. Increase, §564,037 75. 



The New Assessment Law. 

In answer to questions submitted by the San Francisco Board of Super- 
visors, sitting as a Board of Equalization, W. C. Burnett, Esq., City and. 
County Attorney, explains the new law of assessment and equalization to 
be as follows; First — The Board of Equalization can revise the assess- 
ment made by the County Assessor in all cases except one. That ease is 
where the Assessor, after serving notice upon a property owner, person- 
ally, to make a sworn iuventory of his estate, and after the owner's failure 
to do so (which must be noted at the time ou the Assessor's record), 
shall then have made an estimate of the value of the property of such per- 
son. When these steps have been taken, the Assessor's estimate must 
stand. Second— The Board ha* not power to strike out assessments made 
upon mortgages executed in favor ot savings banks. Thivd— The Board 
has not power to strike out the assessment upon the lots sold for account 
of the city by the City Hall Commissioners, and on which one-fourth only 
of the purc'hase money has been paid. The Tax Collector must (unless 
restrained by the courts) sell these lots for the amouut of the tax now 
levied, and a good title (the city's title) will pass to the purchaser, not' 
withstanding that the city's property is exempt from taxation. There- 
fore, it is the duty of the executive arm of the city government to pre- 
vent Buch tax sale. Fourth— The Board cannot strike out the assessment 
on the tide lands sold for accouut of the State, and on which a partial 
payment only has been made. But a purchaser at tax sale would *ake 
nothing by his purchase, because the law provides that the State's title 
shall in no ease pass by tax sale. This exception is not made as to the 
city's title. Firth — The Board has not power to deduct the indebtedness 
of an individual from his property valuation, as returned by the Assessor, 
Sixth — Solvent mortgage debts due a National gold bank are asscssal le. 

It is probable that the savings bauks will contest the validity of the law 
as construed by the City and County Attorney. The officers of some of 
these institutions have stated to us that they favor a combination for that 
purpose. 

Mining Profits-- First Quarter. 

Following is a statement of mining assessments and dividends paid 
during the past three months by the leading claims in Nevada: 

May. .Tune. July. 

Dividends paid §1,067,000 |£S2,000 t8.i2.O0O 

Assessments due 351,750 220.850 278,700 



Credit of stockholder? $715,250 $601,150 $578,809 

The Belcher, Crown Foiut and Raymond & Ely paid dividends in each 
of the three months. The Meadow Valley paid in May and June, but not 
in July. The Yule Gravel paid in May, but not since. The Keystone 
Quartz and Pioehe paid in July, but not in May or June. Eleven mining 
companies collected assessments in May, fifteen in June and fifteen in 
July. The assessments in May and July were about 33 per cent, of the 
divideuds, while in June they were about 25 per cent. 



Trustees of mining companies have been elected as follows: Cala- 
veras Gold and Silver Mining Company — B. F. Tuttle, J. S. Niswander, 
G. W. Osborn, James Palache and George Congdon. The last named 
gentleman was chosen President; T. B. Wiugard, Secretary; William M. 
Donnell, Superintendent. The same officers were also elected for the 
Mammoth Grove Mining Company. Eclipse, Winters- and Plato Consol- 
idated Mining Company— H. H. Flagg (President), F. Locan, S. Green- 
baum, George Treat and Edward F. Stone, Trustees ; Joseph Marks, Sec- 
retary. Stanford Mining Company — James Dods, A. N. Towne, Thomas 
Comins, S. A. Raymond and A. F. Fletcher. Trustees. Julian Gold Min- 
ing Company— George D. Roberts, J. W. Gashwiler, Thomas J. Poulterer, 
D. F. Verdcnal, W. H. V. Crouise, Trustees. Pictou Mining Company — 
A. P. Forbes (President), H. H. Flagg and E. Skcrritt, Trustees ; S. Phil- 
lips, Secretary. Silver Lick Consolidated Mining Company — Alpheus 
Bull (President), JohnO. Earl and Daniel B. Blair, Trustees; A. K. Dur- 
brow, Secretary. 

Statistics have been compiled, from which it appears that during 

the first four months of 1873 the amount of money fought to be raised 
for uew loans, bauks and industrial undertakings brought out in England, 
America and the continent was about £100,000,000. 



The London Bullion Market, 

London, July 6, 1872. — Gold has been in good demand the last two 
days, and as there was not enough on hand to supply the order for Ger- 
many, the sum of £493,000 was withdrawn from the Bank ; further 
amounts will be sent away, but the imports from America and elsewhere 
are expected to be very large. 

Silver is in better demand for the Continent, and the price has im- 
proved to 60 l-8d. per oz. standard. We have received about £27,500 dur- 
ing the week from New York. The export of silver from Southampton 
to India, China and the Straits, for the week ending July 4, 1S72, is as fol- 
lows: Iudia, £2,794,027; China, £497, 704; Straits, £258,817; total, £3,- 
550,548. 

Mexican Dollars arc in good demand, but the supply has been so small 
during the week that transactions have been merely nominal. The Mas- 
silia has taken £22,450 to China and Japan. 

Exchange on India for Bank Drafts at 60 days' sight is Is. 10 11-lGd. per 
rupee. 

Quotations for Bullion.— Gold — Bar gold, 77s. 9d. per oz. standard; 
bar gold, fine, 77s. 9d. per oz. standard, last price; bar gold, re fin able, 
77s. lid. per oz. standard, last price. South American dubloons, 73s. 9d. 
per oz. United States gold coin, 76s. 3d. per oz., none here. Silver— Bar 
silver, fine, 5s. 01-8d. per oz. standard; bar silver, containing 5 grs. gold, 
5s. 01-2d. per oz. standard, last price; Fivo-franc pieces, 4s. 11 5-8d. peroz, i 



J i i.v 26, 



OF THE SAN FRANCISCO NEWS LETTER. 



OUR R A I LS. 

Railroad Work About Mission Say. 
The Central and Southern Pacific Companies haw, Blnce tin- beginning 
of the year, been al work Improving a portion of their property In Mia 
slon Bay, and that which thqy hare purchaaed convenient thereto. On 
the (reet tide ofFoorth street, between Townaend and Berry, are the new 
frehrbt denote of the Central Pacific Railroad. Tin- Brat one Is for re- 
ceiving tii*-' Freights la transit from the city. The building i> BO feel wide 
by tJOO fiit in length, to Fifth Btreet; and* on the opposite side of Fifth 
street ;i continuation >>i this depot is now In the course of con- 
s traction, 5tn> (oat fnrt her, making the whole length of the two structures 
1,800 feet Here Is seen a busy hive of carta and men. delivering goods 
f«-r shipment on the one aide and loading them Into the cars on the other 
side of the building. Next cornea the depot for receiving freighl coming 
nd and from the Interior. This structure is 75 feet wide, and ex- 
BOO Feel t«> Fifth street it is tin- Intention of the Company to add 
an additional SOO feet on the west Bide of Fifth street tu a section of 
toes depot, elevated b story above the rest, is located the Freight ollicc of 
the Company, from which a bridge or passage way is constructed over 
King Btreet, affording communication with the first named depot. The 
freight \r- discharged from the Incoming cars on the south side and deliv- 
ered to the carts on the north side. Here is another center of life and 
activity. All of these structures are on property purchased from private 
individuals hy Hie companies, ami are reached by a track laid along King 
street to the slip at the foot of Second street; to which point the cars 
are ferried by the steamer Thoroughfare to and Troiu the Oakland side of 
the Hay. The sixty acre grant of submerged land in Mission Bay lias 
been largely improved. On the cast side of Long Bridge, just north of 
the Y:tcht Ilouse, a depot BO feet wide by 400 feet long has been erected. 
Its foundation rests on piles, and it is reached by a track resting on piles 
and rock filling, and runuing northerly along the cast side of Kentucky 
Btreet, and bending westerly crosses Channel Btreet on anew draw-bridge 
to the main line on Kiiiii street On the southerly line of Channel street 
the whole length of a block has been piled and planked out to the east- 
erly limit o! the grant, and on which, facing the. water, a depot 60 feet 
wide by 500 feet long lias been erected, and the track runs directly into 
this structure. These two depots will, for the present, be used for gen- 
eral height and storage purposes. At this easterly limit of the grant the 
mud is barely covered with water at low tide, Numerous carts are en- 
gaged in hauling the rock and earth from the hills on Towusend street, 
and from the hills on the east side of the deep cut on Potrero Point, and 
filling in the Bay. A strip of about 100 feet wide ou the Potrero side has 
biym" tilled uearly to the Yacht House, and at this side about the size of 
an acre has been filled in nearly opposite the old draw-bridge. Making 
land here by rock tilling is very slow and expensive, as the mud is from 
forty to fifty feet deep, and it costs more to reclaim land here, so as to 
have a firm foundation for heavy structures, than it does to purchase 
solid ground in the improved portion of the city, The companies have 
already expended nearly $300,000 on this grant, and they have expended, 
nearly §100,000 this summer in improving the property purchased by 
them, in addition to the large sums they have paid out for the lands 
purchased. 

Atlantic and Pacific Terminal Railroad. 

A meeting of the subscribers to the stock of the Atlantic and Pacific 
railroad wa6 held yesterday afternoon, about twenty-five persons being 
present. Mr. R. G. Sneath called the meeting to order and stated that it 
was for the purpose of taking action to organize what might be termed 
the Atlantic and Pacific Terminal Road. The following resolution was 
adopted: "That a Committee, consisting of Messrs. Hayward, Sneath, 
MeRuer, Aldrich, Wheeler and Stern, is hereby appointed to prepare a 
certificate ef incorporation for and perfect the organization of a railroad 
company, in pursuance with the agreement made with the Atlantic and 
Pacific Railroad Company ; and that, in performing said duty, said Com- 
mittee is instructed to confer with tbe Committee appointed by the Ex- 
ecutive Committee of the Committee of One Hundred, and with the 
agent of the Atlantic aud Pacific Railroad Company, with a view to united 
action in the premises." J. C. Merrill was appointed temporary Treas- 
urer, to receive all amounts that may be paid in on the subscriptions 
already obtained. 

California Pacific Railroad. 

Leland Stanford, President of the Central Pacific Railroad, now an- 
nounces, says the Vallejo Vhronicle, that the break in the California Pa- 
cific Railroad, between Davisville aud Sacramento, will be repaired in 
time to put on trains for the State Fair. 

From Marysville it is stated that next week the work of repairing the 
California. Paeitic Railroad from that place to Yuba City will be com- 
menced, the timber for the work being already on the ground. 

California and Oregon Railroad. 

A new station has been opened on tbe Oregon branch of the Central 
Pacific Railroad, making 149 1-li. It is called Cana, and is 247 miles from 
San Francisco, and the last one opened on the line. 

OUR $JA IPS. 

Report of the Harbor Master. 

The Harbor Master has filed his report with the Board of Supervisors 
for the six months during which he has held the office, viz: from Decem- 
ber 3d, 1871, to June 30feh. The number of vessels arrived iu harbor is 
stated as follows : From Eastern ports, 36 vessels, 40,975 tons; from 
Australia and New South Wales, 33 vessels, 36,016 tons; from Brazil, 1 
vessel, 692 tons; from Central America, 23 vessels, 45,718 tons; from 
Chili, 6 vessels, 3,864 tous; from China, 14 vessels, 13,511 tons; from the 
East Indies, 15 vessels, 8,315 tons; from France, 6 vessels, 2,817 tons; 
from Germany, 3 vessels, 1,032 tons; from Great Britain, 28 vessels, 31,213 
tons; from Japan, 8 vessels, 29,364 tons; from Peru, 6 vessels, 1,890 tons; 
from Mexieo, 23 vessels, 8,457 tons; from Sandwich Islands, 22 vessels, 
16,218 tons; from Society Islands, 20 vessels, 3,094 tons; from Vancouver 
Island aud British Islands, 28 vessels, 23,270 ton; whalers, 2 vessels, 766 
tous. Total, 274 vessels, 267,141 tons. Coasting, 1,417 vessels, 302,108 
tons. 

The Hamburg-Bremen Fire Insurance Company, 

The exhibit of the affairs of the Hamburg-Bremen Fire Insurance Com- 
pany, as shown by the annual statement, is a satisfactory one. The capi- 
tal stock is §759,000 — §261,140 of which is paid up. The company has 
loaned on first-lien mortgages, $75,977 67; cash assets, $14,916 21; and 
stocks aud other securities to the amount of $201,913. The total amount 
received during the last year for premiums, less reinsurance, was $278,- 
522 95; and the aggregate receipts §311,028 77., while the total losses, in- 
cluded those disputed, were but $120,285 38. 



OUR Ml N E S . 

July AKnossmonts and Dividend**. 
Subjoined will befoond a balance sheet of the Ulnlng Companies for 
July. The first table ibows the taxes paid by stockholders this month, 
and tin- Becond table gives the returns to stockholders by dividend-pay- 
ing companies. The latter list contains two nut found in the June lift, 
namely, Keystone Quarts ami Ploche; but we miss the Meadow Valley 
and rule QraveJ this month. The delinquent assessment list is as follows: 



minim: &B8SBSH TS dbmn^'t EN JULY. 

Name. neiin'qt. PerSh. Am't. 

Alps July 20 

Arizona & Utah. July 10 

Bcllcvnc July 29 

Exchequer fitly 81 

Francis '..July 23 

(Jokicn Chariot. July 28 
Iltihn <S Hunt. .July 

Ingomnr July 15 

Kentuck July 1C 

K ii ickcrbocker. .J ti ly 3 
New York Con. July 22 

Newark July 22 

Overman Julv 18 

Star i <>itPol , d...July 29 
St. Patrick July 27 

Total $278,000 



*.w 


19,000 


so 


H.KII 


50 


•1,000 


3 50 


2S.000 


1 00 


111,000 


2 .50 


SS,000 


SO 


15,000 


25 


10,000 


10 00 


20,000 


1 00 


2-1,000 


50 


1K.000 


60 


n',,000 


4 00 


51,200 


25 


12,600 


3 00 


15.000 



The foregoing lint contains the names 
of fifteen companies. Other assessments 
may have been levied, but these are all 
within our knowledge. The dividend list 
\s as follows: 

MININU DIVIDENDS PAID IN JULY. 

Name. Paid. PerSb. Am't. 

Belcher July 10 $U) no $1 12,000 

Crown Point... July 12 3 00 
Keystone C^u'tz.July 10 

Pioche Jnly 10 

Kaymoud&ElyJuly 10 

Total 

The balance is in favor of stockholders: 
Dividends paid Mockh'ds July.. .$852,000 
Aesessm'ts p'd July by st'kh'ds.. 278,700 

To credit of stockholders $573,300 




Alpine. 

John F. Egan, Superintendent of the Alpine Mill and Mining Company 
writes under date of 24th inst. as follows : S l Have struck it in the Alpine 
very rich. Am now in five feet. There is no sign of the hanging wall 
yet. See gold in all the rock and some very thickly sprinkled. Rock 
looks and is undoubtedly the same as in the Phoenix Mine, Rock in 
stopes looks much better as I get nearer to where 1 had the rich rock In 
the tunnel. Both drifts running south are about the same." 

Imperial. 

The Territorial Enterprise understands that excellent ore has been struck 
in the Imperial on the l,G00-foot level. It is said that the ore is even 
richer than that lately found in the Empire in the level above. In conse- 
quence of this strike Alpha took a bound upward, and will probably go 
still higher, as when shares come to be considered it is by far the cheap- 
est stock in the Gold Hill section ol the Comstoek range. 

Pioche. 

The dispatch from the Pioche mine, 25th instant, states : " No change 
iu ore; drift, first level, in eighty-three feet; 6outh winze down twenty- 
eight feet, north winze eighteen feet. The new drift, fifty feet down the 
shaft, is in eighteen feet." (Signed.) Ross, Foreman. 

Savage. 

It is reported from Virginia tlrat "what was called the Savage fiasco is 
turning out to be a good development of paying ore." 

Crown Point. 

A dispatch from the Crown Point dated 25th, states : " Getting ahead 
on the 1,200-foot level very well; south winze magnificent; water receding, 
but still in last winze." 

Monthly Bank Statement* 

Following 1b a statement of the San Francisco City Banks for Jane, as returned 
to the Assessor of Internal Revenue, on a currency basis: 

Average Capital. Average Deposits. 

Bank of British Colombia. . . .'. $389,312 $94,119 

Bank of British North America 

Bank of California 2,777,777 5,400,408 

Belloc Freres.. 55,555 239,305 

Davidson, BerriA Co 111,111 272,030 

Donohne, Kelly & Co 194,441 635,731 

Farmers' and Mechanics' Bank 35,555 228,481 

German Savings and Loan 23,056 3,395,228 

Hentsch & Berton 22,222 54,079 

HickoxA Spear ■ 76,215 

Humboldt Savings and Loan 44,444 448,530 

London and San Francieo 555,555 2,051,556 

Masonic Savings Bank 3,333 513,576 

Merchants' Exchange Bank 222,222 100,000 

Odd Fellows' Savings Bank 3,480,099 

Pacific Bank 876,219 349,192 

San Francisco Savings Union 4,706,360 

Sather&Co 111,111 432,222 

Savings and Loan Society , 6,000,000 

Security Savings Bank 555,811 

Seligman, J. & Co 429,441. 

Sutro& Co 11,444 13,771 

Tallant&Co 99,737 559,557 

Wells, Fargo & Co 444,967 

Totals $5,633,097 $30,536,696 

No returns from the Bank of British North America. The retnrn of the Odd FeU 
lows' Savings Bank is for the six months. The French and Hibernia Banks will 
make semi-annual rctarnB next month. The interior banks in this district make 
the following returns to the Assessor on the same basis : 

Average Capital. Average Deposits. 

OaklandBankof Savings $313,560 $277,777 

Union Bunk of Savings 314,444 m & 

Bankof San Jose 218,056 311,388 

McLaughlin & Ryland, San Jose 106,111 212,889 

San Jose SavingB Bank 

"Farmers' and Merchants' Bank, Los Angeles 

Hellman & Temple, Los Angeles 'il'tt 

BankofGilroy.. 43,333 25,929 

Warden & Phillips, San Lais Obispo 21,730 13,000 

Totals $1,017,224 $1,207,857 

There were no returns from the two banks at Los Angeles, or the San Jose 
Savings Bank. _ 

A Tall Debt. 

A calculation has been made of the hight the bank notes would reach, 
if piled up, that were demanded by Prussia from France after the late 
war. One hundred bank notes of l,000fr. each, placed on one another, 
measure exactly one centimetre; consequently, if the number of bank 
notes necessary to pay the five milliards were erected into a colnmn, it 
would tower to tbe hight of 500 metres, or in English measurement 1,066 
feet and two-thirds. 



Till-: IU1I.Y FINANCIAL POSTSCRIPT. Jutx 26. 



THE BANK OF CALIFORNIA. 

S-A.KT FRAHTOISOO. 



Capital. .... - - $5,000,000 

D. 0. MILLS, President. I W, C. RALSTON, Cashier. 

A <.; E N TS: 

In \ow York, Messrs. Loos and Waller: in ltoston. Tromoiit 

\ntionnl Hank: in London. Oriental Hnnk Corporation. 

Whtt» Pb», tad CamsBButate at lU the prim-iml Mining DteWeto and Interior Towns 

KlMltM'S flf ClHMlil ISSIMMI, 

JoltadS ;ia, Chita, Japan and Australia. 

Exchange fcr Sale on all the Atlantic Cities. 

l»I«.V\v DIRKCT 0> 

". ■ 1. Molboumo, Yokohama, 

Shu 3 Bte. 

LONDON AND SAN FRANCISCO BANK 

IiIMTTSD. 
IVith trhich has btru MMNMiM th< dusi »<.<.< of 

PARROTT -A: <<>.. Bankers, 

&AJJ FRANCISCO. CALIFORNIA. 

Onpitfll, - - S5.000.000. Heser-^r© HT^ixxlcI, SSOO.OOO 

Capital, and will l>e tnerMsed .is the growth of the business requires. 
mn rnv\cisco OFFICK, !•-•:: cvi.u'OHM.v srrxUBSEZT. 
London Offices of the Hank. 2) OU) BROAD STREET, K. C. 

DIRECTORS: 

r«*frkV K ....... _.-s_ j- Uaia 

• . the-Maiu; 

v Messrs. J . S - 

S > Main. 

Manager in London: - - - R. D. PEEBLES. Esq. 

Secretary. - - . - JAMES M. STREETEtt. 

teat ia Sa& Fraadsco, 1£X£»TG£S S. 1 . . ^iLM< 

AoitUxt BtA«*««r S«m Ftutci<«« , CAMILO MARTDf. Coski« Saa Francisco . - - ARTHITR SCRIVENER 
Aeeoantaat. ........... ALFRED BAXXISTER. 



■ - .... . ... . ... - , -. ■ - _ ■ . 

... - - • ■ -s \ ... ;: 



ATTEKTTQf PATJ? TO SKLUS6 CALIFOBSIA SECTS™:! 5 3 ITT.OFI 

■.-tiaas. Purvis** of Real Estate ud Miming S*j»r*s. &md Investments of all kinds in California.. 

MILTON S. LATHAM, President. 

RTII PACIFIC TK A^POKTATIOX CO, 

151 :>. HOl.l^VlV.W. P*esd«lent 9 

San Francisco, 

TIC. XOSKIS. Tke-Pteafeat, S&a Franc 3AM. Geceisl AgecE. Saa Ftanana, 

V>i»piitol» Steamers to the follow iiiii" phioes. 

XoFtkers Route: 
Portland. Oregon: Sitka. Alaska; Eureka; CresentCity; Port Orford; Coos Bay; Umpqua River. 

Southern Route | 

Swta Qtmb, M^mfrr-v. S»m S>w<vm. S«t»» £«».* t>*i.<fK». S<trt*»» B>tr*«*r<». Las .Imgrlirs. J»ci»Ww, S*m I>t>yo. Etc 

Mexican *;esMae? every For. 

C"nv>o 8*1. Luens. >l:i/:itl:m. 5*^ni VJla*. Ciiuivmas. :iud Lit !?;» *. 

OFFICK ; 21? Sansome g»ireei. San Francisco. 

The Premium Shirt Maker, Mrs, EVELINE MORRIS, 526 Kearny Street 



/ 



Subscriber* in Advanco to tho Financial Pontacrlpt can have tbolr Coplot Mailed Free from tbo Office of Publication. 



Price nafiki copr. 3 cents ; per Week, 
25 cent*: per Annum, Includim: 
to anv part of tho world, Twehre LVI- 
Ur*. Printed and Published by FradertcJt 
Marnott, No. 623 Montgomery Street, 
Sad Franc i ko, California. 



fMC 

>PAI'LY 



Delivered immediately on the 

In Ht.\v Yuri:. Liverpool. London, 

■ 

A!< itanrinn, Yol-ohama. shanghai. Hong* 

koi g, M' '■ml. B] dttoy and 

Islands of the Pacific Ol 




> v. 

[Established July 20, 1856.) 



Dispatched Daily f>i/ the Mails to every Monetary and Commercial ('inter throughout the World* 



Vol. 1. 



SAN FRANCISCO, SATUEDAY, JULY 27, 1872. 



No. 



/ ( 



OFFICE OF FINANCIAL POSTSCRIPT, 

Sun Francisco, t'i M.. July 'i? , 187Z. 

BULLION, MONEY A ND EXC HANGE. 

HOLD BARS, 860 to 70. Silver Bars 1 1-4 Discount Treasury Notes 
\J are selling at 87 1-2 to 88. Mexican Dollars, from 8 lo 8 1-2 pre- 

mium. 

XCE AVGE ON N. Y. RK, 1-2 per cent, prera. for Cold; Currency, 13 1-3 
por cent. On London: Banker?, 49; Commercial, 49 1-2; Paris: 5f. 
per dollar. Telegrams, 3-4. 



E 



VRICE OF MONEY HERE, 1 to 1 1-4 per cent, per month— Bank rate. 
Iti the open market. 1 to I 1-2 per cent per month. The demand is 
active. 

SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



Ophir 

Do 

Gould & Carry . 
Do. 



n 



. 135 
. 30 
. 50 
.230 
. 10 



Do 

Chollar 

Do 10 

Hale & Norcross ...2.3 

C.-own Point 180 

Do 60 

Do 30 

Yellow Jacket 75 

Imperial 770 

Empire 311 

Alpha 90 

Belcher 10 

Confidence 1TO 

Cons. Virginia. 210 

Sierra Nevada 710 

Bo 100 

Exchequer 70 

Utah 200 

Silver Hill 205 

Central 10 

Eclipse 185 

Seg, Belcher 125 

Overman 50 

Do 10 

Justice 3° 

Succor M. M 460 

Buckeye 70 

Caledonia 400 

Do 60 

Knickerbocker 490 

Do 100 

Arizona and Utah. .200 
Glohe 50 



LOW. HIGH. 
55 56X 

.... bSO 57 

iK\. 19-x 

.... b30 200 

rnx 11:. 
.... be its 

10a 113 

.... b:)0 112 
87X !K> 
160 1". 

.... b30 155 

.... 830 154 
146 148 
II'.. MX 
15X 10 
60 62 

1075 1081) 
12 12X 

88X 40 
is'., IK', 

... b30 I'.r, 
83 28 
3 



10 
13X 

in; 



M 



11 
14 

117 
92 
1.3,1 ill 
MX 
5» 5» 
3X 
60 6-:>; 
. . b30 MX 
SH 8X 
.. b30 9>i 



SHAKES 

Baltimore 380 

Bait. American — 250 

Do 250 

Meadow Valley " 

Do 30 

Woodville 290 

Insurance 550 

Condor 195 

Chief of the Hill... 725 

Mocking Bird 75 

Golden Chariot...-. 10 

Ida Elmore S6 

Mahogany 100 

Do 60 

Empire 100 

0. H. Treasure ....130 
Do ....150 

Noonday 200 

Raymond & Ely... 160 
Do, ... 10 

Eureka 890 

Do 400 

Phcanix 110 

Pioche 2^0 

Do 50 

Do 50 

Do WO 

Excelsior 200 

American Flag — 200 
Do ....120 
Do .... 50 

Adam's Hill 200 

Do 100 

Huhn& Hnnt 200 

Trench 16 

New York 20 

Union Con — 150 



1% 
... b30 2 
16X 17 
17 17K 



iX 



8* 

4 D « 
IV, 



12 
17 
19 
.... M0 20 
IX 
73.,' 
.... s30 IX 
20c 
140 
.... 1)30 150 
25 '1 25?.,' 
bSO 26 2CX 

i% 
33X 34X 
.... s5 33X 
.... 880 31 
.... h30 35 
13J4 
21X 22 
.... 1)30 22 
.... b5 22 
2X 2JJ 

b30 3 

8X 3',, 
15 
IX 
2X 



At the California Stock Exchange Board. 



.. 20 
.100 
.00 
. 25 
.100 



HIGH. 

22 
9 
b3 9>i 
3 

14 
IX 
b5 95 

14 
80 c 
9X 
2X 
25C 
6X 



SHARES. 
70 



20 

10 

10 

. 20 



Ophir 

Do 

Do 

Do 

Pioche 

Pea Vine 250 

Savage 10 

Sierra Nevada 10 ; 

South Chariot 50 

Do, 565 

Do 50 

Succor 25 

Washoe 390 



LOW 

56 



SHARES. 

American Rag 50 

Belmont 50 

Do 10 

Baltimore 50 

Eclipse 20 

Empire, Idaho 10' 

Hale & Norcross- . 

Imperial 

Jackson 

Knickerbocker. . 

Newark 

Norman 100 

Revenue Cons 100 

The Arkansas Mining Company lias levied an assessment, of twenty-live 
cuts per share, delinquent August SOth. 



HIGH 

57 " 
blO 58 
S3 58 
b30 59 
35 
95c 
179X 
19 
b.'i 3 7 „ 
3.X 
630 3X 
5X 



LATEST TELEGRA PHIC NEWS. 

i.OMiOX. JULY 37. 

Consols, 92,'.; for Money; 92'i ror Ac-I ILiv'pooi Wheat Market, lis. 9d.@i2s. 

count. I ITJnited States 5-20 Bonds, 91X- 

HEW YOJIK. JULY 37. 



Gold opened at 11 IX ; 11 a. m. at 111,',,; 

Sterling Exchange, lO'.i'.iSjllOx. 

i lonr, — . 

Pacific Kail, 77'.,. 

Pork, $13X014. 

Oil, Sperm, quiet, *1.3*rijjl. -10; Win- 
tor Blcacbcil, J-ldsiSJlJIS; Wbale, 
firm, 70fgU60c. ; Winter Blenched, 
70@75. 

Hides, quiet, 23«@24Xc; saltcd,12@12X 



, V \JJUJL * * • 

United States Bonds — Five-twenties of 

1862,115,',; 1SI17,115X. 
Wheat, — 
Sarley, — 

Quicksilver Mining Company, 42X- 
Cotton, quiet, 22c, 
Wool, Spring;, fine, as^v toe: Burry, 30@ 

35c; Pulled, 50@(j0c; Fall Clip's, .32(g) 

37c. Burry, 20@25c. 



YESTERDAY AFTERNOON SALES 

At the San Francisco Stock and Exchange Board. 



SUARES, 

Adams Hill 100 

American Fiag — 260 

Do 20 

Belmont 200 

Do 190 

Belcher 1 

Condor 2550 

Calaveras -00 

Chapman 100 

Do 1"0 

Chief of the Hill.. 2S0 

Eureka Cons 865 

Do 470 

Excelsior 300 

Golden Chariot ....100 

Do ..•■ 30 
Hnhn& Hunt... ■■•500 
Hale & Norcross.. . 75 

Ida Elmore 375 

Do 20 

Ingomar 600 

Independent 100 

Meadow Valley — 550 

Do 150 

Do 300 



-OW. HIGH. 

•2% 
21 21X 

. . . b.30 21X 
8X 
) 8X 8 
1075 
4 4X 

2X 

IK 
... 1)30 IX 
4X 4X 

24 24X 

... t-80 25 
14 
12X 
b-30 12X 
3X 
IH 
18* 
b:)0 19 
IK 
IX 
17X 
b5 17 
b30 17 



12 



93 

18 



17 



SHAHES. 

Mocking Bird 100 

Mahogany 50 

Do 50 

Mammoth 100 

Ophir 200 

0, H. Treasure 270 

Pioche 1105 

Do 120 

Phoenix 200 

Page& Panaca....l00 

Raymond & Ely... 180 

Do ... 60 

Sierra Nevada. 209 

Star Con 100 

Seg. Belcher 70 

Do 10 

South Chariot 200 



Do 
Do 
Do 
Do 



10 
25 
40 
20 



War Eagle 50 

WaBh'ton & Creole. 75 
Yellow Jacket 20 



2X 

19X 
.... b30 20X 
60c 
51 52 

8 
32X S3 
.... O30 33X 
3X 
2 
145 146 
.... 1)30 150 
18X 19 
.... b30 IX 
113 115 

.... b30 116 

2X 
.... MO 180 
.... b5 180 
177X 180 
.... so 177X 
.... b30 185 
7 

4X 
151 



At the California Stock Exchange Board. 



SHARES. LOW. 

Arizona and Utah ■ ■ 155 — 

Amazon 100 .... 

Condor 10 

EurekaCons 10 — 

Hale & Norcross... 10 — 

Ingomar 25 — 

Louise 50 — 

Independent 850 — 

Meadow Valley — 50 — 

Mammoth '50 

Ophir 80 

Pea Vine- 



SHAKES. LOW. 



.1450 



52X 
75c 



2 
b3 IX 
4X 
24 
b3 94 
2 
2 

IX 
17X 
-50c 
54 
85c 



Pioche 560 

Do, I" 

Orient 10 

Phoenix 10 

Revenue Con 100 

Savage 75 

Do 50 

Do 5 

Sierra Nevada 450 

■Wash'n& Creole.. 250 

Do, .. 50 

Yellow Jacket 10 



. e30 32 
3 

3-fi 

6X 

. b3 182 

b6 182 

b30 180 

S30 18 

4,X 
030 5X 
S3 152 



THE LONDON MINING SHARE LIST. 

London, July I 



^ 030 Birdseye Creek, California (Gold) 

0H0 Fcl'sniwin, Cii1il*"tni:i iGulu) 

O'.OIIJ Colli l:,n.,l'alil'..rnl:i iCokli... 

2500 Sierra Buttes, California (Sold) 

On n s.iulli Aurora, Meyada 1 (Silver).... 

'«0 Sweetliiii'l Creek. Cnlifoniia Gold) 

10^0 Cedar creek, California (Gold) 

- Eclipse, California (Gold) ■.-■■..■■ 

Exchequer, ( alifurnia (Gold and Silver) 

London nnil California (Gold).. ............ •■•■•■■•• 

Pacific. Calilnrnla and Nevada (Gold and Silver).... 

l-'o.i) Pinlo, Nevada (Silver)... 

■8 5 llubvCons.ilidalcd. Nevada .Silver) 

5 [mm Silver Star, Nevada iSilyer). 

4 1,10.1 iTuolnmne, California (Gold), 



PAID. LAST PBIOE. 



4011 


SX@3* 


3 00 




1 


18W 


:'. 1) 11 


SX@U 


5 


1W31K 


4 


:;■','". i:-( 


1 


v; r o-::% 


1 


9-,fKail-i6 


1 00 


%® % 


1 
70 


2«@r25f 

sa»x 


r, a 


5M®5Sf 


111 




10 00 




200 


ijiea 



- The steamer Montana will leave for Mexican ports on the 2d proximo. 



THE DAILY FINANCIAL POSTSCRIPT 



July 2 



OFFICE OF FINANCIAL JPOSTSCE IFT, 

Ban Francisco, 1% M., July 27, 1872. 

Atlantic and Pacific Railroad Operation. 

Ii our issue of the 19th inst., we printed the following item of railroad 
financial intelligence : " The Atlantic and Pacific Railroad Company have 
leased the Missouri Pacific Road, the eastern trunk of the Atlantic and 
Pacific line from St. Louis to the Pacific Road. The Missouri Pacific, 
besides its debt, has a capital of $3,600,000, which, under the lease, is to 
be doubled to $7,200,000. Upon this an interest at five per cent, is to be 
paid the first year; sis per cent, per annum for two years thereafter, and 
seven per cent, perpetually after these three years." An esteemed cor- 
respondent writes to us with reference to the matter, and we quote: 
" Your item clearly says that the Atlantic and Pacific Railroad has agreed 
to pay a rent in perpetuity equal to fourteen per cent, per annum on the 
actual capital of the Missouri Pacific Railroad. This can hardly be cor- 
rect. What authority have you lor the statement V" [The italics are 
our correspondent's.] The authority for the "item" is The Chicago 
Railway Review, and is reliable. The paragraph means what it says. 

The operation of leasing railroads, canals and other works by lines to 
which they may be made contributory, or with which they compete, has 
of late years been a favorite one with Eastern railway operators. In- 
deed a number of roads are now under construction under a contract for 
leasing, which goes into operation on their completion. The leasing sys- 
tem has in the inaiu resulted profitably to operators, and is not always a 
disadvantage to the public. It is liable, however, to abuse; maybe 
adopted in order to ereate monopoly, impose burdens on the public, and 
has involved some companies in disastrous obligations. And the system 
lias been used to promote stock-jobbing of an unscrupulous character. 
A few illustrations will show its general operation and methods. 

The Pennsylvania canals are leased by the Pennsylvania and Reading 
Railroads, and most of them have been closed to navigation. The roads 
are thus released from their competition, and, from the additional freight 
tariff which they have been thereby enabled to exact from the public, 
have paid the rent on the canals and secured handsome profits beside. 
This is an instance where the leasing system is a public wrong — however 
beneficial to the interests of railroad shareholders. The Pennsylvania 
Railroad leases the Pittsburg, Fort Wayne and Chicago Road for a term 
of years, and pays a rental of seven per cent, per annum ou a capital 
stock which has bceu increased (watered) sixty per cent, for that pur- 
pose. That is, a holder of §100 of Fort Wayne stock before the lease, 
received $60 in stuck at the time of the lease, and now receives from the 
Pennsylvania Railroad Company seven per cent, per annum upon his $160 
of stock. This interest is $11 20, or 11 1-5 per cent, ou his original in- 
vestment of $100. This lease has operated advantageously for the lessees. 
They have been able, through their control of the Fort Wayne line, to 
turn an enormous traffic upon their own trunk road ; they have earned 
their legitimate profit on the transportation of this over their trunk, and 
have at the same time earned on the transportation over the Fort Wayne 
Road itself, enough to pay the annual rent of eleven per cent, on its 
■cost, and a profit besides. Of course the public entertains a sense of 
wrong at being compelled to pay the tariff which supports these earn- 
ings. Accordingly we find that when the Baltimore and Ofiio Railroad 
•Company propose to construct a new road between Pittsburg and Chi- 
cago, every county and town along its route through the States of Ohio 
aud Indiana came forward with subsidies, grants, rights of way and other 
aids to secure its prompt .construction. 

A. third great leasing contract which will illustrate a stock jobbing 
feature of the business, is the lease last year, again by the Pennsylvania 
railroad company, of the works of the United Companies of New Jersey 
— the Camden aud Amboy, the New Jersey Central Railroads and the 
Morris Canal. These works had been earning 8 per cepj. per annum 
dividends and their stock stood at about 115. The Pennsylvania company 
negotiated a lease of the works at a rent of ten per cent, per annum on 
the capital, and the United Companies' stoflfcs advanced to 135. 

It sometimes happens that a railroad company makes a losing lease; 
that is, that the company is unable to earn as much by operating a road 
as it has agreed to pay in rent. Then the deficit must be made up from 
its other earnings. lu the official accounts of several of the leading 
railroads large sums will be seen which are annually sunk on these bad 
ventures. Sometimes it is provided that a portion of the new stuck of 
the leased road shall be issued to the stockholders of the company which 
leases. But sometimes it is well known that large amounts of the new 
stock are covertly distributed among the railroad operators who manipu- 
late the transaction. Always, we may say, these officials avail themselves 
of their knowledge of a contemplated operation to secure a profit by the 
change in stock values which ensues. And sometimes the whole opera- 
tion is a mere corrupt "job." Instanccsarc within our knowledge to il- 
lustrate each of these abuses to which tlie leasing system, legitimate in 
itself, is liable. 

This explanation of railway lease operations as conducted in the East, 
should, we think, enable our correspondent to understand the lease of the 
Missouri-Pacicfi Railroad by the Atlantic and Pacific Company. 
The latter company agrees to pay in perpetuity an annual rent 
of 7 per cent, (after the first three years, when the rate is less) on a capital 
stock of $7,200,000— -say $504,000 per annum— on about 500 miles of road. 
The road is heavily mortgaged; and the bonded mortgage interest has, of 
of course, fii>tto be paid. Referring to this lease, the St. Louis Bepub- 
liean — friendly to the Atlantic and Pacific Company — appeal's to think 
some apology necessary. ""Without knowing all the motives (it says) 
which have led to this action, it is clear that corporation acts to 



secure itself from any embarrassment which might be caused by a con- 
trolling interest in the Missouri-Pacific passing into the hands of un- 
friendly parties." Elsewhere the Eepublican says, " The Directors were 
unanimously in favor of the lease, and the prospect of its consummation 
has already caused the stock to advance rapidly." The arrangement will, 
that paper claims, "add greatly to the influence of the Atlantic aud Pa- 
cific Campany," It does not intimate that the amount of rent guaranteed 
can be expected to be earned by operating the leased road. That ques- 
tion possesses a peculiar interest, for the reason that the "watering" of 
the Missouri-Pacific stock (equal to 100 per cet.) is the most copious that 
has yet been ventured on by a railroad lessee; and the rent guaranteed — 
14 per cent, per annum — is the highest yet undertaken to be paid. Per- 
haps we shall hereafter obtain more light on the transaction, which may 
make it iutelligiblc as a legitimate, and not necessarily disastrous, rail- 
road operation. 

The Income Tax. 
The New York Journal of Commerce reinsists that there is no authority 
for assessing any tax ou'income for 1872. "Yet," says the editor, "it 
has been done during the whole of the last six months, and that without 
a shadow of authority. The commissioner has ordered all dividends and 
coupons of interest payable during the first six months of 187:2 to be 
taxed pro rata, on the plea that if the period during which the money 
was earned extended back into 1871, that part of it was income for 1871. 
This is swindling beyond a doubt, but the swindler is an officer of the 
Government, aud he is protected ill two wavs from cither legal restraint 
or punishment." The new ruling actually reverses the decision of the 
authorities at Washington, when the rule worked the other way. "Thus, 
when the tax was first levied it was assessed upon all dividends aud in- 
terest paid after the date of levy, on the ground repeatedly expressed, in 
plain official language that it was income when it was paid, and not when 
it was earned. Now, swallowing their own words," the Journal says, 
" they have reversed this, and insist, that dividends and interest are in- 
come when they might have been earned and not when actually paid. In 
this way the income of 1872, if it might have been earned, or, by con- 
struction, was earned in 1871, has been taxed during the current year. 
But there was no law for it; it was done through the mere wantonness of 
official authority. 

The Rumored Death, of President Juarez. 
The telegraph has reported a rnmor received in New York from Mataraoras to the 
effect that President Juarez, of Mexico, died suddenly at the capital onthcicth 
instant. We are advised that resident merchants of Mazatlan had, prior to the sail- 
ing ot the last stcumer, received advices from their agents at the Cily of Mexico up 
to the 14th instant, in which no mention was made of the death of President 
Juarez, and in which that circumstance could not have been omitted, had it oc- 
curred. Citizens of Meadco, remdent of tins city, including the Mexican Consn 1 
discredit the report. The Pacific mail steamer, due to-morrow, will liriiiL; Mazatli n 
dates which should either confirm the report or prove it to be without foundation. 

The subscriptions to the Atlantic and Pacific Terminal Railroad stock now 

amount to nearly $1100,1)00. At a meeting of the Committee of One Hundred w . 
terday, the following named executive committee of thirty was elected by the forty- 
five members in attendance: John Bensley, George F. Bragg, Joseph Britton, 
Washington Rartlett, Tyler Curtis, James Dows, John T. Doyle, Caleb T. Fay, Dr- 
H. S. Gates, Arvinza Hayward, John 8. linger, H. Efrynemonn, J. C. Merrill, Frer 1 
crick Mason, diaries Main, W. W. Montague, E. F. Northam, James Otis, T. (-.* 
Phelps, A. J. Pope, L. Pickering, T. L. Rutherford, R. G. Sneath, Wm. Sherman, 
Richard Tobin, R. J. Tiffany, P- H. Waterman, Alfred Wheeler, Alex. Weill and 
J. C, Wilmerding. One member, John T. Doyle, had, prior to the election, resigned 
from the Committee of One Hundred. 



General John B. Winters, of Nevada, has sued Wm. Sharon, the 

mining block operator, for $500,000 and interest, alleging that to be his 
share of profits arising from speculations in Keutnck mining- stock, It 
is charged that Sharon, on an agreement with Winters, bought and sold 
1,600 shares of that stock. Winters claims that he was to stand one-third 
of the losses and receive one-third of the profits. He alleges that Sharon 
made n million and a half on the transaction, and demands that be pay 
over his one-third, or half a million. 



A comparison of the London mining share li^t, printed else" here, with the 

list for June 29th (published in the Financial Postscbipt of the l!Kh inst.) shows 
a decline during the week in California and Nevada mining property on the Loudon 
market. Sierra B'.ittcs receded \ k , Sooth Aurora Jf, and Sweetland Creek }. . 
London and California alone on the list shows an advance— equal to %. 

The new stock of the Belcher Mining; Company will be distributed 

at the rate of ten snares of new for one of old. Ou the basis of the new 
issue, there will be 100 shares to the foot. At market rates, the price per 
footis $10,700. This would make the new stock worth $107 per share. 



A revised tabular statement of the production of thirty Mining 

Companies for 1871, shows the total to be $14,036,000, against $8,498,000 
in 1S70, and $7,000,000 for each of the two previous years. The assess- 
ments levied In 1*7L amounted to $2,152,000, and the dividends disbursed 
wore §4,214,700. 

In New York, on the lSlh inst, the Pacific railroad bonds were 

active and steady, with sales "f Onion Pacific first mortgage at fK) 1-2 net, 
and Northern Pacific 7-80 gold bonds at 100 and the interest from July 1st 
in currency ; Central Pacific, (Is, 102 net. 

The Western Union Telegraph Company has negotiated in London 

real estate mortgage bonds to the amount of $1,500,000, principal and 
Interest payable in gold. These bonds are to be applied to cover the cost 
of contemplated office improv< ments in the city of New Turk. 



.1 1 1 . v 27. 



OF THE SAN FRANCISCO NEWS LETTER. 



REAL ESTATE TRANSACTIONS. 



Thursday, July 25th. 
am urn <.i:intm. DMourrioit. 

■ i.. v t.. Win i > r.uiilnsv w Slockton, IM-OxM ... 

AbiuT Phi -l|i- l.iluack Kolm n n oak. 

ns-.v.. w vr,.r. 

i It] Land \n'a to Jaa T Ich Walnol LOO 

1 187:0 

Willie 1) « isthav, toozal 

I T MUlikcntoSanriTmzcllaa ... Army <■ iiiamuuil, 5ii:iiMil 

.. . 
(.'r.-..i Pari ml toW A Woodwardlieih at nO, n X w 166:0 a 15, etc.... 

I*aul ItoRi'natioDll'dtoaamc Berlin n Ward, 60x150 

a ETdto same :ttd av w ('. .V'xKHl 

Aaron Rleaer loJohnErerdlnK.... Lota » a), tola 707— Ball JIanh a TLand 

tnd Ooin'n to Aaron h B0 21, aame 

- to .Uilitis (;ro)im:ni |Wy Ing av mv Sicklesav. s\\ 160, etc 

' uttim to TBRobertaon ...Klliae Scott, 80x76 

Sameto 1'n.l v Polk and Waab'o. 6S:8Uxio3. .', ','. 

Wm Ware to WC Balaton ru.l ■.. Bnah o Battery, 49x91:6 

Sametoaame UarketA10lb,SlS:6xl06 

.loim RoeenrckltoThoe Hhimhilrlil Tyler w Pierce, 8?<6xl87:6 

Bill P Qlbbona to P L Flemlnx ... lfjthw \ i 

A B Thayer to Wm Ken Prtngle Conn n Greenwich, 28:6x60.. 



OUR R A I L S . 

Canadian Pacific Railway. 
Thla great line may be divided Into three part?, viz: from Mattawa to 
Port Garry, from Kort Garry to the Rocky Mountains, and from the 
j Mountains to the Pacific coast. For survey purposes the dis- 
tance from Mattawa to Kurt Garry was subdivided into eleven different 
portions of from seventy-five to ninety miles each. '1'ue country is 
densely wooded, and the survey was. therefore, anusiflny difficult. A 
branch surveying party explored the country from Lake Ntaisstag to 
Banlt Saints Mario, and another expedition was sent north to James Bay. 
A double expedition was organized to proceed westward of Fort Garry, 
and to penetrate the Howe Pass and Fellow Head Pass of the Kocky 
Mountains. One of these passes, it is stated, will be eligible for the con- 
struction of the line. The obstacles which present tiiemselves to the 
passage of the line through British Columbia are stated to be serious. In 
all twenty-one surveying parties, comprising no fewer than eight hundred 
persona, mtzed by Mr. Sand ford Fleming, the Chief Engineer of 

the undertaking. 

TIio Rights of Railroad Bondholders, 

The United Slates Circuit Court for Minnesota, in the cascofSelah 
Chamberlain against the St. Paul and Sioux City Railroad Company, has 
denied the application for the appointment of a receiver and for a writ of 
injunction. The plaintiff contended that the Minnesota State railroad 
bo in.ls, issued in aid of tbe several land grant roads, secured as they were 
bj a Bret mortgage on the roads, constituted a lien upon all the property 
of these companies, their land grants, road beds, franchises, etc., and that 
this lien was a part of the bondholders' security, of which the State could 
not deprive him; that it followed the property, to whomsoever trans- 
ferred. The Court, consisting of Justice Miller, of the United States 
Supreme Court, and Judge Dillon, simply aunouueed its decision without 
stating the grounds. 

The North Pacific Coast Railroad. 

Ground was broken on the North Pacific Coast Railroad on the 25th 
instant, at White's Hill, six miles west of San Rafael, ou the Olema road. 
A force of twenty-five men have begun four hundred feet from the mouth 
of the cast end of the tunnel, and will work toward San Rafael and Sauce- 
lito. Two miles west of San Rafael the line bears to the right, toward 
Ban eel) to, and connects with tbe main line coming up through the Reed 
ranch from Shewbery Point, and passing through San Rafael to San An- 
tonio Creek, Valley Fork and Duncan's Mills. White's llill will be the 
heaviest work. The company will employ white labor, on account of 
getting a subsidy. 



OUR MINES, 



some time prospecting tor coal and mineral deposits. They bring 
h them a large sack full of a splendid class of coal which they 



Coal and Cinnabar Discoveries. 

The Tulare Times of July 23d says: "G. A. Botsford and party have 
ju>t returned born the Coast Range, beyond the lake, where they have 
been for 
back with 

obtained from a deposit in that vicinity. The deposit is reported very 
extensive; it cau be traced three-fourths of a mile. Tbe stratum, as ex- 
pored by a slide in the mountain, is about eight feet thick and crops out 
about seventy-five feet iu width. Tbe gentlemen also bring some of the 
richest specimens of cinnabar which we have ever seen, procured iu the 
same locality also." 

[It is to be hoped that mineral is really cinnabar and not, like most 
"specimens" chronicled under that name, iron. J 

The Cherokee Mines. 

Tbe news from the Cherokee mines, Butte county, is very encouraging. 
The Spring Valley Company cleaned up about 850,000 last week, f his 
makes about £200,000 taken out by this company during the season. The 
Cherokee Company has cleaned up $S2,000 during the season. Both of 
the companies have now nearly exhausted their water supply. The Cher- 
okee has suspended pipe laying for the present, owing to the high price 
of iron. The Hendricks Company at Morris Ravine have plenty of water, 
and are supposed to be doing well. 

Pioche. 

The dispatch to the Pioche Company 26th states : "The drift, No. 1, is 
in 85 feet; the ore widened out from three to four feet, assaying 1300. 
The new drift, 50 feet below No. 1, is in 70 feet from shaft, and has cut a 
seam of ore four inches wide. The north winze progessing well ; ore 
two feet wide; assays §300. The south winze two and oue half feet, as- 
saying S1G0." 



Crown Point. 

The Crown Point dispatch 2Gth states: "Water going down well ; re- 
duced it one foot last night. It is now two feet below caps iu 1,300-level 
station; south wmze looks well; are now working on 1,200-foot level." 

Chollar"Potosi. 

July 24th the Supermtendeut of the Chollar-Potosi mine wrote : "In 
the West Blue Wing stqpe going south some improvement in ore quality 
is noticeable." 



THE WORLD'S PROGRESS. 

A Land Grant with a Vengeanoe. 

I'h'* promoters of ■ monster Australian railway, projected from Port. 

Augusta to Port Darwin and which seems destined to remain for many 

i dream of to front of 200,000,000 acres, 

comprised In 85 blocks, laid out alternately east and west of the line. 

Tin- largest will contain an area of from 19,000 to i:;,ihmi, and the an 

quote miles. The general average will he somewhat less than 
io.ikxi square miles, or o, iiK>,iriH, acres. Tin- blocks, which have been 

roughly outlined, are to be fully described in a schedule to a bill. They 

■ rfere with the country already occupied, or owned for pas* 
mineral, or any other purpose at either termini] i words, 

1 rated out of territory at present entirely 

unutilized, and the bulk of which has been over and over a^ain rashly 
described as utterly worthless. 

The British Revenue. 

British revenue return:- for the quarter and for the year ending the SOtfa 
June have been Issued, During the past three months the national in- 
come has amounted tO £18.898,007, a net increase Of rather more than a 
million and a half over the corresponding period of last vcar. The reve- 
nue for the vcar has been .t7(.i,2(iu,03S, and there .was a' net incre 
£6^798,629 over that of the twelve months ending June 30, 1371. The 
chief cause of this augmentation was the income tax, which yielded more 
by £3,494,000. The increases in the past quarter have been: Customs, 
i313,000; excise, £633,000; .-tumps, £148.000; taxes, £66,000; property 
tax, £787,000; post office, £70,000; telegraph service, 655,000. Thenu> 
cellaneons receipts show a decrease of £865,276. There appears to be a 
net surplus balance in hand of £1,953.899. 

The Postal Money Order System. 

According to the new postal code, which went into effect on the 1st of 
July, there will be established throughout the country some 300 new 
money ordi r post-offices. With tbe offices now in operation this will 
make altogether about 3,000 money offices. This increase will give New 
York ten new offices and Boston one. In these cities it will make tbe 
system precisely similar to what it is in London, the great rush at the 
main office will be diminished, and persons will be able to buy or receive 
money-orders at their station post-office. The business of the present 
money-order offices amounted last year to over $42,000,000, and with the 
extended facilities afforded by the new offices, the business for this year, 
it is thought, will show a marked increase. 

American Iron Manufacture. 

The annual report of the National Association of Bar Iron Manufact- 
urers shows that the annual value of iron manufactured in this country 
is §ituo, 000,000 ; that the wages of labor engaged upon it must exceed 
600,000,000, and that the number of workmen employed in it is 940,000. 
Calculating the consumption of agricultural products by these workmen 
and their families upon a much smaller estimate than the census estab- 
lishes, it yet amounts to more than three times the value of all the sur- 
plus of breadstuff's and grain which we sell abroad. 

American Iron Steamers. 

Iron steamers are now being introduced upon the great northern lakes 
of North America; and a new ship yard has been recently established on 
Lake Michigan for the production of this kind of ships. At this yard, 
situated at Wyandotte, two steamers have been commenced, one a pro- 
peller and the other a side-wheeler. Composite ships, with au iron frame 
and woodeu plauking, are also coming into favor on the lakes. 

Italy. 

The industrial and commercial growth of Italy during the past few 
years has been remarkable. Genoa alone, with a population of only 
150,000 has now twenty-four great banking houses, with a capital of 
102,'.)00,000 francs, twenty corporations with a capital of 42,328,000 francs, 
and forty-five insurance companies. 

The China Tea Clipper "Oberon" 

Among the notable specimens of marine architecture that have viBited this port 
of late years, the ship whose name heads this paragraph stands pre-eminent fur nil 
those essential qualities which constitute a first-class vessel, viz: speed, strength, 
safety and a character for delivering hercargo in fine order. The Oberon is one of the 
fleet of tea clippers owned by Messrs. Shaw, Manson &Co., of Royal Exchange Build- 
iiig, London, andbelouss to the same line as the celebrated Ariel, Titanic, Falcon and 
others, whose performances have rendered them famous. She was built in IS'!!) by 
Messrs. A. and J. Inglis, at Pointhouse, County of Lanark. Her exlreme length is 
241 feet, breadth of beam 36 feet, and depth of hold '21 feet, and registers 1,103 tone, 
exclusive of crew space. In her construction and general finish all the ingenuity 
of the builders and seaman's art appear to have been lavished. Being built on the 
composite principle, her.frame is of stout an<de iron, planked with tenk and fast- 
ened throughout with bell metal bolts, which are not clenched in the ordinary man- 
ner, but are set up with nuts on the inside end, and if, in course oftime. these 
should slacken by straining or from any other cause, an extra turn or two with tbe 
wrench will m;ike them as firm as when first built. The quarters for officers and sea- 
men are fitted up with the elegance and comfort usual in ships of this class. The 
boase on deck for the seamen is about titty feet long, and the frame is of angle iron, 
(■heathed outside with polished teak and lined inside with white pine, the space be- 
tween allowing free and constant ventilation^ bo conducive to health and comfort. 
Her spnrbo:ird is a fine specimen of carving, and represents a'scene from " Mid- 
summer Night's Dream. 11 Her bulwarks and top rail are of polished teak, edged 
With brass in on? unbroken line fore and aft; the panels of the bulwarks are inlaid 
and gilt, altogether presenting an appearance ot great strength, accompanied by 
neatness, and she is, compared to her size, probably the most costly vessel 
that has yet entered onr harbor. She Is at present lying at Greenwich dock, 
discharging a general Chinese cargo from Hongkong, and is consigned to 
Messrs. Macondray & Co. Her present voyage to this port, in thirty-seven 
days, has, we believe, been beaten but once, and was intended merely to fill 
up time so that she could return to China in season for the second crop of teas, bnt 
the rate of freight procurable here haB determined. her owners to charter her for 
England with wheat. The symetrical appearance of this ship throughout has been 
the admiration of all who have visited her. The details would occupy too much 
space to describe further, and we would advise all those who are interested lo 
make a trip to Greenwich dock, where she will probably be for a week or more 
preparatory to proceeding to her loading berth.— Sari Francisco Neivs Letter. 

California's Golden Sands. 

The marvelous richness of the sands at Golden Bluffs, at the point where the 
Klamath river empties itself iuto the Pacific, has long been known. The difficulty 
hitherto has been the want of some effective means of getting at the wealth that 
lies buried there. This difficulty is about to be overcome. The triumphs of science 
are not to he limited by even the everlasting waves of the Pacific Ocean. "The 
Submarine Explorer" is a kind of diving-bell specially adapted, as its name im- 
plies, to such work as is needed in exhuming tbe rich deposits at Golden Bluffs. 
This machine hus been at work successfully for sometime in New York harbor. 
From its nchievements there and from the descriptions given of it by the Scientific 
American, the New York Tribune, the World, and other papers, there can be no 
doubt of its success. One of the machines has been brought to San Francisco in 
charge of an expert, a schooner suitable for the service has heen purchased, and a 
party has betn formed, which, in the course of two or three weeks, will proceed to 
the scene of the intended operations at Golden Bluffs. Several Californians, pos- 
sessing means, have taken Bhares in the enterprise. We wish them success.— San 
Francisco News Letter. 



THE DAILY FINANCIAL POSTSCRIPT. July 27. 



THE BANK OF CALIFORNIA. 

S-A.U FRANCISCO. 



Capital, - - - - 35,000,000 

D. 0. MILLS, President. T W. C. RALSTON, Cashier. 

AGENTS: 

Iii New York, Messrs. Lees and Waller; in Boston, Tremont 
National Bank; in London, Oriental Bank Corporation. 

j^- The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
of the Pacific Coast. 

IneiteM-of QMfltt lusiiea* 

■ Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan and Australia, 

Exchange for Sale on all the Atlantic Cities. 

Dlt^W DIRECT ON 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Fraukfort-on-thc-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AND SA3M FRANCISCO BANK 

T.T iwpinaT*- 

With which has been consolidated the business of 

PARROTT <fc OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 

Oct£3it£v! ? _ - 85,000,000. Xt.ejsexrT7*e ^xuacL, 8300,000 

^, « ,^ 

Of which $3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

N-AJNT JFRAIVCISsiCO OFFICE, 433 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodcwald, Esq., Chairman; H. L. Bischoft'sheim, Esq.. (Messrs. Bischotfsbeira & Goldschmidt) ; J. F. Fletnmich, Esq. (Messrs. F. Huth 

&Co.); E. H. Green, Esq. (Messrs. Russell and Sturgis, of Manila); Julius May, Esq. (of San Francisco), Frankfort-on-tho-Main ; 

J. S. Morgan, Esq. (Messrs. J. S. Morgan & Co.) ; Baron H. de Stern (Messrs. Stern Brothers) ; Rudolph 

Sulzbach, Esq. (Messrs. Sulzbach Brothers), Frankfort-on-the-Main. 

Manager in London : - - - R. D. PEEBLES, Esq. 

SP^iiidleat £a Sas feasciscoj If l£TQ!lf So £JIT11J11IL 

Assistant Manager (San Francisco), GAMILO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, -...------. ALFRED BANNISTER. 

The Bank is prepared to transact all kinds of General Banking and Exchange Business, in London aud San Francisco, and between said Cities and all parts of the 
world. The San Francisco Office is authorized to draw Bills of Exchange or issue Letters of Credit upon either of the under-named Founders and Proprietors of the 
Bank, or (at the option of the buyer) upon the following Houses, with whom the Bank lias established credits, viz: LONDON — The London Joint Stock Bank, No. 5 
Princess Street ; Messrs. Bischofl'sheiiu, Goldschmidt & Co.; Messrs. Fruhliog & Goscheu ; Messrs. Frederick Iluth & Co.: Messrs. J. S. Morgan & Co. (successors to 
Messrs. George Peabodv 4: Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Drexel, Morgan & Co., 53 Exchange Place. BOSTON— Third National Bank. 
PHILADELPHIA— Messrs. Drexel & Co. PARIS— Drexel & Co.; Bischofl'sheim. Goldschmidt & Co.; Messrs. A. J. Stern & Co. FRANKFORT-ON-THE-MAIN— Mr. 
Gebrnder Sulzbach ; A. J. Stern & Co. GERMANY— Bank of Siixc Meiningen. AMSTERDAM— Banque de Credit and Depot des Pays Bas. ANTWERP— Nottebolm 
Brothers; F. R. Bischofl'sheim. HAMBURG— John Berenbcrg, Gossler &*Co. BERLIN— Deutsche Bank Actien GeBcllschaft. GENOA— Dapples & Co. NAPLES 
and FLORENCE— Anglo-Italian Bank. VALPARAISO and LIMA— Fred. Huth, Griming & Co. MANILA— Russell & Sturgis. CHINA and JAPAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Australia; B:ink of New South Wales. IRELAND— Provincial Bank of Ireland, 
and all its branches, viz : Dublin, Cork, Limerick, Cloumel, Londonderry, Sligo, Wexford, Belfast, Water ford, Gal way, Armagh, Athloue, Coleraine, Kilkenny, Ballina, 
Tralee, Zoaghal, Enniskillen, Monaghan, Banbridge, Ballymena, Parsonstowu, Cavan, Oiuagh, Duugunnon, Bandon, Ennis, Ballysliannon, Strabane, Dungarvan, Mal- 
low, Coolehill, Kilrush, Skibbereen, Ennischorthy, Fermoy, Newrjr, Drogheda, Nenagh, Templemore, Carrick-on-Suir, Carrick-on-Shannon, Clogheen, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID TO SELLING CALIFORNIA SEOUBITIES IN EUEOPE. 

Collections, Purchases of Real Estate and Mining Shares, and Investments of all kinds in California. 

MILTON S. LATHAM, President. 

Itlfl riACT lTO ^mSXBW& WVMWEBK CM). 

IBJEINT. HOlTlADAY, President, 

WM. NOKKIS, Vioe-President, San francisco; HOLLADAY & BREHHAM, General Agents, San Francisco, 
Dispatch Steamers to the iollo-wingr places. 

HtestueziE Spates 

Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

gftutkesijt Routes 

Santa Cruz, Monterey, San Simeon, San Luis Obispo, Santa Barbara, Los Angeles, Anaheim , San Diego, Etc 

Mexican Haute, Steames ©veiy IP®£ty Bays s 

Cape St. Lucas, Mazatlan, San Bias, Guaymas, and La Paz. 

OFFICE ; 217 Sansome Street, San Francisco. 

The Premium Shirt Maker, Mrs, EVELINE MORRIS, 526 Kearny Streej 



; 



Subscribers in Advance to the Financial Poitsoript can have their Copies Mailed Free from the Office of Publication, 



Price, tingle copr. 5 cents ; per Week. 
23 cents; per Annum, including Postage 
to may part of the world, Twelve Dol- 
lars. Printed and Published br Frederick 
Marriott, No. 033 Montgomery Street, 
San Francisco, California. 






Delivered immcdLitct)- on the arrival of 
tho mails in Now 7ork, Llverjiool, London, 
unburn. FmulJ 

kong, Melbourne .dneyand 

Islands of tho Pacific Ocean. 




(Established July 20, 1856.] 




Dispatched Daily hij the Mails to every monetary and Commercial Center 


throiir/lKiiil tin- World. 


Vol. 1. SAN FRANCISCO, MONDAY, JULY 29, 1872. 


No. 7. 



OFFICE OF FIXAXCI.IL POSTSCRIPT. 

Stan Francisco, li M.. Jul// 29, 1S72. 



BULLION, MONEY AND EXCHANCE. 

r\ OLD BARS, 8G0 to 70. Silver Bars. 1 1-4 Discount Treasury Notes 
\J are selling at 87 1-4 to 87 3-4 Mexican Dollars, from 8 to 8 1-2 pre- 
mium. 

EXCHANGE ON N. YORK, 1-2 per cent. prem. for Gold; Currency, 13 1-3 
per cent On London : Bankers, 49; Commercial, 49 1-2 ; Paris: 5f. 
per dollar. Telegrams, 3-4. 

PRICE OF MONET HERE, 1 to 1 1-4 per cent, per month— Bank rate. 
In the open market, 1 to 1 1-2 per cent, per month. The demand is 
active. 



SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



SHAKES. 

Crown Point 341 

Do 2« 

Yellow Jacket 102 

Imperial l^ 5 



Do 

Do 

Gonld & Curry . . 

Do. 
Savage 

Do 

Do 

Do 



. 10 
.. 50 
.. 39 
. 5 
,.220 
.100 
. 15 
.. 30 

Chollar 10° 

Do 5 

Hals &Borcross... 210 

Empire 1000 

Alpha 80 

Exchequer 60 

Do 30 

Seg, Belcher US 

Overman 80 

Bekher 170 

Do W 

Confidence 55 



LOW. 


HIGH. 


142 


145 


.... b5 144 


142 


145 


13V 


13\ 


« v;:\ 


14Jf 


55 


56 


.... blO 55* 


....mo 56* 


1ST'. 


190 


.... M0 193 


102* 


165 


.... b30 167* 


.... b30 165 


163 03 165 


108 


109 


.... D30 112 


80 


82* 


14* 


15 


m 


64 


21 


9Q 


30 22K 


23 


m* 


116 



. . . b30 110 
11* 12 



Cons. Virginia 165 

Sierra Nevada 80 

Do 00 

Do 50 

Daney 500 

Justice 30 

Succor M. II 275 

Julia HO 

Caledonia 140 

Do 70 

Do 15 

Baltimore 100 

:j Silver Hill 385 

j; Bacon 115 

II Bait. American.... 200 

Central 10 

Knickerbocker ....320 

Lady Bryan 100 

Arizona and Utah.. GO 

Glohe 305 

Eclipse 900 

Central No, 2 100 

Trench 100 

Woolvffle 400 

Do 200 

Union Con 50 



SHAKES. LOW. HIGH. 

36 
17* 

w* 

17* 



b3 
b30 



59 



14 
5* 

6* 
58* 00 

61 b30 01* 
b3 60 
bo 3 
7* 
SO 



10 
8* 
1* 
~% 
2K 

14* 
4 

15 

5 

I 5 



2* 
13* 



At the California Stock Exchange Board. 



American Flag . . 

Bowery 20 

Alpha 20 

Condor 50 

Exchequer 5 

Hale & Norcross — 10 
Huhn and Hunt. -.150 

Do 200 

Ingomar 150 

Ophir 130 

Pea Vine "50 



SHAKES. LOW. HIGH. 

50 .... 21 



56* 



4 
23* 

90 

4* 
630 4 

2 

58* 
1 85 



SHARES. LOW. HIGH. 



Pioche 125 

Do 15 

Phoenix 150 

Do ... 50 

Raymond & Ely. . . 5 

Revenue Cons 650 

Sterling 50 

Savage 15 

Sierra Nevada 25 

-Virginia Cons 10 



27* 30 

... S3 29 

4 

... b3 



6* 



4 
149 

6* 

5 
165* 
18* 



The Commisfioner of Internal Revenue has made the following 

decision under the new tobacco sections: "Tobacco stems are not in- 
cluded under the head of ' refuse scraps and sweepings of tobacco.' Un- 
manufactured tobacco stems, not being liable to tax, may be sold or 
given away at pleasure, the manufacturer simply reporting his disposi- 
tion of them to the Asse ssor." 

The coin balance in the Treasury at Washington when it closed 

business on the 27th inst. was 569,919,013, including ¥31,866,800 of coin 
certificates. The cur reucy balance was $11,-124,353. 

In New York, on the 20tU"mst., " California and Oregon Flour were 

still neglected, and prices nominal at 89 a $10 25 per barrel." 

To-day the usual semi-monthly mercantile collections are in pro- 
gress. 



LATEST TELECRAPHIC NEWS. 



LOKIiOX, .JVLY »». 

Consols, 92V for Money; 92'j for Ac-| ILiv'p'lWhejtMarket, lis. 9d.(B>lU. 11 
count. 1 1 United States 5-20 Bonds, 91*. 

NEW YORK, JULY 29. 



Gold opened at 114*,; ; 11 a. m. at 114;,: 

Sterling Exchange, 109;;@110*. 

Flour, — . 

Pacific Mail, 76*. 

Wells, Fargo & Co.. S9. 

Oil, S perm, quiet, Jl.asffllSl.40; Win- 
ter Bleached, $1 6IKS.J1.6S ; Whale, 
firm, 70@160c. ; Winter Bleached, 
7H51 75. 

Hides, clrv, 23>;®24*c; snltcd,12@12ii . 



United States Bonds — Five-twenties of 
1862, 115;.,"; 1867,115',. 

Wheat, — 

Barley, — 

Quicksilver Mining Company, 42. 

Cotlon, quiet, 22c. 

Wool, Kprinjr, fine, SATMoc; Burry, 30® 

35c; Pulled, 50(7, lillc; Pall Clips, 82® 

37c. Burry, 20@25c. 



SATURDAY AFTERNOON SALES 

At the California Stock Exchange Board. 



SHAKES. 

Adams Hill 350 

Do ....100 

Alpha 10 

Do 20 

Caledonia 80 

Do 70 

Do 30 

Condor 800 

Eureka Cons 40 

Golden Chariot .... 90 
Gould & Curry.... 25 

Hnhn&Hunt 100 

Do ....700 

Justice 20 

Jackson 200 

Ophir 70 

Pea Vine 950 

Do 200 

Prussian Hill 1200 



LOW. HIGH. 
3 3« 

... s30 3 
.... b3 62 



60* 



55 
90c 



60& 
63 
slO 61* 
■i'.i 
20* 
12* 
bS 195 
b5 4 
4 
b30 16 
90c 
BO'A 
1 
b:l 95c 



SHARES. 

Phoenix 100 

Do 150 

Pioche 70 

Do 40 

Do 50 

Revenue Con 200 

Do 400 

Raymond & Ely... 130 



LOW. HIGH. 

.... b3 i',i 
3* 3% 



Do 30 

Sterling 350 

Star Con 126 

Sierra Nevada 20 

Do 40 

Trench 44 

Woodville 20 

Yellow Jacket 21 

Do 20 



6* 
146 

5 172* 

50c 



35* 

slO 6Ji 

6?.' 

147 

175 

172* 

60c 

1* 

... 030 18* 

18 18* 

14* 14* 

5 
... 03 147 
149 b.i 149* 



PRICES OF LEABCVCI STOCKS AMD OOVKBNMENT IMJNIIM. 

San Francisco July 27. 187-.. 



Stocks and Bond*. 
TJ. S. Bonds, 5-:i0s lSO.w-8. . . 

U. S. Bonds, 5-20B 1864 

rj. S. Bonds, s-208 1862 

Legal Tender Notes 

California State Bonds, 7s, V> 

S. F. Citv Bonds, Is, 1855 

S.F. Citv and Co. Bonds, Gs.'oS 
San Francisco Oily Bonds, 7s. 

Sacramento citv Bonds 

Sacramento Conntv Bonds, (Is 
Yuba County Bonds, Ps... 

Santa Clara Bonds, s 

San Mateo County Bonds, 
San Francisco Gas Company. 
Nat'nal Gold B'k & Trust Co. ... 
£ir~ Sales to-day 2,0 San Franci sco G a s at CO. 



Bid. 


Ask. < 


101 


102 


101 


102 


111 


102 


H.K 


ss 


100 




!« 


— 


94 




100 


— 


30 


— 


75 




90 


— 


90 


— 


00 


02 


GO 


60 


110 


— 



Slocks and Bonds. 

Oakland 10s 

Spring Valley Water Co 

Omnibus Ballroad Company. 



Front St., M. and O. F.. Ii. Co. 
Fireman's Fund InBur'ncc Co. 
Merchant's Mutual M. Ins, Co. 
California InBnranec Co.. 

Union Insurance Co 

Pacific Bank 

People's Insurance Co — 
The Bank of California... 
Pioneer L"d & L'n Association 



91 

78 
IKK 



WOODS &FKEEBOKN, Brokers, cor. California and Leidesdorffstreets. 



REAL ESTATE TRANSACTIONS. 



Friday, July 26th. 



GRANTOR and grantee. 



DESCRIPTION. 



Dame s Grove, 100x125 

Folsom n 34th, 26x122:6 

Everson e Beacon, 36x100 

Kingston av s Berkshire. 25x100 

Falcon ne Moss alley, n 50 deg, ect; also, 

Corbett s Diamond alley, 8 30 dog, etc. 

20th w Sanchez, 114x50 



P D Maksoaloff to Wm Willis 

S F Sinclair to John Phillips 

Fairm't L As'n to L Schwazschild. 
Mis'n & 30th st Ex H to J Kennedy 
Market St H'd AB'n to II J Burns . 

Bnena Vista H As'n to Mary Burns 

College H'd Ass'n to J L Browne .iNcy w Congdon, 110x100 

D Murphy to John E Ford ILots 94 96 and 98. Gift Map 2 

A Mecartncv to John B Lewis Howard sw 2d, 25x155. .. . . . . 

I Wormser "to JM de Gallegos Sutter w Powell, 137:6x22:6.. 

L„ S Jose A Salazar. Sutter w Powell, 36:6x137:6. . 

Dennis Sullivan to Julius GrollmanXots 1 and 2 blk S, West End Map 2 
Wm Holl.s to Wm H Pierson Bryant n 24th 28x100 . .. .. . 



G S Wright to Oliver Eldridge"! '. '. lUnd l-24th Dry Dock at Ilirnter's Point. 



PRICE 



$1,000 

5 

380 

350 

1,000 
500 



12,479 

25,525 

250 

850 

4,479 



Xhe report of the Hudson's Bay Company states that the net pro- 
fits for the year ending May 31 amounted to £35,522, as against £'<:7,35o 
in the preceding year, and recommends a dividend of 12s. per share, mak- 
ing, with the interim dividend, 17%, or 5 per cent. 



THE DAILY FINANCIAL POSTSCRIPT 



July 29. 



OFFICE OF 1 FINANCIAL POSTSCRIPT, 

San Francisco, 12 M., July 29, 1872. 

Coin Movements. 
Borne weeks since ( a special car from the East arrived with green-backs 
to the Assistant Treasury. That car, on its return, July 6th, carried 
$2,000,000 coin to New York, Since then, in July, there has been paid 
out on transfer, mostly to the Bank of California, $2,350,000, including 
$500,000 on the 2Gth iust. This sum, with $500,000 June 14th, and 
$1,300,000 previously, makes $4,150,000 since January 1st, against the 
same sum in the same time last year. The amount of money paid in for 
duties in the same time has been $4,508,619. Deducting the transfers, the 
loss of coin by payments into the Custom House has been only $358,619 ; 
but the coin demand for export has been very considerable, reaching 
$6,176,987, including the drafts for Pern, which have been heavy, particu- 
larly this month, in which $1,515,000 has gone already to that country; 
at the same time the large demand for line gold for Japau has diminished 
the quantity sent to mint for coinage this month ; hence the necessity for 
the transfer of coin from the East through the Treasury. Some trans- 
fers have been required to pay for fine gold shipped to Japan, and the 
steamer of 1st of August will carry approaching $1,000,000 of fine gold. 
Iu addition to the export demand for coin, there is an active demand for 
the movement of the crops, which will involve further transfers of coin. 
The movement for the seven mouths from January 1st has been as fol- 
lows: 

Supply from Mint $9,143,540 00 

Supply from Treasury. 4,150,000 00 

Total supply $13,293,540 00 

Exporter! as above $6,170,987 55 

Paid for duties 4,508,615 35 

Total demand 10,685,602 90 

Excess supply $2,607,937 10 

This apparent increase of supply has been provided by the care of the 
banks in ministering to the most important wan'u of the coast trade, that 
is, an ample supply of coin for the service of the crops. To facilitate the 
coming of the crops to market is the true interest of the State and the 
public generally. 

Cotton in California. 

J. L. Strong, the leading cotton planter and advocate of cotton planting 
in California, writes from Memphis, Tenn., that the promise of tliis year's 
crop in the San Joaquin Valley is better than in Mississippi, and that on 
accouut of our dry summers the yield is larger and more regular here 
than there. He encloses the written opinions of several experts. S. O. 
Nelson, cotton broker of New Orleans, says the California cotton is equal 
to the best lowland cotton of Louisiana, and the value from two to three 
cents per pound above the average of the New Orleans cottons. W. T. 
Eustis, of Memphis, a cotton broker, classes the Merced cotton as "strict 
middling," and would have classed it higher if it had not been ginned too 
closely. It would sell for 24 cents, while the average Memphis cotton 
brings 22 cents. R. B. Clarke, of Memphis, thinks the Merced cotton 
should sell for 26 cents, and accepting Mr. Strong's statements that the 
cost of production iu California is 6 1-2 cents per pound, and the average 
yield is 500 pounds per acre, he calculates a net profit of $97 50 per acre, 
whereas in the Gulf States the average yield is 200 pounds, the sale price 
22 cents, and the cost to the producer 15 cents, leaving a net profit of $14 
per acre. About a thousand acres have been put into cotton this year in 
the Sao Joaquin Valley, mostly in Merced county, and it promises well. 
The e -tension of the railroad to the southern end of the valley, and the 
increase of irrigation ditches will furnish greatly increased facilities for 
cultivation, and make cotton better than wheat for counties remote from 

the market. 

Eastern July Dividends. 

It is said by the New York Eonomist that the July interest and dividends 
to be distributed in the three cities of New York, Boston and Philadelphia 
will reach an aggregate of $100,000,000, and that, notwitnstanding this 
large influx of coin and currency, it seems likely that the money market 
and the gold premium will be much disturbed during the next few 
months. It is clear that at least one-half of the interest disbursed on 
account of government bonds is due to foreign bondholders; and, al- 
though some of it may be reinvested in this country, enough is going 
abroad to advance the rate of exchange to that point which makes it 
profitable to ship coin. This, with the current commercial indebtedness, 
is why there is such a firm tendency in the gold premium, besides, the 
ease in the money market acts favorably to an advance of the gold pre- 
mium. ■» __^ 

The New Pacific Mail Steamships. 

A correspondent writing from New York, on the 20th "mst., says : " In 
regard to the new vessels for the Isthmus route, the frames are all up, 
and the plating is rapidly going on, of the two Pacific Mail steamers build- 
ing in the Delaware River Iron Ship Building works of Roach & Co., at 
Chester, Pa. These steamers are huge affairs, the one being three hun- 
dred and the other three hundred aud twelve, feet long, with each about 
forty feet beam." 

The Western Union Telegraph loan just placed on the London 

market gives the bondholders the option, at any time during the currency 
of the bonds, of converting them into shares at par. This option may 
become specially valuable should Congress purchase the telegraphs, as 
the Government has done in Great Britain. The bonds are quoted 2, 
2 1-2 premium- 



Death of Hon- Henry A- Lyons 
On Saturday last San Francisco lost one of her oldest citizens in the perBon of 
Hon. Henry A. Lyons, formerly a Justice of the Supreme Court of the State, 
Judge Lyons arrived in California, Boon after the gold discovery, from New 
Orleans, La., where he occupied a prominent position at the bar and in soeial life— 
a position which was fully recognized by the new community of which he became a 
member. He identified himself with the interests of the young State, which he em- 
ployed his talents and means to promote. With acquirements of a verynnusual 
order, which made him an acquisition to American society at home and abroad, he 
found his most congenial residence in California, which he adopted as his home, 
01 late years he had been prominently connected with the mining interest of the 
country, which loses one of its most useful promoters and friends. A man of wide 
aesthetic culture, he exercised an influence, the value ot which cannot he too highly 
estimated, while its effect in the circle which had the advantage of his acquaint- 
ance, "will survive him in many directions where his personal agency, in its fruits, 
will be unknown. His funeral will take place to-morrow (Tueseay) at 2# o'clock 
p. 3i., from Trinity Church, Post street. 



The San Joaqnin county assessment roll gained §130,000 passing 

through the hands of the Board of Equalization, making the total assess- 
ment ¥20,505,563. The Santa Cruz county Board of Equalization have in- 
creased the total valuation of all taxable proycrty in that county from 
$7,521,712 to 87,2ti2,780. Among the largest property owners on the as- 
sessment roll are mentioned : George Treat, total amount of assessment, 
§60,378, F. A. Hihn, 8148,134; Thomas Fallon, $54,990; Ford & Sanborn, 
§00,000; Davis & Cowell, §105,262; N. W. Chittenden, §108,600; Eugene 
Casscrly, 73,110; F. D. Atherton, §77,370. 

— — The State Board of Equalization have received reports of assess- 
ments made in San Diego, Santa Barbara and Tuolumne counties. In 
San Diego the assessment this year is §2,464,890, against §2,539,957 in 
1871; in Santa Barbara, §6,003,573 this year, against §2,309.928 in 1871; 
and in Tuolumne County, §1,267,200 against §1,183,542 for 1871. 

The list of vessels at present in port under engagement numbers thirty- 
eight, of which twenty-three load wheat, two barley, two flour, five lum- 
ber and railroad ties, one guano, one coal and four assorted cargoes. 
There are only four unengaged vessels in port. Of the wheat vessels, 
about one-third are loading. Two are full aud ready to clear, and three 
or four others are well along. 

The Pacific Mail steamship Colorado, which arrived yesterday from 

Yokohama, brings a report that cholera had broken out in Tedo. Sev- 
eral persons residing in the vicinity of Ninon Bashi, and thence to Shin 
Basbi, it is stated, had been seized and died within a few hours. 



The British "Bear." 

The Miniiiff World (London) gives an interesting account of the 
"bears" of the Stock Exchange, iu which it is instructive to trace the 
identity of family features presented by these animals in the tussle with 
their natural enemies, the "bulls" — whether in London, New York or 
San Francisco. The Mining World says: 

It may be that speculators, as a class, are not very scrupulous as to the 
means they employ to attain tbeir ends, but " bears" seem to be not only 
without scruple in the measures they adupt to further their speculations, 
but they must, nearly always be unprincipled, and often positively dishon- 
est. And they arc so because very often their objects are not attainable 
without the employment of false and dishonorable means. A "bear," 
to be successful in the long run, must almost necessarily be bold, cunning 
and unprincipled. He considers any means fair by which he can bring 
about a fall in prices, no matter how untruthful or slanderous such means 
may be; but he is generally clever enough to keep within certain bounds, 
so as to avoid exposure and prosecution. Short of this, he spares neither 
person nor thing, and never for a moment thinks of anything but his own 
profit, unless it it be his own safety, by trying to prevent evil rumors 
from being traced to him individually. The "bear," to be successful, 
must also be underhanded and mean in his proceedings, and often mys- 
terious. He will rather hint at certain things than give free expression 
to his thoughts, and, by saying a little in a mysterious way, he will leave 
a great deal more to be implied. But when the little that he has himself 
insinuated comes back to him from another source, perhaps greatly added 
to and increased in significance by the process of constant repetition and 
of passage from One person to another, he will then eagerly repeat the 
exaggerated story, making some one else, from whom he has heard it, re- 
sponsible for its accuracy, and carefully insisting that he knows nothing 
about its truth. Thus, working cunningly to attain his euds, he lies and 
insinuates incessantly, and the credit of neither a country, a company, 
nor an individual is safe from his attacks. But the "bear" does not 
work haphazard, nor generally without preparing the ground, so to speak, 
for his seed. He will catch hold of some atom of truth, turn aud twist it 
about, add to it, aud draw conclusions from it until the thing which he 
at length produces has sufficient appearance of truth and consistency to 
deceive some and puzzle a good many. When the occasion requires it, 
too, he will have figures and statements of accounts, by which he will 
prove that such a thing is a certainty, or such auothcr thing is an impos- 
sibility. The "hear" does not always limit himself to using his tongue; 
lie has other means at his command, which are sometimes more power- 
ful. He will issue pamphlets and circulars and circulate them to an 
enormous extent. When rendered desperate by the failure of his machi- 
nations, he will even resort to false telegrams and other still more ventur- 
some means of attaining his object. At times a clique of "bears" is 
formed, and as they become emboldened by the society and promptings 
of one another, thenJ designs, and the means they employ for accomplish- 
ing them, almost surpass description in their outrageous character. Yet 
these " bears " escape punishment, and frequently realize large profits. 
Their gains are usually made out of the losses of investors who know ab- 
solutely nothing of either "bulls" or "bears." Wc have heard " bears" 
try to justify their conduct by the plea that they are no worse than the 
" bulls" or 'speculators in the opposite direction, aud that they are out- 
fighting against the " bulls." But it is open to demonstration that sys- 
tematic "bearing" injures the innocent bona fide investor. It docs so, 
firstly, beause it frightens him into selling his stock at an unduly depre- 
ciated value. Secondly, it very ofUn seriously injures the property at- 
tacked, and sometimes it does so permanently. Altogether, it must be 
obvious tnat the systematic "bear" is not to be trusted, aud he is of 
necessity a bold, and often an unprincipled, speculator. 



Jn.v 29. 



OF THE SAN FRANCISCO NEWS LETTER 



OUR RA I LS. 

Pacific Railroad Terminal Work 
Potton log ire some statistics of the bnslneea dona tX the depots of the 
Central Pnclflc Railroad Company, on Fourth street : 
In tbe month of Mey there was ■ daily average arrival of sixty and a 
lepartnre of seventy-live loaded care. The amonnt of Inward 
Irejjrbt was 11,336 tone, and the outward 17,7:).', making the total amonnt 
».f freight handled. f..r the month of May, 84,088 tons, hi the month of 
Jane were was ^ dally average arrival or Bfty-flve loaded cars, and the do- 
partnn a were aboul tha same The amonnt «>f Inward freight was 12,28S 
tons, and the ontward ij.tii tons, making tbe total amonnt of freight 
handled for tha month of Jane, 84,949 tons. The Company employ about 
one hundred and twenty-live men in the offices and depot work :it this 
point, tor the payment of which the pav roll for June was $10,607, and 
wis amount la aooul the monthly average In this department. At the 
work on tha Mission Bey grant and at the Potrero, they employed In the 
month of Juno two hundred and ninety-five men and one hundred and 
iifi\ lour carta, end tha pav roll for labor there for that mouth was $25,- 
OtXK At the Oakland wharf the Company employ about sixty men, and 
the pay roll al thai place Is about 95,000 monthly. They are now loading 
wheat there, and from thirty to fifty ear loads of wheat arrive daily. Four 
or five vessels have already been dispatched, and it is expected there will 
be from sixty to one hundred vessels loaded with wheat at the Oakland 
pier dnring the season. Vessels are constantly arriving at the pier and 
discharging cargoes of lumber, railway ties, Fence posts and timber, 
w hlch are distributed to all the points In tha Interior to which tbe rail- 
widening the wharf so as to give more room for 
vessels discharging. 

San Joaquin Valley Railroad. 
Passenger trains are now running regularly on tbe San Joaquin Valley 
Railroad to Goshen, near Ylsalia, but the graders and truck-layers are 
now at work twenty miles or more to the southward, on the way to Ba- 
kerafleld, seventy-five miles beyond Visalia. A stage leaves tbe terminus 
every other day for Los Angeles, and passengers go through iu forty-eight 
bours by way of the Tcjon and San Fernando Passes. This route has 
Superseded tbe coastline for travel overland between this city and the 
southern end of the State; and when by the extension of the rails to Ba- 
kersfled the stage distance is reduced to 1(10 miles, the advantages of this 
route will be further improved. It seems probable now that Bukersfield, 
or some place in Its vicinity selected as the terminus of this season's rail- 
road work, will be a lively town in consequence of commanding a consid- 
erable trade with Los Angeles, Owen Valley and Arizona. Bakcrsticld is 
as near to Fort Mohivc us any port on the Southern Coast, and can be 
id tn less time, and may attract many of tbe travelers bound for the 
CeiTO Gordo mines and Northern Arizona. 



our jvn n e s . 

A New Gold Discovery. 

The Santa Barbara JVcm, of the 19th, says: u Gold has been discovered 
on the head waters of the Piro Creek, in the northeastern portion of this 
county, about fifty miles distant from this town. It is worth 19 per ounce, 
and is* found in eoarse flakes. Two companies of fifteen persons each have 
been organized to work these new mines. A water company baa also 
been formed to construct a ditch." 



Imperial. 

A San Francisco letter-writer says: "The Imperial-Empire shaft was 
originally to be built by contributions from the group of small mines 
which surround it, but this was, from inability, not carried out. The 
shaft was, however, sunk on ground belonging to the Bacon Company, 
and the question now is to buy at least the control of those surrounding 
mines before proceeding with the development which may run into them 
all. An otter has therefore been made to buy the Bacon, and some other 
negotiations are on foot. 

Belcher. 

The ore breasts are all looking as usual. The main incline is down 497 
feet below the 850-foot level, and according to the survey has 34 feet 
further to go in order to connect with the west drift from the 1,000-foot 
level. A drift or gangway east has been run 100 feet from the incline, 
which has cut into the ledge. The south drift at this level is being run 
to connect with the cast drift. The yield of the mine for the past quar- 
ter was $1,203,050, 

Crown Point. 

The daily ore yield continues about the same as before the cave. The 
main drift at the 1,200-foot level has been cleared of the debris of the 
cave and secured as far as possible. The cave extends to the 1,100-foot 
level, both timbers and ore having settled in places from that point and 
the drift closed up. The water is slowly being drained from the lower 
part of the mine, and when the 1,300-foot level can be got into again 
prospecting will be resumed. 



Savage. 

Daily yield 180 tons of ore, worth $28 per ton. The incline is down 100 
feet below the 1,500-foot level, and making but moderate progress, the 
rock in the bottom working quite hard. The ore body struck last week 
in the south cross-cut of the 1,500-foot level is increasing in its assay 
value, and bids fair to add another valuable body of ore to the wealth of 
the Comstock. 

Silver Hill. 

Sinking and enlarging the shaft. The drift on the 125-foot level has 
crossed the east ledge. The average of the assay for a width of 17 feet 
is $26. During the ensuing week the pump will be placed in position in 
the shaft, and drifting for a new level commenced at the bottom. 



Hale & Nor cross. 

Daily yield about eighty tons of ore from the upper levels. Prospecting 
is still carried on iu the 1,500 foot (lowest) level. 

Consolidated Virginia. 

On tbe 500 foot level cross-drifts have been started to the east and west, 
and a cross-cut is now in progress from the end of the drift leading from 
the 1,166 foot level of the Gould & Curry mine. 



Justice. 

The water being drained from the main shaft, the drift for the ledge at 
the 400 foot level is reopened and the ledge will be cut in about two weeks. 
The ore found in Waller's Defeat ground pays well, containing con- 
siderable gold, 



Pioohe. 

The new .strike nn the UO-foOl level Lfl not looking well. ThflStOpflfl 

between the fourth and tlftii stations bare Unproved. The bullion ship- 

nun! contlnnoaaa usual. Pulp assay* from the battery during the past 

week enow an average of 8900 per ton. The dispatch from the mine to 

apany. dated 27th, says: "We have struck eight inches of ore in 

easl drift of fifth level; it is now boing u»sayed. The ore in faco 

of drift in first level Is two feet ten Inches: average, 1091 North wince 

down nineteen feet; ore tWO and one-half feet ; average, $240. South 
winze down thirty feet ; ore nt the bottom two feet ; average, $175." 

Opfair. 

The new engine-bed will be in place and linking the Shaft resumed In 
about eight days. The mirth drift of the 1,100 foot level Is still driven 
ahead with no change to note. The west drift of the TOO foot level is 
in 40 feet. 

Chollar-Potosl. 

Daily yield 186 tons. Tb retimber'mg of the main shaft will be eom- 
pleted, probably, within the next two weeks, when the intention hi to 

Milk deeper. 

Yellow Jacket* 

Daily yield 2"> tons of ore. The 1,500 foot station from the incline is 
being opened. The drift north at tbe 1,300 foot level is still progressing, 



Gould & Carry. 

Prospecting goes on as usual on the lowest levels. Drifting north is 
commenced ou the 8th level, aud the east drift at the 10th level is uow in 
about 200 feet, with the face iu hard porphyry. The incline is still sinking. 

Overman. 

The 1,100-foot station is opened for the drift to the ledge of that level. 
The drift west at the 1,100-foot level is in 470 feet. Two new engines and 
boilers are being put up at tbe hoisting works. 

Kentuck. 

Daily yield about fifty tons of fine ore from the old fifth and 6ixth 
levels. A drift is commenced at the 400-foot level. Tbe 1,300-foot level 
still continues full of water. 

Woodville. 

The daily yield of this mine will be increased next week, in order to 
supply an additional mill. 

Sierra Nevada. * 

Daily yield forty-five tons, from the lower mine. A great deal of pros- 
pecting is being done. 

Sutro Tunnel. 

Total length, 2,978 feet. The rock is very hard in the face of the tun- 
nel, but blasts well. Tbe various air shafts are progressing well. 

K n ickerbocker . 

The 400-foot station timbers have been put in, and sinking the main 
shaft is resumed. 



Baltimore. 

New shaft down 178 feet: water is coming in. 



Meadow Valley. 

On Thursday afternoon last the Summit hoisting works were found to 
work satisfactory. Works will be commenced at this point as soon as the 
cages are in position. 

Page & Fanaca* 

Shaft now down 306 feet, and sinking. The hoisting machine is ready 
to start up as soon as the steel cable, now on the way, arrives. 

American Flag. 
Usual quantity of ore beiug raised and shipped to mill. The machinery 
for the hoisting works is now nearly all on the ground. 

Feavine. 

Resumed work on Friday morning last, under the superintendency of 
Jerry Dayton. At present cleaning out ol d drift. 

Mocking Bird- 
Shaft now down some sixty-five feet, following the hanging wall of the 
vein, which pitches into tbe hill to the south at an angle of about seventy 
degrees. Vein four feet wide on an average ; walls irregular. 



The New York Exchanges. 

New York, July 19, 1872. — The gold room continues active, and the 
premium steady. Foreign exchange is strong, being in sympathy with 
gold, but the actual transactions were light. From "the July statement 
of the public debt it appears that the amount of six per cent, bonds 
was §1,374,883,800, and of five per cent., $414,567,300, the total of the in- 
terest being £103,221,393. Then there is a large amouut of State, city 
and corporation bonds that carry good interest, which must be provided 
when the interest is due abroad by bills of exchange or the actual remit- 
tance of coin. Careful estimates make the total gold interest, including 
interest on Government bonds, payable and owned abroad, at 8150,000,000. 
Bankers can now ship specie, with exchange at 109 5-8, where they have 
their own houses on the other side, for the reason that heretofore the 
steamers charged one-half per eeut. for carrying specie to Liverpool, and 
there was an additional charge of one-half per cent, land carriage from 
Liverpool to London, while the insurance was one-half per cent. Now, 
one of the German steamship lines delivers specie from New York to the 
Bank of England for one-half per cent., just one-half the old charge, and 
the insurance companies have reduced their rate to 3-32 per cent. Ad- 
vices from London state that double eagles have advanced recently. Some 
of the bankers here have been buying in anticipation of an advance in the 
Bank of England rat e of discount. 

Foreign Loans in London. 

London, July 6th.— The following installments of foreign loanB have 
fallen due during the present week: The Paraguay Eight per Cent. Public 
Works Loan of 1872, for £2,000,000, 20 per cent. ; the Peruvian Five per 
Cent Loan, of 1812, for £15,000,000, 12 1-2 per cent.; The Arkansas Cen- 
tral Eight per Cent. First Mortgage, for $240,000, £30 per bond ; the Mil- 
waukee and St. Paul Seven per Cent. First Mortgage, for £600,000, £30 
per bond; the Northern Pacific Land Grant Bonds, for §4,000,000, 20 per ■ 
cent. ; the Philadelphia and Reading Six per Cent. General Mortgage, for 
£600,000, £40 per bond; and theTaamanian Main Line Debentures, for 
£600,000, £15 per bond. 



THE DAILY FINANCIAL POSTSCRIPT. Jolt 



THE BANK OF CALIFORNIA. 

SjauIIS - FRANCISCO. 



Capital, - - - - - - $5,000,000 

D. 0, MILLS, President. T W. C. RALSTON, Cashier. 

.A.GENTS: 

InNew York, Messrs. Lees and Waller; in Boston, Treinont 

National Bank; in London, Oriental Bank Corporation. 

t3p The Bank haa Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
of the Pacific Coast 

mmmmwm ef Ctaafllt Issues* 

Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan and Australia. 

Exchange for Sale on all the Atlantic Cities. 

i>:r,aw direct oiv 

London, Dublin, Pari3, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frankfort-on-tbe-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AMD SAN FRANCISCO BANK 

T.TM|iMI.!li. 

With which has been consolidated the business of 

I^JRJEfcOTT «fe OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 



C£i2P>it£vl, - - 83,000,000. H.©s©rT7-© IF'-u.an.ca., 8300,000 

^i • >^ 

Of which $3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

SAN FRANCISCO OFFICE, 433 CALIFORNIA. STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodewald, Esq., Chairman; H. L. Bischoffsueim, Esq. (Messrs. Bischott'sheim <& Goldschroidt) ; J. F. Flemmich, Esq. (Messrs. F. Hntli 

&Co.); E. 'H. Green, Esq. (Me6sra. Russell and Sturgis, of Manila); Julius May, Esq. (of San Francisco), Frankfort-on-tlie-Main ; 

J. S. Morgan, Esq. (Messrs. J. S. Morgan & Co.) ; Baron H. de Stern (Messrs. Stern Brothers); Rudolph 

Sulzbach, Esq. (Messrs. Sulzbach Brothers), Frankfort-on-the-Main. 

Manager in London : - - - R. D. PEEBLES, Esq. 

Presides! iu Sb,u Frasoiscos M££»TOH So L&TH&M „ 

Assistant Manager (San Francisco), CAMILO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, ........... ALFRED BANNISTER. 



The Bank is prepared to tranpnet all kinds of General Banking and Exchange Bnsiness, in London and San Francisco, and between said Cities and all parts of the 
world. The San Francisco Office! s authorized to draw Bills of Exchange or issue Letters of Credit npon either of the under-named Founders and Proprietors of the 
Bunk, or (at the option of the buyer) upon the following Houses, with whom the Bank has established credits, viz : LONDON— The London Joint Slock Bank, No. 5 
Princess Street ; Messrs. Bischott'sheim, Goldschmidt & Co.; Messrs, Fruhlins; & Goschen ; Messrs. Frederick Hath &: Co.; Messrs. J. S. Morgan & Co. (successors to 
Messrs. George Peabody & Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Drexcl, Morgan & Co., 53 Exchange Place. BOSTON— Third National Bank. 
PHILADELPHIA— Messrs. Drexel & Co. PAEIS— Drexel & Co.; BischoflBheim. Qoldschmidt & Co.; Messrs. A. J. Stem & Co. FRANKFORT-ON-THE-M AIN-Mr. 
Gebruder Sulzbach ; A. J. Stern A Co. GERMANY— Bank of Saxc Meiningen. AMSTERDAM— Banque de Credit and Depot des Pays BaB. ANTWERP— Nottebohn 
Brothers ; F. R. Bischofl'slieim. HAMBURG— John Borenberg, Goasler & Co. BERLIN— Deutsche Bank Actien Gest-llschaft. GENOA— Dapples & Co. NAPLES 
and FLORENCE— Anglo-Italian Bank. VALPABAISO and LIMA— Fred. Hath, Gruning & Co. MANILA— Russell & Sturgis. CHINA and JAPAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Australia; Bank of New South Wales. IRELAND— Provincial Bank of Ireland, 
and all its branches, viz : Dublin, Cork, Limerick, Clonmel, Londonderry, Sligo, Wexford, Belfast, Waterford, Galway, Armagh, Atalone, Coleraine, Kilkenny, Ballina, 
Tralee, Youghal, Euniekillcn. Monaghan, Banbridge, Ballymena, Parsonstowu, Cavan, Omagh, Dungannon. Bandon, Ennis, Ballyshannon, Strabane, Dnngarvan, Mal- 
low, Coolehill, Kilrosh, Skibbereen, EnniaBhortay, Fermoy, Newry, Drogheda, Nenagh, Templemore, Carrick-on-Suir, Carrick-on-Shannon, Clogheen, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID TO SELLING CALIFORNIA SECURITIES IN EUROPE. 

Collections* Purchases of Real Estate and Mining Shares, and Investments of all kinds in California. 

MILTON S. LATHAM, President. 



BEN. HOLLADAY, President, 

S!a.U! Psaaeisco. 

WM. NOEBIS, Vice-President, San Francisco; HOLLADAY & BEEMHAM, General Agents, San Prancisco. 

Dispatch Steamers to tlie ibllo-*ving places. 

ffiert&ens Settles 

Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

gSftttttaerffi Settles 
Santa Cruz, Monterey, San Simeon, San Luis Obispo, Santa, Barbara, Los Angeles, Anaheim, San Diego, Etc. 



Cape St. Lucas, Mazatlan, San Bias, Guaymas, and JLa Paz. 

OFFICE ; 217 Sansonie Street, San Francisco. 

The Premium Shirt Maker, Mrs, EVELINE MORRIS, 526 Kearny Street 



ADVANCE SUBSCRIBERS CAN HAVE THEIR COPIES MAILED FREE FROM THE OFFICE. 



Pries, single copy. Scenta; per Week, 
25 cants ; per Annum, including Postaga 
to an)* port at the world. Twelve Dol- 
lars. Printed and Published by Frederick 
Mi mutt, No. <Oi Montgomery Siroat, 
San Fraacimco, CauToruu. 



mi 



rod immediately on thu arrival of 
tho mails in Now York. Liverpool. London, 
Paris, H-i. fort, Berlin, Suez. 

■ftrftmirHiTit, Yokohama, Shanghai, Horrg- 
konp, Mi i lan«\ Sydnov and 

Inlands 01 (ho F.icit>c 




[Established July 20, 1856,1 

WITH LATEST DIAMOND NEWS FROM NEW MEXICO. 



Dispatched Daily hij the Mails to every Monetary and Commercial Venter throughout the World. 



Vol. 1. 



SAW FBAH0ISOO, TUESDAY, JULY 30, 1872. 



No. 8. 



OFFICE OF FINANCIAL POSTSCRIPT, 

Sun Francisco, Ji M.. July :iO, isri. 



G' 



BULLION, MONEY AND EXC HANCE. 

OLD BARS, 860 to 70. Silver Bars. 1 1-4 Discount. Treasury Notes 
are selling at 87 1-4 to 87 3-4. Mexican Dollars, from 8 to 8 1-2 pre- 



EXCHANGE ON N. YOEK, 1-2 per cent. prem. for Gold; Currency, 13 1-2 
per cent On London: Bankers, 49; Commercial, 49 1-2; 1'aris: 5f. 
per dollar. Telegrams, 3-4. 

PEICE OF MONEY HERE, 1 to 1 1-4 per cent, per month— Bank rate. 
In the open market, 1 to 1 1-2 per cent, per month. The demand is 
active. 



SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



SHARKS. 
....073 
.... 50 



Opbir 

Do 

Do .... 
Gould & Curry.... 47 

Savage 115 

Do 85 

Chollar 40 

Do *> 

Crown Point 265 

Do 17(1 

Best and Belcher..: 10 
Hale & Nercross ... 115 

Do 120 

Do 10 

Do 10 

Yellow Jacket — 175 

Do 50 

Imperial 1740 

Do 20 

Empire 400 

Best and Belcher... 10 

Belcher 320 

Do 100 030 

Confidence 400 

Cons. Virginia 820 

Do 50 

Justice 00 

Succor M, M 155 



LOW 


HIGH. 


50 


52 1 




O30 52 




bS 50 


175 


180 


168 


165 


165 030 169 




108 




D30 110 


142, 


. 146 


148 b30 150 




7 


83 


84 




b30 86 




05 84 




b3 S3X 


US 


143 




030 145 


VA% 13Si 




b30 n% 


1SX 11 




7 


109 


112 


112,« 115 


11J 


i 12 


34 


36 




bS 364J 


13 


11 


5 


5;., 



SHARES. 

'Julia 60 

Buckeye 60 

Do 50 

Caledonia 290 

Do 50 

Bait. American — 100 

Overman 75 

Knickerbocker 170 

Arizona and Utah. .200 

Silver Hill 150 

Eclipse 605 

Do 50 

Central 60 

Empire 400 

Alpha :...156 

Siorra Nevada 255 

Daney 100 

Exchequer 40 

Do 20 

Seg, Belcher llu 

Do 40 

Globe 200 

Baltimore 50 

Bacon 10 

Union Con 100 

Woodville 400 

New York 50 



LOW. HIGH. 

i;v 7 
.... b30 i 



62 



8X 



63 
03>f 

Ol- 

00 
83.1 
>.' 2« 
1 
14 
1)30 14.',< 
11 



13 


i " 


61 


62 


16 


H 16; 




,1 




22 




D30 23 


22 


« 125 




bSO 129 




2? 




3 




80 



5 
IX 



At the California Stock Exchange Board. 



SHARES. LOW. 



American Plag — 10 

Adam's Hill 100 

Belcher 77 

Caledonia 5 

Eclips3 20 

Golden Chariot.... 30 
Huhn and Hunt.. ..200 

Imperial 70 

Louise 575 

Meadow Valley — 10 
Ophir 45 



20 Do 5 

3A,' Pea Vine 200 

... b3 110 ] Page & Panaca.... 200 

62.» Pioche 00 

14 I Revenue Cons 400 

12)i StarCons. 50 

iX Savage 10 

133;f 14 Golden Chariot 305 

2>i Sierra Nevada 50 

16X Woodville 50 

53>£ 51 Washoe 200 



LOW. 

.... S3 



30 
6,Hf 



2« 



HIGH. 

53 
IX 

2K 
31 

6X 

IK 
163 

3JS 
17 

5 

2X 



The Alameda Board of Equalization has increased the assessment of the 
Central Pacilic Railroad Company, in Alameda county, from $6,000 to $7,- 
500 per mile. They also rescinded all former action in striking a mort- 
gage for purchase money from the roll, and decided that all mortgages 
must be taxed. 

The Emma Mining Company of Utah (London organization), de- 
clared a dividend of £15,000, or six shillings a share, during the month of 
Jnne. The Flagstaff Company declared a dividend of £7,875, or fifteen 
shillings n share, in the same time. 



LATEST TELEGRAPHIC NEWS. 



Consols, 92'.; for Money 
count. 



I.OMJU.V. .11 l.Y 30. 

92Ji- for Ac-||Liv'p'l Wheat Market, lis. Od.i&lls. 10 

llunitsd Stat;s 5-20 Bonds, ill 1 ,. 

NEW XII1IK, JULY 30. 



Gold opened at 114'.; ; 11 a. h. at 114>„; 

Sterling Exchange, mil v« llu' . . 

Flour, — . 

Pacific Mail, 70 s k. 

Wells, Fargo & Co.. 89. 

Oil, S perm, qniet, $1.3S/f,*l..ul ; Win- 
ter Bleached, Ji.iiikSSl.6S: Whale, 
firm, 70@160c. ; Winter Bleached, 
T8@75. 

Hides, drv, 23',©24Xc; ealted,12w 12 ' , . 



Unitei States Bonds — Five-twenties of 
1862,116; 1867,115k. 

Wheat, — 

Barley, — 

Ouicksilver Mining Company, 12 ' c . 

Cotton, quiet. 21Jtfc. 

Wool, Sprinss fine, SSsf, 45e; Burn-, SO® 

3.V.: l'iillcd,5Uir,i60c.; Fall t-'liu's, 32|(B 

37c. Burry, 20@25c. 



YESTERDAY AFTERNOON SALES 

At the San Francisco Stock and Exchange Board. 



SHARES 
Alps 150 

American Flag — 270 

Do 200 

Adam's Hill 230 

Bowery 120 

Belmont 200 

Condor 50 

Confidence 325 

Chief of the Hill... 2nd 

Chapman 200 

Eureka Cons 440 

Do. .... 50 
Do .... 50 

Excelsior 310 

Empire 310 

Eclipse 195 

Do 10 

Huhn& Hunt 885 

Ingomar 610 

Independent 75 

Insurance -too 

Imperial 10 S| I 



.ow. 


lion. 
3JS 


19AT 


20 


... 080 21 


3 


"X 




2'.j 




8« 


11JK 


12 




<S% 




IX 


26X 


27', 


... S30 


27 


. . . b30 


27« 


13 


11 


1*=« 


UiC 


18,'i 


14 


... 1)30 14,'., 


4 


4X 


Vi 


2 




IX 




8* 


13', 


18X 



SHARE*. 

Jackson 10 

Meadow Valley — 165 
Do .... 50 

Mocking Bird 275 

Mammoth 200 

Mahogany 600 

Do 1150 

Noonday 100 

0. H. Treasure 90 

Pioche 685 

PeaViue ....2550 

Phmuix 1700 

Do 200 

Raymond & Ely. . .130 
Do, ...100 

Sierra Nevada 70 

Star Con 50 

40 

Do 20 

Wask'n& Creole.. 310 

Yellow Jacket 115 

Do 00 



LOW. H1GU. 

90c 

ii)>; iex 

... b30 17 
2« 
70c 
19>i 

. . . b30 20 
20c 



IX 

29 

IX 

4 



30 
IX 
4X 
b:» 4X 
152>j 
b30 155 
10X 
Hi 
102.!* 
bS 103 

5V 
142X 
b30 143 



At the California Stock Exchange Board. 



SHARES. LOW. IIH.IJ. 



SHARES 



Cons. Virginia 20 

Eclipse 20 

Eureka Cons 20 

Huhn & Hunt 00 

Imperial 295 

Jackson 200 

Louise 280 

Meadow Valloy — 6:) 
Ophir 15 



13K 



l!,i 
li'.'» 



85 PeaViue 1500 

14 Pioche 60 

26'., RevenasCon 900 

I', Starling 70 J 

13« Silver Hill 10 

90c Succor 5(1 

2 Yellow Jacket 10 

1 (>'.,• Do 20 

55 



rd. 

LOW. 


HIGH. 


1 


IX 


30 


30X 




OX 




40c 




7.\ 




5'., 




145 




S3 144 



Hongkong, June 2S, 1872.— Exchange and Bullion— Kates for Sterling 
have fluctuated considerably during the fortnight. Rupee rates have also 
been affected by the lhlctuation in Sterling. On London, :J0 days (bank), 
4s. 5 3-8d.; do. (j months, do.. 4s. fi 1-8 d.: San Francisco, 6 months (pri- 
vate), 12 1-2 per cent, discount. Bar Silver, 17 dwts. B, 8 1-2 per cent, 
premium. Clean Mexican Dollars, 8 per cent, premium. Gold Bars (98 
touch), ¥22 90 per tael weight. Sovereigns, $4 54; ¥20 United States 
Gold, SIS 55. 

Exports of gold bullion monthly from San Francisco for the past. 

six months have been— January, $084,701; February, $134,232; March, 
$1,145,053; April, $506,365; May, $2,088,594; June, $431,679; July, 81,- 
666,101. Total, $7,027,415. Total, 1871, $3,463,040. The exports to 
Japan embraced about $2,000,000 of returned gold, but the steamer of the 
1st will take $1,000,000 on commercial account. 

The net earnings of the Union Pacilic Railroad for May, as offi- 
cially reported, were $419,727, against $379,110 for the same month last 
year.. 



THE DAILY FINANCIAL POSTSCRIPT 



July 30. 



0\ ^A|©^ ;g9 




%»&■%• 



Special Edition for Australasia, New Zealand and the Islands of the Pacific 



For some time past we have had it in contemplation to pnblish a 
Special Edition of tiie News Letter, to be dispatched by each steamer for 
circulation among the 

Two and a Half Million of English-Speaking People in the 

Australias and New Zealand. 
We are satisfied that a grand opening for the commercial enterprise of 
our people is to be found in that region. To prepare the way for closer 
commercial and industrial relations, to make known the business advan- 
tages we have to otter, to popularize the route via San Francisco, so as 
to divert this way a very much larger share of that vast stream of travel 
which takes place between England and her Australian possessions than 
we have yet secured, aud to furnish the colonists with that which they 
look so eagerly for upon the arrival of each steamer, namely : 
A Brief Summary of the Most Important Item of News from all Farts 

of the World, 
an intelligent and effective publication is required, conducted with a 
special knowledge of Australian as well as of California.!! interests. With 



a view to supply this we have tor some time been in communication with 

the leading News Agents in 

Honolulu, Melbourne, Sydney, Adelaide, Bvibhane, Auckland, Dunedin^ 

Wellington, Lyttleton, Ballarat, .Sandhurst, Gcelong, Castlemahte, 

ana the Principal Inland Towns, 

aud have succeeded in making arrangements so satisfactory that on 

Tuesday next, at noon, we shall publish the first number of our special 

edition for circulation in Australasia, New Zealand and the Islands of the 

Pacific, to go by the steamer which sails on Wednesday. This edition 

will contain the 

Very latest Market Heports, 

and should therefore be sent by merchants to their correspondents. It 
will be a welcome present to friends at the small cost of 15 cents. As an 
ADVERTISING MEDIUM, it should be availed of by our Merchants, 
Bankers, Hotel Keepers, Railroad Men, Telegraph Companies, Wine Mer- 
chants, Wool-brokers, Agricultural and Mining Machinists and Seeds- 
men, by all of whom there is business to be done in the Colonies. 



FIRST NATIONAL GOLD BANK OF SAN FRANCISCO, CAL. 

Paid up Capital, SI. 500,000, ttolfl. FreKidenl. <ie«. F .Hooper: Vice- 
President, Samuel Hort ; Cashier, N. K. Masten. Directors— Geo. F. Hooper, 
Peter Donahne, Charles (1. Hooker, M. P. Jones, James Moflltt, JameB C. Flood, 
Edward Martin, D. Callaghan, Samuel Hurt. New York Agents— Jay Cooke & Co. 
London Agents— Jay Cooke, McCulloeh & Co. Exchange for sulc on the principal 
cities of the United States, Great Britain and Ireland. Commercial Credits issued 
available in Europe, China and Japan. This Bank is prepared to transact a general 
banking business. Deposits in Gold, Silver and Currency received subject to check 
or on special deposit. Collections attended to and prompt returns matic at the low- 
est market ra te of Ex.clm.uge. w _ a l'_i'__ 

THE BANE OF CALIFORNIA, SAN FRANCISCO. 

Cnpltiil. &>,000.0oo. I>. O. Mill*, E 3 re*id«nt; V. C. l£:t)hfoit. Cashier. 
AGENTS— In New York, Messrs. Lees & Wailbr ; in Boston, Tkhmont Na- 
tional Bant:; in London, Oriental Bank Corporation. Letters of Credit issued, 
available for the purchase of Merchandise throughout the. United States, Europe, 
India, China, Japan and Australia. Exchange for sale on the Atlantic Cities. Draw 
direct on London, Dublin, Paris, St. Petersburgh, Amsterdam, Hamburg, Bremen. 
Vienna, Leipslc, Sydney, Melbourne, Yokohama, Shanghai, Hongkong, Frankfort- 
o n-the-Maln. March 2S. 

NEW ENGLAND. MUTUAL LIFE INSURANCE CO., OF BOSTON. 

Hn*t tranaaeted Hit* biiMi)te«K of l.iiV* lnsuranrii for over n mwi'lor 
of a century. Its assets amount to over Nine Million Dollars. Tne law of 
Massachusetts makes kill its Policies nonforfeitable. It it* a Purely Mutual Company, 
dividing every cent of surplus among Policy-holders. This is the only Company 
on the Pacific Coast governed by the MassaclHisetts Lapse Law. 

WALLACE EVEKSON, General Agent. 
April 23.] N.E. cor. California and Sansome sts., opposite Bank of California. 

FLEE AND MARINE INSURANCE. 

The Fireman's Fund Inauranee Company, of Nan Franeir«eo, Cal- 
ifornia. Organized April 25, 1863. Capital, $500,000, fullv paid in gold coin. 
Fire, Marine. Harbor and Inland Transit Risks, on terms as favorable as any oilier 
reliable first-class company. Greatest amount taken on one risk, $50,000. Portions 
of risks considered too large will be re-insured in responsible companies. Losses 
promptly paid in United States gold coin. D. J. Staples, President; G.T.Lawtou, 
Vic e-Pre s ident; Charles P.. Bond, Secret ary. 

NORTHERN ASSURANCE COMPANY, OF LONDON AND ABERDEEN. 

Subscribed Capital, SlO.OOO.OCO : A<t ugiiuSattd furtl. P5.77fl.0fl0; An- 
nual Fire Premium, $1,OC5,000. Losses Promptly Paid in IT. S. Gold Coin. 

AY. L. BOOKER, Agent, 
[Jan. 13.] No. 311) California street, San Francisco. 
V3T~ The Policies of this Company are not only guarantied by the Capital but by 
the unlimited personal respon sibility of fully seven hund r ed Shareholders. 

FRENCH MUTUAL PROVIDENT SAVINGS AND LOAN SOCIETY. 

Tnin<,« -fifth Semi-Ami nnl I>ividend A SHvicIenil ofSiiue per cert. 
per annum net (I) per cent.) upon the operations of the French Savings and 
Loan Society lor the six months ending June •j'Jth.lS'iS, has, in eonformitv with the 
report of the Committee of Verification appointed bv the members of the Society, 
been declared by the Board of Administration, at the Semi-Annual Meeting held o'n 
the n,t]i instant. This dividend will be pavable on and after the ifth instant, at the 
* olHceof the Society, 411 Bush street. GUST AYE MADE, 

■J ul y *0. Director of Frenc h Sa vings Bank. 

GERMAN SAVINGS AND LOAN SOCIETY. 

Guarantee Capital, 8200.000. — Oniee 312 California Street, South 
side, between Montgomery and Kearny streets. Cilice Hours, from 9 a.m. to S 
p.m. Extra hour on Saturdays from 7 to S p.m., for receiving ol Deposits onlv. Loans 
made on Real Estate and other collateral securities, at current rules ui interest. 
Georqk Lette, Secretary. [Jan.yj.l L. GOTT1G. President. 

SECURITY SAVINGS BANK— GUARANTEE CAPITAL, 3300,000. 

OOieerK: Presides' t, Jchn £*arrolt: Vicc-IVrsMf*-? (. I!esn>v M. Bab- 
cock: Secretary, T. F. Bacon; Attorney, Sidney V. Smith. Loans made on 
Heal Estate and other Approved Securities. Office : No. MJ4 Sansome streei iFricd- 
lander'e Building), opposite theJ3ank of California. San Francisco. Oct. 1 1. 

SAVINGS AND LOAN SOCIETY, 
fJlA Clay street. San I"ranei»co. Jii!.v 1Kb, 1H7£.-—Ata meeting rift he 

UX»7 Board of Directors, held this day, a Dividend ofXine per cent, per annum, 
for the six months ending June si-th, 1* 2, was declared on all deposits, tree of Fed- 
eral Tax, and payable on and after MONDAY, July liith, 1ST2. 
Julyau. LY IU'S \Y. CAIIMAN Y. Cashier. 

DIVIDEND NOTICE. 

The<;enuau 8avin|mn»il Lonn fcoeiety.— 'I he Board of SHreetorN of 
the Society have declared the dividend for the six months ending June :;0th, 
18,3, ftt the rate ot CJ 8-;. per cent) nine and three-fifths per cent, per minimi on Term 
Deposits, aud (8 per cent.) eight pi-r cent, per annum on Ordinary Depths, five vi 
Federal tax, payable on and after Monday, the Uth July. By order 
July 8- G'EORGF. LETTE, Secretary . 

REMOVAL. 
he Ueriunn Savings and Loan Soeietv has removed i(- office to Xo. 

526 California street. Jane), 



T 



THE KIMBALL CAR AND CARRIAGE MANUFACTURING COMPANY. 

Corner Fourth and Bryant ntti-eets. Miin FraiiciKCO, have on hand 
of their own manufacture, and consigned to them from the best Eastern 
makers, for sale, vehicles of all kinds, styles and sizcb, consisting of Barouches, 
Clarences, Coupes, Hack;', Phaetons, Charabancs, End, side or "WooilC Spring, Open 
Buggies, Top Buggies, Express Wagons, Delivery Wagons, Vegetable Wagons, Car- 
pels, Hugs, Whips, Lamp>, Robes, Lap and Horse Blankets. Particular attention 
is called to our celebrated Wood c Spring Buggies, Carriages, Carryalls, and Rock- 
awavs, which are rapidly superceding the old-fashioned makes and stvies, both on 
account of their remarkable lightness, durability, and the new and highly orna- 
mental style of body mountings. Having but litile metal in their construction, ex- 
cepting in the tires, they have only the weigh! with all the strength, of the toughest 
ash and hickory woods, and run without the usual creak and clatter of irvn and steel 
built buggies. The ease with which they carry Is uncqnaled. The company have for 
sale new and second hand stage coaches, stage wagons, farm wagons, headed wag- 
ons, freight wagons, army wagons, ambulances, horse carts, hand carts, and also 
street railroad cars. Having the largest and most complete manufacturing estab- 
lishment of its kind in the United states, with large supplies of the best seasoned 
material on band, we are prepared to build to order on short uoticc, and in all cases 
guarantee the material and workmanship. Parties desiring to purchase are invited 
to call and inspect our stock before buying elsewhere. The Kearny and Fourth street 
cars going south will land visitors at the door of manufactory. Warning is hereby 
given that all infringements upon the patents of this company, viz: for the Wood 
C Spring and the Steel Centered Axle, and the Steel Center Plate, will meet with 
prompt and energetic prosecution to the fullest extent of the law. Nov. ^U. 

REMOVAL AND CHANGE OF AGENCY. 

lie public are invited to take notice th:it theiEtt-a IrituraiireCom- 

_ pany of Hartford, have removed from the corner of California and Lcidcsdnrli' 
streets, to the opposite Bide of California street, Xo. 1-1 Merchants' Exchange Build- 
ing. Also, that they have recently appointed the undersigned ibeir General Agent 
for this Coast. All business of the Company will be attended tout their new loca- 
tion, by the newly appointed General Agent. The old -£tna has cash assets of 
$5,05-;,S&),and an experience of Fifty Years in the lire insurance business. 

GEO. C. BOAKDMAK, General Agent. 

Wm. Macpoxa Li). A g e n t. Aoy.21. 

DIVIDEND NOTICE. 

San Fa-nnclprn Savings (talon. S32 California frirecl. rorrer Webb...- 
For the half year ending with LOUi .June, IS. 2, a dividend has been declared at the 
rate of nine and six-tenths (i. K-H.) per cent, per annum on Term Deposits, and eight 
(S) per cent, per annum on Ordinary Deposits, free of Federal lux on deposits, pay- 
ableon and after Hth July, lSiU. By order. LOYELL WHITE, 
July 0. Cashier. 

THE LONDON AND SAN FRANCISCO BANK (Limited). 

Sell Draft* on Yokohama, StoiigStoiiK, bhanehai and Mnn III. nt 
sight or on time, in sums to suit._ July 4. 

MASONIC SAVINGS AND LOAN BANK.~~ 

Guaranteed Capital, 8150,0*0, ©fitce, So. 6 E»«st street, Mj.homIc 
Temple, San Francisco, California. LEONIDAS E. PRATT, 

Geo. Rubins, Secretary. [April If;.] President. 



T 



411 



FRENCH SAVINGS AND LOAN SOCIETY. 
Bush sisN-c-f. above Kearny. CJ. lUnhe. Tiirector. K>oair«i ni.nile 

on real estate and other collateral securities at current rates of interest. 

J. SELIGKAN & CO., 

BauStei-s. No. 412 California street. — Kxchanpe ard 'JTelcerspltic 
Transfers for sale, payable in Gold or Currency, in sums tn suit, on all principal 
cities of the United States. Also, Bills ol Exchange on the principal cities of 
Europe. Dec. 24. 

D. P. Verdenal.] POULTERER & VERDENAL, [T. J. Poui.teker. 
Otnek RinkiaK,San FraueiKeo Stoek and E* i -bai ;rt- Board, 3S3Calf- 

kj fornia street. May Jl. 

CALVERT'S CARBOLIC SBEEP "WASH. 

Silver .7.:.*<l;,l. Fm'ift. 1857: tioldnnd Silver Meflal. Havre. J8«K; Di. 
plome d'Excellence, Amsterdam, and Diploma d'Honneiir, Santiago, Chili. 

EDWARD JACKSOX, Sole Agent for lite Paeilic Coast, 
June 15. .up Saeraiuentostreet . 

EDINBURGH ALE. 

Rdn'ii Ytm; (^'v'n t'elebra 1 ed Kdiubnr&h Pale Ale. in bulb and 
bottles, ex late arrivals. For sale by AGARDFOULKES A CO., 
March ^0. \r'. Front street, S. F. 

CARMEN ISLAND SALT. 

Tons, to Arrive. For Sale in ISoirt. by— 

March ■-!:■. HOLLADAY & BREXHAM, Agents, m Front street 



312 



Jas. O. Kountree.] R0UNTREE AND McMTJLLIN, [Geo. O. McMthxih 

"Wrholeaale B>ealeiH in UroeerleH and Provisions, Ko. 393 Float 

YT street, between Clay and Commercial, San Francisco, Oct. 29. 



.ln.v sa 



OF THE SAX FRANCISCO NEWS LETTER. 



Lot tor from Dr. Livingston©. 

■ 

■ 
■ 

; ■!-* HIV 

■ 

ipeed.at \:- Englishman com- 

rta, a! thm head of a ear l- of the Btmmrcr. 1 

hat yonr 

ind 1 Mid in m v 
no »nd vonnn.' 
\\,is tDrillinff, The i a 

m of tho Atlantic Cables, the ■ 

ttan for days, and bad an tmme- 
.i without niwa from ho 

t and Punch, of IMS. 



■ 



My appetite revived, and In a vrrafc ] b -m to fa i -iron [ again, 
"Mr.S dio*i kind aod encouraging dispi 

•erely deplore, the first ! had received from [he Foreign 



itton that the British Government had kindly Bent one 

: 1 pounds sterling to my aid. Up to his arrival I was not aware of any 

ind I became dissatisfied; bol this want Is now happily repaired, 

and I am anxious that yoa and all my friend* ahonld know that, though nncheer- 

my friend > ; r Roderick ttarchlson set me with 

■ tii u all wonld come right at last. 

The a - iQthem Central I e ivon hondrsd mDoa In length, 

Tho fountains thereon are almost Innumerable ; thai Is, if would takca man's iife- 

■ connl them. From the water-shod they converge Into four large river-, and 

da into two mighty streams in the Nile Valley, which begins in ten degrees 

it w^s long erq light dawned on the ancient problem and gave me 

a deal Ide i of the drainage. I ban i<> feel my way every step of the way, and was 

v eroplng In the dark; for who caroct where tho rivers rani They wenl and 

drunk their till and let them ran hy. The natives, who visited the Chambeal, asked 

Tor stores, and I heard nothing el«e. I asked shoal the waters, questioned and 

: losttonod until i was almost afraid of being set down as afflicted with hy- 

dronhob! i. 

■■ My lost \\ ork. In which I have boon greatly hindered from want oi" suitable at- 

, was following mo central line of drainage down the country of Kiviba), 

U tnynems or, shortly, Uanyema. This line ol drainage has four lakes in it; 

- near when obliged to rotarn. it Is from one to three miles broad, 

.and never can be t ■Ached at any point or ai any tim ■ <>f the year. The two western 

drain Lugnlra or Bartle Fries river, which flow Into if at Lake Ratnolono; the great 

r'.ver Lomalne (lows through Lake Lincoln into it, too, and seems to form the 

western arm of the W!e on which Petherlck traded. 

•• Now, I know of about six hundred miles of water-shed, and unfortunately the 
seventh hundred is the mod interesting ol" the whole ; for in it, if I am not mis- 
taken, four fountains arise from an earthen tnonnd, and the last of the four becomes 
«t no great distance oil' a latge river. Two of those run north and two run south. 
J have heard of them so often, and at great distances off, that I cannot donbt their 
existence, and in spite of a sore longing for home that seizes me every time I think 
of my family, I want to finish up by their rediscovery. 

" Five hundred pounds sterling worth of goods have again unaccountably been 
entrusted to slaves, and have been over a year on the way, instead ol four months. 
I must go where these fountains lie, ere I can put a completion to my work."— Am 
Francisco Xacs LttUr, July TUh. 

The Railroad Situation. 

The railroad embroglio may be stated as about in this position : The Goat Island 
scare has subsided, and it is now believed that San Francisco will remain perma- 
nently iu her present position. Heal estate is slowly recovering from the effects of 
the newspaper conspiracy, and the market has a healthier tone. The Committee of 
One Handred is pretty nearly defunct, that is, after fighting down from one hun- 
dred and forty to forty participating members, and after allowing Frank Piiley to 
prod thirty of them for a whole month and prick the Atlantic and Pacific wind-bag, 
and worry. Sneath, Hopkins (a most estimable, learned and worthy citizen other- 
wise, and Pickerine, till Sneath became bold and Pickering crazy, and till he 
drove Hopkins out of the Committee, it has now finally subsided into an Executive 
Committee, composed of Sneath, Pickering and Alfred Wheeler. These gentlemen 
■arc now around the town asking alms lor Levi Parsons, Frederick Billings and J. 
P. Robinson, three distressed individuals who own some millions of Atlantic and 
Pacific Railroad stock, which, being so very common that it has no value, they 
wonld prefer swapping it off to San Francisco at par value in gold coin. Pickering 
doesn't get a cent. The San Francisco and Colorado Road is a new enterprise, 
incorporated under the laws of this State for the purpose of constructing an inde- 
pendent competing road from the city of San Francisco to the Colorado river, has 
already over £4,000,000 subscribed, is iu able hands, under the management of our 
wealthiest citizens, and, in event, the city will subscribe $10,000,001) against £0,1 J00,- 

000 of private money, the road will be built at once, running through the valleys 
Of our mast counties. If this is done Pickering & Fitch do not get a cent. In the 
meantime the much-abused institution of Stanford & Co. are pushing their roads 
north and south with great vigor; are laying track toward Oregon and toward 
the Colorado at the rate of two miles per day; have more than a thousand laborers 
with carts filling in Mission Bay; arc building wharves and piers and docks with 
marvelous rapidity; arc constructing depots, warehouses and offices as fast as me- 
chanical skill cam do it, and are concentrating their business at one local point, 
keeping their own councils and not even noticing Blanch and Sweetheart, Sneath, 
Pickering and Alfred "Wheeler, who are so lustily barking at their heels, with the 
C0#and2Jufle/jnyelpingin chorus. Sargent has returned and has not been mobbed, 
but was serenaded by a full brigade, with a band of music, at the Cosmopolitan 
Hotel. It was the Brea d and Butter Brigade from the Custom House.— lb. 

Art Association. 

On Tuesday evening took place the opening reception of the new exhibition of 
the San Francisco Art Association. The gallery was nicely decorated, and the re- 
ception was well attended hy members and passed olf very pleasantly. The col- 
lection willed by Mr. Piochc to the State University, numbering over sixty works, 
some of which are gems, was arranged under the direction of Mr. Mezzara upon 
■one side of the main room. Among other additions to the display are a portrait of 
"Washington by Rembrant Peale, a marine study from Denny, and paintings from 
tin; collections of .Messrs. Norris, Saunders, Haggin and Colton. Btersfadt's 
"Mount Hood," Hill's "Point Lohos'' and Vanderlyn's "Martus " arc still on 
exhibition. The gallery will be open to the public every day lor a month, from 10 
a. k. to 5 p. h., and from 7 to l() r. u. Catalogues have been prepared. The 
membership of the Association is now 470. The following new life members have 
been enrolled: D.J. Oliver, Charles E. McLane, Edward BoBqui, H. J. Booth, 
W. u. Ralston, Thomas P. Madden. Henry L. Breed, George Hearst, Lelund Stan- 
ford, C. N. Felton, J. O. Eldridge. 

Our Mineral Wealth. 

Tiic Trinity Journal speaks of several projected mining and ditching enter- 
prises in that county.— —It is proposed to consolidate the Baltimore and the Balti- 
more American with other claims,-^— The Bellinghaui Bay coal mine has been 
pumped dry and is now ready for mining.— —In 1871 the New Almadeu Quick- 
silver mines yielded 13,5tjS flasks.*^— A large body of ore is expected to be devel- 
oped in the Imperial.— The width of pay ore in the first level of the Pioche has 

diminished. The Raymond A: Ely looks exceedingly well all through. On the 

20th the Sutro Tunnel was iu 2,967 lee t.^^— The prospects of the Crown Point are 
reported as good as ever.— —The reduction of freights in ores and bullion is hav- 
ing a good effect on the mining interest in Utah. 

New York's Greeting to Yedo. 

" New York, July 26, 1872. 

Son. Wm. Alvorcl, Mayor of San Francisco ; Yonr message arrived just after I 
had left for my country place, over night, or I would have answered it immediately. 

1 did not understand that the Honorable K. Yuri, Mayor of Yedo, intended to honor 
the Atlantic with a visit. We will endeavor in all respects to emulate, if we caunot 
equal or surpass, the generous hospitality of San Francisco. He will receive every 
possible attention and facility. 



Our Gossip from London. 

1 [SPECIAL OOHBBirOIDIIOl or TUB NRWS LETTER.] 

■ 

Dbar ' ■ Balmoral. The Prince 

turned to Londoi marked 

greeted 

! journey. The 
Sdlnbor p ]i paid ■■ ol on the 

Ebor was an lmprov< monl on thai of the day before. 

A talocjram from Darmstadt ■ ■ Princess Alloo gave birth to a 

daughter on the 7th ln^t., with the gratifying Intelligence thai both mother and child 
■ 

Dublin h 1- been more fortunate In the weather than we have hero, for it is certain 
if the calendar did nol slate the month to be Jnne, wo should Imagine It to bo 
April -aye, and a very stormy April too and cold. But In Ireland the 

Duke of Edtnbnrgh has had the bloesl of skies and the balmiest or xephyrs to wei- 
lm. and only one robe! voice was heard among the clamorous welcome, 
Frisb hearts and Irish voices can greel even royalty with, if they are pleased. 
casioii, to all appearance, they seemed pleased, and everything went off 
as " merry as a marriage bell." As for us here in London, the v7esl End ha? been 
visiting n Loudon suburb, which was condescending, Islington, known since the 
days of Oueou B L -ss us ■■ Merrie Islington," since the establishment of the Pbilhir- 
monlo Theater and its Opera B «{'T<\ has become quite a resort for tho blase" West 
tinders, and as it keeps up its reputation for being " merrie "—4. e. noisy— tho 
suburb is still an obteol of Interest, especially at certain periods. It boastB of an 
Agricultural Hall, where not only the Christmas cattle-show is held, but all exhibi- 
tions which require great spate. Of this class is the Horse Show, which, the other 
week, wis the special attract ion to visitors from all parts of London and the coun- 
try -and to which our Royal Family make a point of coming. " Horsey" people 
dock hither, to see what they can pick up iu the way of horse-flesh, though judges 
say thnt in the wavof equine perfections there was this year much disappointment. 
Some very beautiful pontes, however, attracted universal admiration for their sym- 
metry and docility, and will no doubt coram And a high price. The Prince and 
Princess of Wales, with their little son, Prince Albert Victor, visited the Agricul- 
tural Hall, and seemed quite delighted, especially when some of the riders came to 
grief during the leaping over fences. "Hid that gentleman get a prize, papa, for 
tumbling in the water .'" the little Prince said to his Cither, when un unlucky rider 
was pitched over his horse's head into the artificial pond, a feat which, of course, 
sent Iho audience shouting. Prince Arthur, who goes here, there, and everywhere, 
was at tho show the very next day. 

Mile, Musuzus, the daughter of the Turkish Ambassador, has recently been mar- 
ried to an English gentleinan, Mr. Warner Heriot. As for the Duke of Edinburgh's 
marriage, we heir no more about the matter at present. You may rely on receiv- 
ing the earliest news about it. 

jjilsson has appeared in La Tramata, in which she made her debut to an Eng- 
lish audience ; hut must I tell you that art critics were somewhat astonished and 
displeased at the change which NilsBon made in her delineation of "Violetta"! 
Her vocalization was at times so overpowering in force that no spectator could for 
a moment imagine the heroine of Verdi's opera was dying of consumption. Has 
America spoiled this charming singer/ We have had Prince Ponia Towki's opera 
of GdmitiUy written for and sung and acted ravishingly by Adeliua Patti, Marquise 
de Cuux. It was a success {dti moment) throughout, owing more to the delicious 
singer, perhaps, than to the composer's music. At the Alhambra, that famous 
piece Kiiirj t'arotte has been produced, adapted for an English audience ; and a 
marvelous new pianist, Signor Alphonso Rendano, has appeared at the numerous 
concerts which form so marked a feature of the London season. This is well, for 
Mme. Arabella Goddard is about to leave us for the United States. Gounod has 
written a new air to an old song, Byron's " Maid of Athens," for a worthy pur- 
pose, viz: in aid of Mrs. Theresa Black (the original of that celebrated song), who 
is now in poverty and old age, a living instance of the value of fame. Apropos of 
songs written for charitable purposes, which, as a rule, are mere trash, have you 
heard Ciro Piusuti's song, " The Orphan" 1 If not, get it, It is a most exquisite 
song, written by a fine musician. English opera has found a home at the Crystal 
Palace, and Mr. Cummings has produced a new Fairy Cantata, which has met with 
a great success. At last the differences of Mr. Gye, the Covent Garden Impresario, 
with the Earl of Dudley, have been arranged. The Earl is to receive a number of 
boxes at the Royal Italian Opera as security for his Lordship's claim for rent. 
What an unenviable existence is that of an operatic manager I and the worst is, that 
pecuniary trouble seems to be the natural termination of his career. 

There seems to be a great dearth of news this month, and I think I have told 
you everything worthy notice in gossip, art or fashion. The usual round of fashion 
and folly, of satiety and Buffering, of fun and flirting still go on, as they ever do, 
like the river in Tennyson's song of suffering. 

Fears for the harvest are entertained, and the price of meat is so high that it will 
soon be impossible for trie working classes to obtain it. Want of forage is the 
cause of this latter evil. Strikes of working men, aye, and working women, too, are 
daily recorded. The very news boys have been striking for higher wages. Yet 
amidst alt this, luxury abates not a jot. Vast schemes are contemplated for the 
amelioration of poverty and its evils, and they end in — nothing ! The claimaut has 
been making progresses through the provinces, picking .up crumbs thereby. 
Adieu. 

BUSINESS NGTABILIA. 



"We have already called general attention to the palatial saloon of Mr. George 
Kahman, " The Laurel Palace," at the northwest corner of Bush and Kearny 
streets. Its adornment is superior to anything of the kind heretofore seen, and 
the rush to inspect is still as great as ever. Every visitor to the city desires to sec 
this latest wonder of our rapidly improving village ; and atl who go are astonished 
'and delighted at the taste and elegance of construction and arrangement. Between 
the acts, and after the close of the theater, many of the audience at the California 
resort to the Laurel Palace for refreshment. 



The Sage of Chappaqua is a success as a chopper. Ills friends represent him 
as unequaled in the vigor with which he chops trees on his model farm, and his 
enemies insist that he has "chopped" so often upon political and all other ques- 
tions that chopping has become a second nature to him. While we are not blind 
to the faults of the bland old buffer, we believe that if he should happen to be 
elected he will cut away the rotten branches from our great national tree, even as 
he cuts them from his own trees now ; and all because he nerves his arm with 
Cutter Whisky. 

We don't, believe that big fish story about Jonah swallowing the whale, nor 
anyjof the fish stories that periodically apnear in the newspapers. The world is 
fearfully given to lying, and the newspapers abound in bosh. There is more real 
information in the " Business Notabilia " of the News Letter than in all the editori- 
als of the dailies. This item, which is designed to call attention to the excellence 
of Gerkc Wine, opens up to the sensible reader a vista of enjoyment greater than 
would " editorial notes " in a century. 



Disraeli's popular novels have been noted for their frequent and excellent, de- 
scriptions of admirably furnished apartments. The dramatic critic of the Alia 
pays chief attention to the adornment of the stage. But neither the critic nor old 
Dizzy himself would be equal to the task of writing a description that would do 
justice to the unrivaled stock of carpets, tapestries, satins, reps, lace curtains, 
parlor furniture, etc., to be found at Messrs. Plum, Bell & Co.'s establishment on 
Post street. 

Thorpe's Hotel and Gardens, San Bruno, situated in the midst of a scene of 
great natural beauty, and under the management of one who knows how Co keep 
a hotel, are coming into universal popularity. Sweet-singing birds and the perfume 
of flowers make the spot romantic. The hotel is supplied with everything that 
adds to the comfort of guests. 

The Art Gallery of I. W. Tuber & Co., 12 Montgomery street, will well repay a 
visit by all who admire the highest order of photographic art. Every picture taken 
is executed in a finished way, and no other gallery in the city gives such universal 
satisfaction. All varieties of pictures arc made, and each one iu a complete like- 
ness. Such pictures are invaluable. 



THE DAILY FINANCIAL POSTSCRIPT 



July 30. 



OFFICE OF FINANCIAL POSTSCRIPT, 

8cm Frane&aco, 1*3 M.,*fuly 30, 1872. 

OUR DIAMONDS AND RUBIES, 

We are authorized to make public a comparatively recent discovery, 

which hat excited a warm interest among a particular circle of San Fran- 
cisco capitalists for a short term past. A few mouths ago*, a small lot of 
diamonds and rubies were brought to the notice of some gentlemen well 
known in the mining world, with the information that the precious stones 
had been obtained at a point designated not far from one of the boundary 
fines of the Territory of New Mexico. These gentlemen, among whom 
we may mention George D. Roberts, A. Harpending, Wot. M. Lent and 
ycncra-1 Bodge r authorized Mr. Henry -Janiu, the raining engineer, well 
known in our financial circles,, to organize an armed party aud proceed to 
the ground and report. That gentleman did so, ami returned with a 
considerable collection of both diamonds and rubies. These were sub- 
mitted to the eminent firm of New York jewelers, Messrs. Ball, Black & 
Co., by whom some of the stones were cut. The firm pronounce the 
diamonds to be of the quality designated in jewelers' language " the first 
water." The rabies, while of the valuable tints, were small. The value 
of the collection of stones brought in by Mr. Janiu was stated to be 
rally one hundred thousand dollars. Messrs. Roberts and Harpending 
took prompt and energetic measures to secure "he tifcle to Lhe ground on 
which these impo-rtaut discoveries were made, and have already received 
from the United States Government its patent to the claim. Mr. Jan-in 
was also instructed to immediately organise a second and larger expedi- 
tion and proceed to the ground in prosecution of further operations. 
Some of the stones brought in by Mr. .Tauin's first expedition, both cut 
and in the rough, are now in San Francisco. "We expect soon to be able 
to lay a further statement concerning this highly important and interest- 
ing discovery before the public. It may interest the euriosity of the 
scientific to know that the ground in which the New Mexico stones are 
found is neither a sand, like that of Brazil, nor a marl r like the matrix of 
the new Cape -of- Good-Hope diamond fields. 

The Financial Fbstscript has made full arrangements to reeeive the 
latest information from the new American Diamond Fields, which will be 
issued at the moment wheu received, whether in the regular, or a special 
and extra editiou of the paper. 



Barron, Forbes & Co. s Almaden Claim. 

The claim of Barron, Forbes & Co. against the Government of the 
UuitedStates, which comes before the International Commission, amounts 
to $13,005,000. The claim is based on the treaty of Guadeloupe Hidalgo 
between the United States and Mexico, by whieh British Bnbjcets resident 
in California were guaranteed protection in property and estate. In Mav, 
1SG3, Barron, Forbes & Co. were ordered to I'm; evicted by the United 
States- Marshal, and thereupon sold out to the Quicksilver Mining Com- 
pany or Pennsylvania for $1,750,000, giving to said Company a quit claim 
title. Barron, Forbes iV: Co. did not waive their claim for damages on ac- 
count of the eviction, but presented them before the Joint Commission 
lately sitting to adjudicate the claims of Mexican and American citizens 
growing out of infractions of the treaty of Guadeloupe Hidalgo. They 
were, debarred from pleading before this mixed Commission, however, be- 
cause they wese Britit-h subjects, not Mexican citizens. Hence they ap"- 
pear before the mixed Commission for British claims, upon the ground 
that they are English subjects who have received damages, from the 
action of our Government, and who were constrained to make a sale of 
their property by an exhibition of armed force during a period of civil 
war, when there was no chance of obtaining protection from the home 
Government. The Boston Globe, givintr a summary of the case, says: 
"If the elaimauts can establish the faet that they sold out under duress 
and threat of eviction during the war, they have a standpoint for their 
claim under the Treaty of Washington." 

British Steamship Subsidios, 

The British Government have giveu intimation lo the Royal Mail Steam 
Company, which carries the mails to Brazil and the West Indies, or their 
intention Lo terminate the postal contracts that are on the eve of expiring. 
The Treasury have resolved to abolish all postal subsidies. This is the 
initial step in this direction. There will bean immediate annual saving 
effected of .l^O.OOO; and when the Cnnards and other contracts are done 
away with, the gain to the revenue will be no less than half a million a 
year. Arrangements have been entered into, in the case of Brazil and 
the West Indies, to have the mails carried at the ocean postal rate of Is 
Od per ounce, whieh is the principle it is intended to apply universally. 
The system of postal subsidies having achieved its purpose of establishing 
lines of British steamships on nearly every important line throughout the 
globe, the Govcrnmentappcais to be of opinion that it may now be grad- 
ually withdrawn. 

The Empire Mining Company, of Grass Valley, have levied an 

assessment of $10 per share, delinquent August 21th. 



Railrop ds in Politics. 

Am independent interior paper comments upon the impolicy of cities? 
aud counties becoming owners in works of internal improvement, much 
in the vein of remark brought forward in a recent issue of the Financial 
Tbstscript. Works so owned pass necessarily, under American systems of 
local government, into the hands of politicians. These men use the 
works as powerful engines of political corruption, personal advaacement 
and illegitimate enrichment. At the same time the public service for 
which shch works are designed i& .11 performed and at unnecessary cost. 
Referring to the proposed subscription by the city of Sau Francisco an<3 
certain southern counties toward the capital stock of the Atlantic and 
Pacific Terminal Railroad, our contemporary says : "There is yet a single 
instance to be found in whieh such a scheme as that proposed to Sans 
Fraucisco has produced anything but corruption to politics and loss to> 
the people. The rule which must follow the adoption of the subscrip- 
tion scheme hi guided and governed by no sense of responsibility, and 
checked by no commercial or business considerations. The low class 
politicians who always secure the control of such fat plunder as a railroad 
owned by a city, care for nothihg but to grow hurriedly rich. They are 
attended by swarms of creatures even worse than themselves, aud win* 
must be provided with berths; There is no system, no harmony of in- 
terests, we* connection whatever between the operation of the road and 
the requirements of commerce. Holding office but for a brief term, it is- 
not an object to facilitate transportation, to help growing manufactures 
and products, or in any way to consult the wants- of the public." Not a; 
few of the interior papers have become interested in the railroad question 
as it is presented in Sau Francisco, and r discussing it devoid of contro- 
versial heat, some of their comments are shrewd and much to the point. 
One of thesc,alluding to the suggestion which has been prominently 
urged, that a number of small subscribers to the proposed capital stock 
of a railroad company could have an effective voice iu its management,, 
says: "Suppose that 2,500' persons cau be induced to take £100 apiece. 
Already thirteen capitalists have taken 2,G0Osbares, and can out-vote the 
one-hundred -dollar shareholders. Practically, then, the small subscrib- 
ers will have no more voice in controlling their own property or in the 
management of the road than they have in the management of the affaii's 
of the moon. All the money these 2,500 men pay in will be controlled 
by a dozen or so capitalists, and the small subscribers eannot help them- 
selves." 

The "Emma" Mine Decision* 

A Salt Lake paper, on the day following the decision of United States- 
District Judge McKean of Utah in the case of the Emma Mining Com- 
pany against the Illinois Tunnel Company, made the statement that the 
Emma lawyers had telegraphed to London the terms of the injunction 
which was granted, nineteen horn's be Tore the Court had issued it. The 
statement turns out to be essentially untrue. On the 28d insfc. the Judge 
announced his decision and made order that the injunction issue. Fol- 
lowing established practice, the order of injunction would then be drawn 
and issued in the language of the complaint filed in the cause. The law- 
yers accordingly telegraphed the result of the deefsioriand gave the terms- 
of the injunction, following the language of the complaint. On the next 
day the formal order was issued and in the- language already telegraphed. 
In a partial sense, therefore, it was true, as charged, that the injunction* 
was telegraphed before it was actually issued ; but the charge was untrue 
in the sense intended — which was to intimate that the Emma lawyers 
were accorded undue advantages by Judge McKean. The correction of 
the charge as first made is important. It relieves the administration of 
Federal justice in Utah of an unfounded aspersion — and an aspersion 
which, uncorrected, would militate against the security of mining titles 
in that Territory aud consequently against the value of mining property. 

Boston, July 20th. — The Wool market continues quiet. California 
Spring continues to arrive, but is slow of sale even at prices considerably 
lower than were asked early in the season. The reported sales are 12,000 
pounds Spring, at 50 a 57 l-2e; 13,000 pounds do., on private terms; 
31,000 pounds Fall, at US a 32 l-2c, and -1,000 pounds scoured, at 95c. The 
Skipping List Boys: How much better it would have been if the clip of 
California hail been sold at a fair price to manufacturers when it was ready 
for market, instead of forcing them to buy foreign Wool; and now that 
the clip of the West is ready for market, would it not be better to sell at 
current rates than force manufacturers abroad again for sap-plies? The 
result of the holding on policy so far, is that California will have to be 
sold full 10c per pound less than could be obtained for it somu months 
ago, to say nothing of the expense of holding, and parties at the West 
may hold on, but wo doubt if it prove to be a paying business. 

The Colorador, whieh arrived iu this port on the 2Sth hist., was the 

first return steamer of the semi-monthly line between Sau Francisco and 
Hongkong. She brings a Full cargo of tea, rice, silk, etc., and two weeks 
later dates from China and the East Indies. The annexed table shows 
the description, quantity and destination of the tea; 

From China. From Japan. 

For New York, packages &.SS9 8,234 

For Boston 590 1,2B1 

For Philadelphia 70 

For Chicago 438 1S4 

For San Francisco 531 5,142 

Totals 11,088 15,431 

Making a grand total of 26,500 pkgs, or 5,000 pkgs in excess of the pre- 
vious steamer ; also, 545 pkgs silk, nearly all for New York; 1,400 mats 
rice, 300 bales hemp, 150 bags spices, and 2,000 pkgs merchandise for San 
Francisco. 



Jul* SO 



OF THE SAN FRANCISCO NEWS LETTER 



OUR MINES. 

Gold Discovery Near. Chico. 

r that u Dumber ol 

grave) pi I belonging to the 

Iroud < •mi; ■ my. located near rleddlnjr, •)"'' work 

ilde "i Onlco, 
ihey had formerly been at work, nod tiaro there developed an ox* 
obtained Id formation of the presence of the 
;< f«>r g ravel. 

Piocho. 

I ompeny, SDth Inst., aays : ll Face 
of «t n n in iir>i level don not look bo well. Booth wlnie ie thirty-five and 
one-hall (bet down, two and one-half leel wide, and North 

►wo twenty (bet, two and ouo-half u-vt wide, asaaya 9268." 

Raymoud & Ely. 
The Raymond <S Bly remittance ofhnlllon for three daya was 985,480, 
which canica the dally avenge (br July to a higher flguro than ever 
before. 



Crown Point. 

The letter to the Crown Point states the breadtb «'i ore hi the 1,*joo level 

al ISO feet, aasaya al the bottom of tb i 1969 £0 in Bilvcr and 

1 .ii gold ; toi r too. They will bo ready to work the 

1,300 level m (burteen days, and the usual work la now doing on the 1,200- 

foot ! 



REAL ESTATE TRANSACTIONS. 



Saturday, July 27th. 



GRANTOR AND GRANTEE. 



J F Hastings to Nathan Porter 

Nathau Porter toCal Av H'd Ass'n 



Bay View ll'il to Wm W Neo.1 

City and Comity S F to M Kenny 

Marcelin Burnet to Jules Bernard 



W IT Brown to Nathan Portpr 

A Levy to James Fei'iicy 

College H'd As n to F I* A Pioche . 
Edw d Murphy lo Jus 8 Brady — 

Jas Rodders to Cath Fajran 

(II Morgana to Jos M Childs 

Kim 1 Crtm to C H Morgans 

Henry Toomy to Geo W Russell ., 

Geo W Russell to Jas L King 

F J Thibault to same 



llESt'llII'TlON. 



C McLanghlin to Bame . 

G C Dean to same 

II M Hale to same 



C W Cook to same 

Nathan Bowen to E T Bowen 
Thos Bowen to same 



California and isth av, w I01:fi, etc; also, 
California awl 18th av, e 140, etc; also. 
SlHtavn California, n 8H0,etc 

California and ISth av, e 140, etc: also, 
California and 19th, e 55, etc; also, Cal- 
ifornia and 20th av, e240, etc 

25th and J s cor, so 300. etc 

PnstwBroderlck, 55x187:6 

Und 5 acs ot'trnct of 54.73-100 acs in Wee 
| 13T2S ROW 

21st av n Cal'a, e 16 chc, etc 

Clementina ne ilth, 25x75 

Silver av and Morton's laud, n 1 (leg, etc 

24th w Diamond, 103: 4x11-1 

Natoroa ne 9th, 25x75 

Pacific e Van Ness av, e 50:5, etc 

Same 

LotSiH Gift Map 2 

Lots 801 and S93, same 

Blnxomesw 4th, 45:10x120; also, Bluxome 
sw 4th, 52:11x120 

100- vara 270 on aw cor Sth and Harrison 

Harrison lie 8th, 80x20 

Com on N 1 street running thro' center of 
bik 25 8 B water prop ty parallel with 
Irwin 35 ft wide, etc 

California c Stockton, 137:6xS8:fl 

Sutter e Hyde, 20x137:0 

Same 



$1,000 



1 
2,500 
prom 

1,000 

1,000 

1 

208 

2,300 

2, (>00 

1,200 

5 

100 



250 

100 
10 

7,000 
5 



An English Mine Agent's Circular. 

In the last "circular" of T. Thompson, Jr., ol London, mine agent, 
addressed to bin clients, he gives the following counsel touching certain 
American mining Investments: 

" Tin- majority of my readers arc aware that an Iniquitous attempt bas 
been made to deprive the shareholders Id the Flagstaff mine of their 
property. So fur it has foiled, but whether any farther effort will be made 
dd the part of the 1 1 either against the Flagstaff or any other 

great an . II is Impossible yet to say. The Vice-Consul 

of France, and President of the Mining Bureau, Colonel J, Burton, in 
speaking of this 'organized campaign against some of the leading mines 
now on the London murket, Bays ; ' You may rely upon the fact that very 

i tfutiee iu .San Francisco are at the head of the present movement. ' 
They are a ring of notorious mining operators, having an unlimited , 
amount of capital at their command. It will be a war of long duration, 
as they Intend to continue the Hghtioff of this and other similar cases for 
many years to come, until they bave succeeded, with the magnetic power 
which, unfortunately, money has in this part of the world, in carrying 
out their object, which is, in my opinion, the control of the mining in- 
terests Id tin- young Territory of Utah. 1 If Colonel Burton is correct in 
what he says, shares in mines in the United States may he worth the no- 
tice of greedy speculators and gamblers, but the less the quiet investing 
public have to do with them the better, and every sensible man must fully 
agree with the Times when it remarks that, 'In connection with Ameri- 
can mining enterprise, foreign investors are subject to two perils, each of 
which, although they are of a directly opposite character, seems equally 
serious. They may Had the property worthless, or it may prove excep- 
tionally successful. In the first ease they are soon able to calculate their 
loss, but in the other they may, for any number of years, he involved in 
a struggle to retain control or possession of their purchases.' We have 
been singularly unfortunate in many of our investments in American 
mines. So many large properties put forward under first-rate auspices, 
notwithstanding the most positive assurance of their durability, have 
prematurely come to grief. What have been stated to have been estab- 
lished facts appear to have been pure myths, although there appears to be 
no one to blame— mining experts, directors, vendors and promoters com- 
plimenting each other, and being,' complimented by the shareholders as 
beiug oil honest men. Scarcely a single property has been put forward 
here but at for more than its outside value, and although some continue 
to maintain their prices, we have yet to learn how long that is likely to 
hist. With such mines as Flagstaff, Sierra Buttcs, Birdseye Creek, Camp 
Floyd, Gold Run, Saturn, Sweetlaud Creek, and perhaps u few others, we 
may have uvery reason to be satisfied, and may look forward to a hopeful 
future; that is, provided we can hold our own against the set of filibus- 
tering thieves who seem inclined to dispute the title with us. Of course, 
we Know that in England the titles we hold arc good enough, and so long 
as matter?- ill dispute are brought before a conscientious and upright 
Judge, all may go well ; but English shareholders have had already a fore- 
taste in the Erie Railway as to how these things cau be managed in the 
United States. 



The subscriptions to the capital stock of the proposed Atlantic 

and Pacific Terminal Railroad Company now embrace 83G names; amount 
$635, 000. 



THE WORLD'S PROGRESS. 

Now Mining Law in Japan. 
The Government ol Japan inaldertng lawn for the reg- 

ulatlon of mining. The following arc iorai of the more Important 
clauses: The royalty to be Bfteen per cent, of the out turn. Lea 
min. i i |[y. Full stutlstlci i" be banded to bin 

Governn bi months, in case of breach of contrai t, or a false 

rendering of accounts, the machinery and all stock coDncctea with the 
undertaking will he forfeited. 

Victorian Railways. 
Plans and sections of a proposed railway from Portland to Colerahtc. 
with a branch to Hamilton ami another toCasterton, have been di \\ 
with the Victoria authorities, The line Is to be constructed on a gaugo 
of three feet >ix Inches, and It Is to be worked by rolling stock on the 
Falrllo (narrov tern. 

Canadian Telegraphy. 
A projected Canadian Trans-Atlantic cable m ^ in- likely tobecomOBD 
accomplished fact. It will be called the Canadian and Great Northern 
Tulcgrajph, and will co-operate with another new Hoe, to bo styled the 
Great western. The first named line Ie to Btart from Thurso, Scotland, 
touch at the Faroe Islands and pass up the Gulf of St, Lawrence to the 
Straits of Belle Isle, whence the wires will be continued to Quebec and 

other Canadian cities, General Roosloff, the Danish Ambassador at 

Washington, Is the chief promoter of the project. The Great Western 

cable will start from England, and Will reach Canada by way of Bermuda. 



Tke French Atlantic Cable. 
This cable has parted for the third time since it was hud. The separa- 
tions iii each ease took place on the Grand Hanks of Newfoundland, about 
275 miles from land, and within 10 miles of each other. The breaks are 
attributed to the dragging of the cable by the vessels which are in the 
habit of anchoring in the vicinity. It is therefore proposed to lay a new 
section ol cable in deeper water. The connection of the new route will, 
it is stated, be effected in a short time. 

Expedition in Clyde Shipbuilding. 

As an Instance of the possibility of doing work promptly in these 
times, when it is said that workmen will do just as they like r it may be 
mentioned that the Oatftay, which had her trial trip in Stokes Bay on 
Monday week, and left Southampton on Thursday last for Bombay, via 
the Suez Canal, was handed over to her owners, the Peninsula and Orien- 
tal Company seven months within the prescribed time. Her builders, 
Messrs. Denny Brothers, Dumbarton, bound themselves, under penalties, 
to deliver the vessel within eleven months from the day of signing the 
contract. Of course, they received premiums for their' promptness, as 
they would have paid penalties for their dilntorincss. No ship of the size 
of the Cathay has ever been built so quickly. — Engineering (London), 6Wi 
instant. 

The World's Theaters- 

In the different countries of Europe there are the following number of 
theaters: Italy has 318, France 337, Spain 163, England 150, Austria 153, 
Germany 191, Russia 44, Belgium 34, Holland 33, Switzerland 20, Sweden 
10, Norway S, Portugal 10, Denmark 10, Greece 4, Turkey 4, Roumania 3, 
Scrvia 1. It is rather extraordinary to see, in this list, how much larger, 
in proportion to the inhabitants, the number of theaters are in Italy and 
France than in other countries. It is a significant comment upon the 
temperament of the people. 

Ocoan Docks at Milford Haven. 
It is stated that extensive new ocean docks are in contemplation at Mil- 
ford Haven, England. It is said that if American and other mails were 
landed at Milford Haven they might be delivered in London or Birming- 
ham in much less time than at present. It is proposed to construct the 
clock sills at Milford at a lower level than those at Liverpool, so that 
large steamers would be enabled to enter the docks with facility. The 
cost of the works, including the land required, as well as sidings and 
other facilities, is estimated at £1,000,000. 



N 



HOME MUTUAL INSURANCE COMPANY OP CALIFORNIA. 
o. 433 California SI., Mi>r<-iiaiifs F.xcbause Rlullriliur. Flronrd JMji- 

Ine Iiisimuice Company. Capital, $7!V',i.;iO. (u-fickks:— .John H. Redlngton, 
President; George H. Howard, Vice-President; Charles It. SU.iv, Secretary; N. B. 
Eddy, Marine Secretary. 11.11. B1GELOW, General Manager. Dikeitoks,— Ban 
Francisco— Geo. H. Howard, F. 1>. Aliiertoii.il. F. Teschenmcher, A. B.Gl'Ogan. John 
H. Reding-ton, A. W. Bowman.C. S. HODDS.B. M. lLirlshoinc, l>. Conrad, IVm.H. 
Moor, Geo. S. Johnson, H. N. Tildcn.YV M. Greenwood, S. L. Jones, Geo. S.Mann, 
CyruB Wilson, *W. H. Foster, Jr., Job. Galloway, W. T. Garratt, C. wateilionee, A. 
P. Hotaline. Oregon Branch— P. WasBerman, B. GohhmiUi, L. F. Grover, i>. Mn- 
clcay.C. II. Lewis, Liovd Brooke, .1. A. Crawford, I>. M. French, J, Lowenberg, 
Hamilton Boyd, Manager, W.L. Ladd, Treasurer, MnvyBVllle—D.E. Knight. San 
Diego— A. II. Wilcox. Sacramento Brunch— Charles Crocker. A. Kcdlngton. Mark 
iionichiN, Jas. Carolan, J.F. Hnugiiton, D."W. Earl, Isaac Lolimnn, Julius "wetzlar,. 
Julius Wetzlar, Manager, 1. Lohinan, Secretary. Stockton Brnnch--H.ll. Hewlett, 
Geo. S. Evans, J.D.Pelers, N.M.Oit, W. F.MeKeo, A.w. Simpson, A. T. Hndi-on, 
H. M. Fanning, II. H. Hcwleti, Manager, X. M. Orr, Secretary. San Jose Branch— T. 

F.llard Beans, Ji^iali l'eld \. Blister, J.S. Carter. Jackson Lewie, N. Hoyrs, Noah 

Palmer, B. i>. Marphy, J. J. Denny, Manager, A. K. Moodv. Secretary. Grass Vniiey 
—William Watt, Robert Watt. Nevada— T. W.Sfgonrney. Feb.],. 

FIEE AND MARINE INSUKANCE.-UNICN INS. CO. CF S. F. 

The California Vjlc.><tM.~FHt.iI>HHli<-<t in ISiil.-.New. 410 sti.d lis «nli- 
tornla street. Cash capital, $7".0,(HIO in Gold. Assets exceed $1,0W,0U0 Coin. Fair 
Rate;*! Prompt. Seltlrne'iil ni'Lnsvrs ! : Solid St-curitv! ! Hjrkctoks— J. Mora Moss, 
James- Otis, wilHani E, Barron, J. G. Kittle, Daniel Mayer, M. J. O'Connor, W.W. 
Muii I nam.'., M"ses Heller, Adam Grant, N. .1. Dniia. U in. ^cln-llc, Cliarles Kolilcr, 
-loscpM Seller, W. C. Balaton, I. Lawrence Pool, A. Weill, Joseph Brandenslcln, 
Benjamin BrcwBter, Jabez Howes, Milton S. Latham, Nicholas Lulling, John Parrot t 
L. Sachs. M. D. Sweeney, Morton Clieesmnn,. James Phelan.Gur*. Tour hard. Nit-holm* 
Larco,N. G-Kittle, George G. Hlckox, George G. Johnson, L. A. Booth, T. E. Lin- 
dnilMTge.r, I,. Cunningham, Peter Decker, Mnrysvillc. 

6 ' GUSTAVE TOUCIIAK2), president. 
CHAr.LKS D. Haves, Secre tary. Giui. T. Bihikn, Surve yor. May 1. 

IMPERIAL FIRE INSURANCE COMPANY OF LONDON. 

BMtabltebcrt ias Infill Capital. SS.imio.000.— L»»«e» i>:ii<l here in cnab, 
iminediatelvou adjustment, in United Stali-s Gold Coin. 

FALKSKi:, BELL & CO., Agents for California, 
ir e fo g. No. '130 California street. 

THE STATE INVESTMENT AND INSURANCE COMPANY. 

I~Mve aiE«i Marine.— No- 400 California street. opp«'*He I5ai»k *-.T fl'iel- 
^ Ifornla. TTLER CURTIS, President. 
, Pktb r PoxAHt'E, Tiec-Prcsident. .Tan.ao . 

BRITISH AND FOREIGN MARINE INSURANCE CO. OF LIVERPOOL. 
1a;>tt»I. $5,000,000.— Amenta: BaIfo»:r, Ciulln W «fc Co.. Ko. ttOS San. 



C 



some street, San Francisco. 



F. G. NAGLE, 
-Jejwcher «f KecoiilM, Sonoma coaalj, Roney'i 

3 Santa Rosa. 



THE DAILY FINANCIAL POSTSCRIPT July 30. 



Commencing Monday, April 29, 1872, and until Further Notice, Trains 

and Boats will leave San Francisco 

*7 fl n ^' ^' Overland Exjiress Train for Sacramento, Marysville, Red Bluff, Colfax, Reno, Ogden and Omaha. 

Q (in P. M. San Jose Passenger Train, stopping at all Way Stations. 

/ nfl P. M. "Passenger Train for Stockton, Merced and Sacramento. 

n Qft P. M, Overland Emigrant Train. Through Freight and Accommodation. 

•*? Qfj| A. M. Steamer New World (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

A C\(\ ^* - "' *Sacramento Steamer (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

Q f\f\ P. M. "Steamer Antelope (from Broadway Wharf), connecting at Donahue with Trains of S. F. and N. P. R. R. 

8AA A. M. Excursion Boat (Sundays only), from Broadway Wharf, connecting with Special Train of S. F. and >, r . P- 
<UU Railroad for Cloverdale and intermediate points, returning to San Francisco by 7.00 P. M. 

Oakland Branch. -Leave San Francisco 7:00, 8:10, 9:20, 10:10, 11:20 A. M., 12:10, 1:50, 3:00, 4:00, 5:15, 6:30, 8:15, 
9:20 and *11:30 P. M. (9:20, 11:20, and 3:00 to Oakland only.) Leave Brooklyn *5:30, 6:40, 
■ 7:50, 9:00 and 11:00 A. M., 1:30, 2:40, 4:55, 6:10, 7:55 and 10:10 P. M. Leave akland *5:40, 6:50 
8:00, 9:10, 10:00 and 11.10 A. M., 12:00, 1:40, 2:50, 3:50, 5:05, 6:20, 8:05 and 10:20 P. M. 

Alameda Branch. -Leave San Francisco 7:20, 9:00, 11:15 a. m., 1:30, 4:00, 5:30 and 7:00 p. m. (7.20, 11.15 and 5.30 
to Fruit Yale only. Leave Hayward's *3.45, 7.00 and 10.45 a. m., and 3.30 p. m. Leave Fruit 
Yale *4.40, 7.35, 9.00 and 11.20 a. m., and 1.30, 4'05 and 5.30 p. m. "Except Sundays. 

A. N. TOWNS, General Superintendent. 
T. H. GOODMAN, General Passenger and Ticket Agent. 

PACIFIC MAIL STEAMSHIP COMPANY. 

HfcamjgC of Seliedale^sBFoF 5 ^Tapttii unci CWiit 

Regular Mail Steamer leaves Wharf, corner of First and Brannan streets, on the first of every month, punctually at 
noon, for YOKOHAMA and IK )XGKONG, connecting at Yokahama with the Company's Branch Line for SHANG- 
HAI, via Hioga and Nagasaki. When the sailing date falls on Sunday the steamer will sail the preceding Saturday. 

From May to October, inclusive, an Extra Steamer will be dispatched on the 16th of every month. 

August 1st, Steamer 

JUH^MICA, Capt. Boane, 

August l©th, Steamer COLORADO, Capt. Warsaw. 



FOR rVli:^ r YORK, via JP^JX^M^L. 

INCEEASED SERVICE. 

Leave punctually at 12 o'clock noon on the 3d, 13th and 23d of each month for Panama, and connecting, via 
Panama Railroad, with one of the Company's splendid steamers from Aspinwall for New York- Beginning August 13th 
all steamers touch at San Pedro and San Diego. 

August 3d, Steamer ARIZONA, Captain Farnsworth. 

CALLING AT ACAPULGO. 

Until further notice steamer of the 13th will connect for Central Imerican Ports, viz: Champcrico, San .Tose do 
Guatemala, Acajutla, La Libertad, La Union and Punta Arenas. Steamers of the loth and 23d will call at Mazatlan 
and Manzanillo, and all steamers at Acapulco. 

Through tickets sold to and from Liverpool, Queenstown, Southampton, Bremen, Brest, Havre, Hamburg, Stettin, 
C i] enhagen and Norway. Apply at the Pacific 3Iail Steamship Company's office, at Wharf, cor. First and Brannan sts. 

ELURIDGK &, IBWIN, Aleuts. 



.lei.', 30 



OF THE SAN FRANCISCO NEWS LETTER. 



YIEWS ALONG THE €BHTEiL PACIFIC ROUTE. 

i 




AMERICAN RIVER, Cape Horn- 
diet from San 1 ranciK~ — Altitude 3,500 feet 





GIANT'S GAP, American^River. 

203 miles from San l-'raucisco. 




BLOOMER CUT. 

172 miles from Sun Fnuieinco — Altitude 1,469 fact 




CAPE HORN, 
in Frouclaco—Altltudo 0,800 feet. 




... -. 



. 



r : 




EMIGRANT GAP RIDGE. 

lilea from Su:i Francisco— Altitude G.S74 feet. 



THE DAILY FINANCIAL POSTSCRIPT. Jolt 29. 



THE BANK OF CALIFORNIA. 

S-A.3S - PRAITCISCO. 



Capital, - - « a - ■ - $5,000,000 

D. 0, MILLS, President. T W. C. RALSTON, Cashier, 

.A. G E 1ST T S : 

111 New York, Messrs. Lees and Walleri in Boston, Treinont 
National Bank; in London, Oriental Bank Corporation. 

ggp" The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
•of .the Pacific Coast. 

WamMmwm ©i Hp®€li Israel 

Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan and Australia. 

JSxclrange for Sale on all the Atlantic Cities. 

Z>X£^"W DIRECT OIV 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frankfort-on-the-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AND SAN FRANCISCO BAMK 

With which has been consolidated the business of 

F^HKOTT «fc OO. , Bankers, 

SAN FRANCISCO, CALIFORNIA. 



Capital, - - S5,0O0,00O. Reserrre IF'-ia.xieX, 8300,000 



Of which $3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

SAN FKANCISCO OFFICE, 433 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodewald, Esq., Chairman; H. L. Bischoftsheim, Esq. (Messrs. Bischott'sheiui & Goldschmidt) ; J. F. Flcmtnieh, Esq. (Messrs. F. Iluth 

&Co.); E. H. Green, Esq. (Messrs. Russell and Sturgis, of Manila); Julius May, Esq. (of San Francisco), Frankfort-on-the-Main ; 

J. S. Morgan, Esq. (Messrs. J. S. Morgan & Co. ) ; Baron H. de Stern (Messrs. Stern Brothers) ; Rudolph 

Sulzbacb, Esq. (Messrs. Sulzbach Brothers), Frankfort-on-thc-Maiu. 

Manager in London : - - - R. D. PEEBLES, Esq. 

Seesetazyt ■ JAMES) 3ffi. BI-ESiSXEJL 

SfenidB&t in San Wmnmm $ IfffiOTlf So ZATUAMo 

Assistant Manager (San Francisco), CAMILO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, ----------- ALFRED BANNISTER. 



mnkms Corporation. AUSTRALIA and NfiW ZEALAND— Union R.mk oi' Australia; Bank of New South Wales. IRELAND— Provincial iianl; 01 livland, 
a branches, viz: Dublin, Cork, Limerick, Olonmel, Londonderry, Sligo, Wexford, Belfast, Walerford, Qui wav, Armagh, Athlone, Coleraine, Kilkenny, Ballina, 
onghal, Enniekillen. Monaghau, Banhridge, Ballymena, Parsonstown, On van, Omagh, Diuigannon, Band on, Ennis, Ballysliannun. Strabatie, Dnogarvan, Mal- 
ehill, Kilrush, Skibbercen, Enuischorthy, Fermoy, Newry, DroWiedu, Nenagh, Templomore, Carrick-on-Suir, Carrick-on-Shannon, Clogheen, Newcastle, County 



The Bank w prepared to tranpact all kinds of General Banking and Exchange Business, in London and San Francisco, and between said Cities and all parts of the 
world. The San Francisco Office! s authorized to draw Bills of Exchau2y or issue Letters of Credit upon either of the under-named Founders and Proprietors of the 
"Bank, or (at the option of the buyer) upon the following Houses, with whom the Bank has established credits, viz: LONDON— The London Joint Stock Bank, No. 5 
Princess Street ; Messrs. Btechoffsheim, Goldschmidt &, Co.; Messrs. Frnhling & Goschen ; Messrs. Frederick Hulh & Co.; Messrs. J. S. Morgan & Co. (successors to 
Messrs. George Peabody & Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Drexei, Morgan & Co., 53 Exchange Place. BOSTON— Third National Bank. 
.PHILADELPHIA— Messrs. Drexei & Co. PARIS— Drexei & Co.; Bischoflshehn. Goldschmidt i: Co.; Messrs. A. J. Stern & Co. FRANKFORT-ON-THE-MAIN— Mr. 
<iebrnder Sulzbach ; A. J. Stern & Co. GERMANY— Bank of Saxe Meiningen. AMSTERDAM— Banque de Credit and Depot des Pays Bas. ANTWERP— Notlebolm 
Brothers; F. R. Kisrhotl'sheim. HAMBURG — John BerenberL', Gossler &'Co. BERLIN— Deutsche Bank Actien Gesellschaft. GENOA— Dapples & Co. NAPLES 
and FLORENCE— Anglo-Italian Bank. VALPARAISO and LIMA— Fred. Huth, Granmg & Co. MANILA— Russell & Stargls. CHINA and JAPAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Australia; Bank of New South Wales. IRELAND— Provincial Bank of Ireland, 
and all its braucb.es, viz: '- 
Tralee, Yoiigho 
'ow, (.'oolehill, 
Ximcrick. 

SPECIAL ATTENTION PAID TO SELLING OALIPOENIA SECURITIES IN EUKOPE. 

Collections, Purchases of Real Estate and Mining Shares, and Investments of all kinds in California. 

MILTON S. LATHAM, President. 

Brown MiiiiiiM»POifiTiii oo* 

J3E1X. HOLLADAY, President, 

San Psanctscoe 

WM. NOKPJS, Vice-President, San Prancisco; HOLLADAY & BEEKHAM, General Agents, San Francisco. 
Dispatch Steamers to tlie iollo-v^iiig; - places. 

StaHfcesm Mvmtes 

Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

f$©tttlk©gtt 2l«ui©8 

■Santa Cruz, Monterey, San Simeon, San Luis Obispo, Santa Barbara, Los Angeles, Anaheim , San Diego, Etc. 

Mexican Igouie, Siesmes ©¥©sy i?©*t.y Bay® 8 

Cape St. Lucas, Mazatlan, San Bias, Guaymas, and IL.a Paz. 

OFFICE s 217 Sansoine Street, San Francisco. 

The Premium Shirt Maker, Mrs. EVELINE MORRIS, 526 Kearny Street 



/ Advance to Financial Postscript can have their Copies Mailed Free from the Ojfid 



Prw, single copr, 6c*nt«; per Weak, 
35 oanta ; per Annum, Including Po*toge 
lo anv part of l!v world. Twelve Dot- 
tarm. FnnVvi uid ritbli«h<sirv Fndertck 
MamMt, No. 033 Montgomery Street, 
San Francisco, California. 



nn 



Drlivcrod immediately on the arrival of 
tbo malls in Row York, Liverpool, London, 
Paris, Hamburg, Frankfort. Dorltn, Suez, 
Alexandria, Yokohama, 
koag, Melbourne, Auckland, Sydney and 
Islands of (ho Pacific Ocean. 




latest ^Ictrs from (Out iHamoml flints in Jtctr jjHexiw and Jtafetfttf*. 

Dispatched Dally by tier Mails to ever]/ Monetary and Commercial Center tlirout/hout flic World. 



Vol. 1. 



SAN TJiANOISOO, WEDNESDAY, JULY 31, 1872. 



No. 9. 



OFFICE OF FINANCIAL rOSTSCIUl'T. 

San Francisco, Vi M., July HI, l.ST'i. 

BULLION, MONEY AND EXCHANGE. 

f\ OLD BAES, 800 to 70. Silver Bars. 1 1-4 Discount. Treasury Notes 
\j are selling at 87 1-4 to 87 3-4. Mexican Dollars, from 8 to 8 1-3 pre- 
mium. 

EXCHANGE ON N. Y0KK.1-2 per cent, premium for Gold; Currency, 14 
per cent. On London : Bankers, 49; Commercial, 49 1-2 ; Paris: 5f. 
per dollar. Telegrams, 3-4. 

PRICE OF MONET HERE, 1 to 1 1-4 per cent per month— Bank rate. 
In the open market 1 to 1 1-2 per cent per month. The demand is 
active. 



SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



shahes. 

Opblr 520 

Do 20 

Gould 4 Curry .... -18 

Savage 

Do 

Chollar 

Hale & Norcross 

Do. 

Do. 

Best and Belcher 

Grown Point 

Do 

Yellow Jackot... 

Imperial 510 

Do 50 

Do 100 

Empire 

Do 

Alpha 

Do 

Belcher 

Do 

Do 

Do 

Cons. Virginia — 

Do, 
Sierra Novada 270 



100 

30 

80 
105 

CO M0 
!0 

70 
389 

250 b30 
12U 



225 

100 
85 
. HI 
200 
100 
20 
20 
135 
00 



WW 


HIOH. 'J 


49 


50 1. 




blO SO i 


190 


102« 


at 


172* 




1)30 174 j 


in? 


110 


81 


90 


91 


91* I 


... 


M0 90 ' 


7 


wl 


141 


110 


lis 


150 




145 


13* 14 




b.30 14 


... 


blO is* 


13* 18* 




1)30 14 


01 


02 




b30 02* 


119 


ISO 




S3 119 




bSO 123 




na iso 


37* 40 | 




1)30 40 


10' 


i 10Ji 1 



SHARES. 

Daney -135 

Seg, Belcher 75 

Do 50 

Overman 20 

Justice 135 

Central 105 

Silver Hill 120 

Eclipse 530 

Trench 110 

Do 10 

Succor 00 

Jnlia.. 285 

Caledonia 100 

Do 30 

Do in 

Knickerbocker 480 

Globe W 

Baltimore 245 

Bowers 30 

Bait. Am3ricfa....2O0 

New York 30 

Union Con 100 

Woodville 300 

Do 200 

Do 100 

Insurance 100 



low. men. 
2 2* 
125 127 
.... 1)30 128 
.91 92V 



13* 
10* 



14* 



14 

11 
7 

14?; 
15 
.... b30 15* 
5 

0* 
03* 05 
.... b30 05 

.... IllOW,';? 

8* 9 



2* 



4,'« 



3* 
14 
2', 
1* 
3 
5 



1)5 

b3 



3* 



At the California Stock Exchange Board. 



Bait. American.... 100 

Belcher 40 

Condor 100 

Crown Point 10 

Hale & Norcross. . . 50 

Imperial 120 

Ingomar 125 

Jackson 200 

Louise 100 



115 

4 

150 



SHARES- LOW. HIGH. 

Ophir 10 .... 630 51 

Do 10 .... 51 

IPioche 20 29* 30 

|r Do 50 S30 29 29* 



13?.{ 



Eevenue Cons 100 

14 Sierra Nevada 50 .... b30 17 

l& Do .... 20 .... 16& 

i I Yellow Jacket 15 .... 144 

2,V Do 10 ... b80 143 



Notice to Oar Subscribers and Correspondents. 
George Johns, for several months past engaged as a traveling agent in town and 
country, has from this date no further business relations and is in no way directly 
or indirectly connected with the Han Francisco News Letter, Financial Post- 
script, or other publications issued at 623 Montgomery street. He has no authority 
to receive subscriptions. 

The City Gas Company announce a further reduction in the price 

of gas to $1 GO, same as the San Francisco Gas Company, to take effect 
August 1st. The Metropolitan Gas Company arc also in the field, and 
the triangular rivalry promises to be interesting ami profitable to the 
public, however damaging it may prove to the pockets of stockholders. 



LATEST TELECRAPH1C NEWS. 



LOXIiOX, .ri'LY .11. 

Consols, 92* for Money; 92)i for A<-||Liv'p'lWheatMarket,lls.9d.<eills.iii 
conni. I (United States 5-20 Bonds, 91*. 

NEW TOllK, JULY 31, 



Gold oncned at 11 1 'i ; 11 a. m. at 115. 

Sterling Exchange, iob;;@UO*. 

Flour, — . 

Pacific Mail, Tr. ■.. . 

Well?, Fargo & Co.. 89. 

Oil, S|, frill, qnlet, S1.38@S1.40; Win- 
ter Bleached, $l.liiKTi,$1.06 : Whale, 
0rn>, 70@H'i0c. ■, Winter Bleached, 
70®75. 

Hides, dry, 23*<®24*c; salted. I'M 12*. 



United States Bonds — Five-twenties of 

18B2, 110*; 1SC7, HIPj. 
Wheat, — 
Barley, — 
Quicksilver Mining Company, 42*. 

Cotton, quiet, 21 Vc. 

Wool, Spring, One, VISS?45e; Burry, 30W 

35c; Pulled, 50@00c ; Fall Clips, 82® 

37c. Burry, 20@25c 



YESTERDAY AFTERNOON SALES 

At the San Francisco Stock and Exchange Board. 



SHAHES- 

Adam's Hill 920 

American Flag — 210 

Do 100 

Belmont 70 

Do 50 

Bowery 150 

Condor 50 

Chief of the Hill... 400 

Do ....100 
Eureka Cons 370 

Do 100 

Do ....030 

Excelsior 350 

Do 150 

Golden Chariot.... 155 

Huhn& Hunt 940 

Ingomar 750 

Do 50 

Independent 100 

IdaElmore 70 



0* 



b30 



3* 

20* 21k' 

. . . 1)30 20* 

8* 

... b.'ffl 8* 

2* 

4 

6* 
0* 

20* 27* 
... b30 20* 
20 890 28 
13 13* 

... 030 13* 
10 
4* Vi 
1* IK 
... b.30 2 
1* 
17 



SHAHES. 

Jackson 25 

Moadow Valley.... 980 
Do ....S00b30 

Mammoth 50 

....'..300 

Do " 50 

500 

Newark 100 

0. H, Treasure 170 

Pioche 00 

Do 510 

I Do 20 

Phrenix 085 

Do :00 

Pea Vine 2070 

l Kayinond&Ely...l45 
Do, ... 2 

South Chariot 50 

■Wosh'ndi Creole.. 75 
Yule Gravel 120 



10* 
17* 



HIGH. 

95c 
17 
17* 
70c 
18* 
... S30 18* 
20c 
2* 
7* 7* 
.... BlO 29 
29 29* 

... b30 31 

4 4* 

... 030 4* 

1* 1* 

155 150* 

... b30 100 

3* 

5 



At the California Stock Exchange Board. 



SHA.BE9. 

...301) 
... 15 
... 20 
... 50 



Adams Hill. 

Belcher 

Chollar 

Daney 

Eclipse 75 

Gold Hill Qnartz... 20 

Huhn&Hunt O00 

Hale & Norcross.... 10 

Ingomar 25 

Imperial 20 

Louise 470 



high. 


s 


HARE 


3* 
113 


Do 


10 


110 




000 


2' i 




(10 


14 a 


Do 


. 10 


o* 

4* 


Raymond & Ely . 
Golden Chariot . . 


..140 
. 20 


S5 






2 
13* 




10 


2* 




250 



1* 

29* 



47*c 



if ran. 
51* 
30 52* 
1* 
30 
i 29 
153 
12 
3* 
50c 
145 
0* 



KEAI ESTATE TRANSACTIONS. 



Monday, Jnly 29th. 



GRANTOR TO GRANTEE. 



F L Castle to Evan AVatts 

Wm Hollie to H II Colby 

Bay Park H'd to II AButtner... 

B KNorlon to AJMorrell 

Thos Cummins to 1st Cong Soc'y 
J Frankenheimer to AVm Matthews 

C II Kilhy toGcoDaly 

Mission St It K H'd to Eliz Wright 
S F Co-op B'd and B A to O Collin 

Bav View H'd to J Tyler C'arr 

L Breisacher to M Heller 



DESCRIPTION. 



Polk ii Ellis, 100x25 : 

Grove e Buchanan, 23x(iS:9 

33d av w G, 25x100 

Harrison sw 1st, 50x73:2 

California andDupont, 100x08:9 

Ellis e Powell, 22x115 

Broadway e Lacuna, 112:0x50 

Heron av sw Niagara av, 100:8x40 

Sanchez and Jersey 275x114; also, Jersey 

eNoe, 50x114 

30th av and K, 75x100 

York and Solano, 100x100 



$1,800 

2.S0O 

300 

10,000 

10 

0,100 

0,100 

400 

1 

500 
750 



New Yoke, July 20th. — The Pacilic railroad bonds were in firmer de- 
mand, with sales of Union Pacilic first mortgage at i)0; Central, 0s at 102 
net, and Northern Pacific first mortgage 730 gold bonds at 100 and ac- 
erued interest. 



THE DAILY FINANCIAL POSTSCRIPT 



July 31. 




<&&lii#xum%Afrj£ttizj&%. 



Special Edition for Australasia, New Zealand and the Islands of the Pacific 



For some time past -we have had it in contemplation to publish a 
Special Edition of the News Letter, to be dispatched by each steamer for 
circulation among the 

Two and a Half Million of English-Speaking People in the 

Australias and New Zealand, 
We are satisfied that a grand opening for the commercial enterprise of 
our people is to be found in that region. To prepare the way for closer 
commercial and industrial relations, to make known the business advan- 
tages we have to otter, to popularize the route via San Francisco, so as 
to divert this way a very much larger share of that vast stream of travel 
which takes place between England and her Australian possessions than 
we have yet secured, and to furnish tbe colonists with that which they 
look so eagerly for upon the arrival of each steamer, namely: 
A Brief Summary of the Host Important Item of News from all Farts 

of the World, 
an intelligent and effective publication is required, conducted with a 
special knowledge of Australian as well as of Californian interests. With 



a view to supply this we have lor some time been in communication with 

the leading News Agents in 

Honolulu, Melbourne, Sydney, Adelaide, JSrisbane, Auckland, Dnvtd '<■«., 

Wellington, Lyttleton, Ballarat, Sandhurst, Gedony, Castlemaine, 

and the Principal Inland Towns, 

and have succeeded in making arrangements so satisfactory that on 

Tuesday next, at noon, we shall publish the tirst number of our special 

edition for circulation in Australasia, New Zealand and the Islands of the 

Pacific, to go by the steamer which sails on Wednesday. This edition 

will contain the 

Verj Latest Market Reports, 

and should therefore be sent by merchants to their correspondents. It 
will be a welcome present to friends at the small cost of 15 cents. As an 
ADVERTISING MEDIUM, it should be availed of by our Merchants, 
Bankers, Hotel Keepers, Railroad Men, Telegraph Companies, Wine Mer- 
chants, Wool-brokers, Agricultural and Mining Machinists and Seeds- 
men, by all of whom there is business to be done in the Colonies. 



FIRST NATIONAL GOLD BANK OF SAN FRANCISCO, CAL. 

Paid up Capital, H1.500.OOO, tiold. s't ^i.lci i. uvt*. F .Hconer: Vi<e- 
President, Samuel Hon : Cueliler, N, K. Masten. Directors— Geo. F. Hooper, 
Peter Donahue, Charles G. Hooker, M.P.Jones, James Moftitt, James C. Flood, 
EdwardMartln.D.callaghan, Samuel Hort. New York Agents— Jajj Cooke & Co. 
London Agents— Jay Cooke, McCnlloch & Co. Exchange for sale on the principal 
cities of the United States, Great Britain and Ireland. Commercial Credit* issued 
available in Europe, China and Japan. This Bank is prepared to transact a general 
banking business. Deposits in Gold, Silver and currency received subject to check 
or on special deposit. Collections attended to and prompt returns made at the low- 
est market rate of Exchauge. May j. 

THE BANK OF CALIFORNIA, SAN FRANCISCO. 

Capital. 85,000.0*10. I>. O. Mill*, President : W. C. Ralhlon. Cashier. 
AGENTS— In New York, Messrs. Lkes & Waller ; in Boston, Tremont Na- 
tional Bank; in London, Oriental Bank Corporation. Letters of Credit issued, 
available for the purchase of Merchandise throughout the United States, Europe, 
India, China, Japan and Australia. Exchange for sale on the Atlantic Cities. Draw 
direct on London, Dublin, Paris, St. Petersburg!!, Amsterdam, Hamburg, Bremen. 
Vienna, Leipsic, Sydney, Melbourne, Yokohama, Shanghai, Hongkong, Franktort- 
on-the-Main. March 28. 

NEW ENGLAND MUTUAL LIFE INSURANCE CO., OF BOSTON. 

Hn» trauftaeted Hie bunliieuH of 1-.iT*- IiiKiirai.ee for over a quarter 
of a century. Its assets amount to over Nine Million Dollars. The law of 
Massachusetts makes all its Policies nonforfeitable. It is a Purely Mutual Company, 
dividing every cent of surplus among Policy-holders. This is the Only Company 
on the Pacinc Coast governed by the Massachusetts Lapse Law. 

WALLACE EYERSON. General Agent, 
__April330 N\ E. cor. California and San&umc sts., opposite Bank of California. 

FIRE AND MARINE INSURANCE. 

The Fireman's Fund fiiKuraree Company, or Nan Franeteco, Cal- 
irornia. Organized April 25, 1883. Capital, $r>00,000, fully paid in gold coin. 
Fire, Marine, Harbor and Inland Transit IJisks, on terms as favorable as any other 
reliable first-class company. Greatest amount taken on one risk, ^50,000. Portions 
of risks considered too large will be re-insured in responsible companies. Losses 
promptly paid in United States gold coin. D. J. Staples, President: G.T.Lawton. 



•iptly p 
>Presid 



dent; Ch arl es It. B und, Secretary, 



Vice 

NORTHERN ASSURANCE COMPANY, OF LONDON AND ABERDEEN. 

Sntweribed Capital. fclO.OCO.UOO; Aeeamulirfcd Find. ^5.7<O.0U0: An- 
nual Fire Premium, $l,ut5,lW0. Losses Promptly Paid in U. S. Gold Coin. 

W. L.BOOKER, Agent, 
[Jan. 13.] No. SIB California street, San Francisco. 
B^" Tbe Policies of this Company are not only guaranteed by the Capital but by 
the unlimited personal responsibility of fully seven hundred Shareholders. 

FRENCH MUTUAL PROVIDENT SAVINGS AND LOAN SOCIETY. 

T \ven( v-;iftl» Seiui-Aunual l>lvidend.~ A Dividend or Sine is*-:- eent. 
per annum net (n per cent.) upon the operations of the French Savings and 
Loan Society lor the six months ending June 'JUtli, 1*72, lias. In conformity with the 
report of the Committee of Verification appointed bv the members of the Society, 
been declared by the Board of Administration, at the'Semi-Annual Meeting held on 
the lull Instant. This dividend will be payable on and alter the ivth instant, at the 
olhce of the Society, 411 Bush street. GUSTAVE MAHE 

J My 20. Director of French Savings Bank. 

GERMAN SAVINGS AND LOAN SOCIETY. 

Gnnnuitee Capital, £200.000 Olliee 512 California Street, Sontli 
side, between .Montgomery and Kenrnv streets. Office Hours, from 9 a.m. to 3 
p.m. Extra hour on Saturdays lrom 7 to 8 p.m., for receiving ol Deposits only. Loans 
made on Real Estate and other collateral securities at current rates of interest. 
Oeqrok Lei tk. Secretary. [Jan.29.] L. GOTTIG, President. 

SECURITY SAVINGS BANK.— GUAEANTEE CAPITAL, §300,000. 

Officer*: l're*idei t, John EV.rrolt: Viee-Fretddei t. Her r.v S. Han- 
cock: Secretary, T. F. Bacon; Attorney. Sidney V. Smith. Loans made on 
Real Estate and other Approved Securities. Office: X"o. :04 Sansome street < Fried- 
lander's Building), opposite the Bank of California, San Francisco. Oct. 11. 



Clay Mr« . i. * 



SAVINGS AND LOAN SOCIETY, 



nci>. .Lul.v Ullt. 1*72.™ At n in relink pftlie 



JJJ-t./ Board of Directors, held this da v. a Dividend ofXine iter cent, per annum 
for the six months ending June ".it I). I- V. was deelared on all deposits, free of Fed- 
eral lax, and payable on and after MONDAY, Julv lr.th, 1S72. 
•'"' >^. t-YUfS W . CAliMAX V, Cashier. 

DIVIDEND NOTICE. 

The ifaerinvii Sa^inenaidHuii. *oeiely.~- Tlit- Board of nireetnr* of 
the Society have declared the dividend for the six months ending June fOth, 
ltt.-.at the rate of <y a-,, per cent; nine and threc-lll'tlis per eent. per annum on Term 
Deposits, and ifi per cent.) eight percent, per annum on Ordinary Deposits, free of 
J- ederaLtax, payable on and alter Monday, tbe l„lh . I ulv. By order, 
July ". GEORGE ' " 



LET1E, Secretary. 



REMOVAL. 



Tlu* German Saving* and Uhii Kocietv lia» removed it* office to \o. 
.?& California street. Jimp i 



THE KIMBALL CAR AND CARRIAGE MANUFACTURING COMPANY, 

Corner Fonrlli and Bryant tdreels. Sail Fmncuwo, have on hflid 
of their own manufacture, and consigned to them from the best Eastern 
makers, for sale, vehicles of all kinds, styles and sizes, consisting of Barouches, 
Clarences, Coupes, Hacks, Phaetons, Charabancs, End, side or Wood C Spring, Open 
Buggies, Top Buggies, Express "Wagons, Delivery Wagons, Vegetable Wagons, Car- 
pets, Rugs, whips, Lamps, Robes, Lap and Horse Blankets. Particular attention 
is called to our celebrated Wood C Spring Buggies, Carriages, Carryall?, and Rock- 
aways, which are rapidly superceding the old-fashioned makes and styies, both on 
account of their remarkable lightness, durability, and the new and highly orna- 
mental style or body mountings. Having but little metal in their construction, ex- 
cepting in the tires, thev have onlv the weight with all the strength, of the toughest 
ash and hickory woods, and run without the usual creak and clatter of iron and steel 
built buggies. The ea*e with which they carry is unequaled. The company have for 
sale new and second hand stage coaches, stage wagons, farm wagons, headed wag- 
ons, freight wagons, army wagons, ambulances, liorse carts, hand carts, and also 
street railroad cars. Having the largest and most complete mannfactnring estab- 
lishment of its kind in the United Stntes, with large supplies of the best seasoned 
material on band, we are prepared to build to order on short notice, and in all cases 
guarantee the material and workmanship. Parties desiring to purchase are invited 
to call and inspect our stock before buying elsewhere. The Kearny and Fourth street 
cars going south will land visitors at the door of manulaetory. Warning is hereby- 
given that all infringements upon the patents of this company, viz: for the Wood! 
C Spring and the Steel Centered Axle, and the Steel Center Plate, will meet wltli 
prompt and energetic prosecution to the fullest extent of the law. Nov. 20. 

REMOVAL AND CHANGE OF AGENCY. 

Tlie publie are ittvited to take notice tlmt tlie JV-.tnn In nam nee Com- 
pany of Hartford, have removed from the corner of California and Leldesdorn* 
streets, to the opposite side of California street, No. 14 Merchants* Exchange Build- 
ing. Also, that they have recently appointed the undersigned their General Agent 
for this Coast. All business of the Company will be attended to at their new loca- 
tion, bv the newly appointed General Agent. The old -d£»na has cash assetB of 
$5,052,8s0, and an experience of Fifty Years in the fire in: 



Wa. Macdosald, Agent. 



insurance business. 

GEO. C. BOAIIDMAN, General Agent. 
Nov. 21. 



DIVIDEND NOTICE. 

San FranciKCoSuvii cm ti Eoi . ."32 t:.lifori in street, eeri erlVeLn — 
For the half venr ending withlOlh June, IS. 2, a dividend lias been declared at lite 
rate of nine and six-tenths in 6-iti) percent, per annum on Term Deposits, and eight 



able on and after uth July.lS.2. By order. 
Julys. 



Cashier. 



THE LONDON AND SAN FRANCISCO BANK (Limited). 

Sell Dmfte on Tukuhaiua. llon^korg. Shanghai and ."!;;» JH. at 
sight o r on time, in sums to snit. July 4. 

MASONIC SAVINGS AND LOAN BANK. 

Guaranteed Capital, gl.">O,0GO, Olllee, So. G Post htreet. Masoiii* 
Temple, San Francisco, California. LEON1DAS E. PRATT, 
Geo. Roblss, Secretary. [ApriMc.] President. 

FRENCH SAVINGS AND LOAN SOCIETY. 

j -j i BumIi Mti-eet, above l&em-iiy. <*. -TI;!:*'. Ilireetur. l.<i;tr>. miidc? 

4fcXJ- on real estate and other collateral securities at current rates of interest. 



B 



J. SELIGMAN & CO., 

anlterH, afo. 413 California Mtreet. — Kxelini;ce ni d Teleprs nhle 

ju> Transfers for sale, pavable in Gold or Currency, in sums to suit, on all principal 
cities of the United States. Also. Bills ol Exchange on the principal cities of 
Europe. Dec. 24; 

D. F. Verdenal,] POULTEBER & VERDENAL, [T. J. Poct-teher, 
otoeit Brobera, San Fraudttu Stock and ExrhacBC Boavd, SHIS Cali- 



fornia street. 



M ay 1 1 . 



CALVERT'S CARBOLIC SBEEP WASH, 

Silver .Medal. Parfa. isr,~ : < ,^ld in tl Silver 9Ied»l. Ilrvr*'. INrtS ; ftj- 
plome d'Exeellence, Amsterdam, and Diploma d'Honnenr, Santiago, Chili. 

EDWAKD JACKSON, Sole Agent for the Pacific Coast, 
Juneir-. $16 Sacramento street. 



EDINBURGH ALE. 

ubert Yotii'seVa < »-l*-»n:. i« ■«£ 6 dii. bur^li Pale Ale. ii- l>ulh and 

_ bottles, ex late arrivals. For sale by AGARD FOTJLKES & CO., 

March lu. 413 Front street, S. F. 

CARMEN ISLAND SALT. 

Torn*, to Arrive. For Kale in ltoi d. I»v.— 

March 2:,. HOLLAS AY A BKENIIAM, Agents, -123 Front street 



R 



312 



Jas. O. Hountree.] R0UNTREE AND McMDLLIN, [Geo. O. McMlllin 

Wholennle !Te:ilerM in tJrocerleti aid ProviHioitH, \o. 'i-i'-t Front 
street, between Clay and Commercial, San Francisco. Oct. 29 



Juur 31, 



OF THE SAN FRANCISCO NEWS LETTER. 



OUR FOREIG N HO RNET'S NEST. 

[rHOM THE LONDON QOMKJ J"t n.NALS.] 

Jl B : lIKO, 

They b*n& OQl hMUO^ <>Vr NftWgahVl door, 

Batchm of plckpocEetu -« soon or man— 

\viiti«> Tvimrii Tnv mn mortTren tti tor tat; 

Hut d in iiM. . cnangvd ail tii.it. 

Who kind mother, onoo wu caU*d a lud nan— 

We change th' iuiti:il now, ami term him mad man! 

The prts'nrr, by a lawyer cute defended, 
Is putty Ibttml— to mercy recommended; 

OrnH pettthuu nahe poor Justice falter, 
And mto ii blood-atiteu tnurd'rer from the halter : 
No looscf .in the wordi with penw combine. 
Thai •• wreCcbea bang for Jurymen to dine. -1 ' 

Now, in-cnlest criminals are most eietifetl, 
And Mercy's qualities are mo?t abused; 
Once, for all fins, they made the hempen Hue n cure- 
Jack Ketch's office now I* but n sinecure; 
Tis Merry's gen'rons nature to forgive, 
Aud Justice nuds, that murderers may live ! 

SPECIAL FROM GENEVA. 
When responding to your command to attend the Arbitration at Geneva, in the 
character of your special correspondent, I Decked up my one extra shirt, three col- 
lars aud a tooth-brush (slightly bald) us a prelude to Immediately hieing me to tin- 
land of condensed milk and Danny*goatS, 1 Could not help tliiMki'iii: howlnippv was 
your choice. Of all the talented members of your start*, I believe I am the onlv one 
thoroughly conversant with Swiss life and character. It Is true I never was in 
Switzerland and donl know the language, but for several months I have resided 
on the same floor with a gentleman whose time la divided between the tnanufactore 
of inexpensive alarum clocks aud the consumption of a savory kind of sausage. 1 
li ive. too- or at least I had till untoward drcamstancea necessitated Us loan to a 
friend— a watch of Geneva workmanship, a frequent inspection of the works of 
which, in order to remedy a peculiarity it had lor goina pixtv-fivc hours per diem, 
when it did go— aud that was not often— gave me an insight Into the manufactures 
of the country, which perpetual residence in the chief cautons could not have bet- 
tered. On several occasions I have seen Mr. Albert Smith in his entertainment 
" MonI Blanc;" [have always considered myself up in the Swiss mountains, and 
by constant practice from my early youth I can very nearly sing " On* the hanks of 
Zurich's fair waters," giving the In-lnVit-ely with the sweetness and precision of a 
native Many times -ah ! how many times have I refreshed my ardent clay at the 
' Swiss Cottage," St. John's Wood. Let me recall for a column or two those hap- 

1>y occasions. * * * As I was saying, it was with thoughts such as these that 
found myself in the city of Geneva. I had no sooner landed than the Daily 
A'ews special, struck by my diplomatic appearance, took me, or rather mistook me, 
for an arbitrator, aud Interviewed me straight off. " General Cashing, I believe f " 
he eagerly inquired. "My godfather and godmother gave me that name," I re- 
plied evasively and sweetly, but with a dignity befitting ray assumed character. 
"You have heard in America of the Drdly News?" safd he. " We have," I re- 
plied ; " It has been of immense service to us in that country. By its ready tele- 
grams we have been in the constant habit of anticipating the dav after to-morrow. 
The Senate is contemplating a resolution affirming its world-wide circulation and 
advising every one to take it in," ''Impossible! 1 ' exclaimed the delighted cor- 
respondent, and he rushed off to the telegraph office to wire the intelligence to 
England. Playfully humming "Arouse ye, arouse ye, my merry Swiss boy," I 
journeyed on to the Hotel de Ville, and there hearing from a mob of dingy persons 
hanging about the building, and whom I at once took for newspaper correspond- 
ent*, that the Arbitrators were in sitting, I presented myself to the beadle. He 
met me with an eager glance. "You areJM. Stacmfli I" he gasped. Always equal 
to the occasion, I replied with dignity, " Qui." •' Then come in," he said. I did. 
In a moment the great tribunal burst before my astonished gaze. I bowed grace- 
fully to Count Sclopis de Salerano. I regret to say that he was wanting in that 
courtesy which distinguishes the upper classes of Italy, and did not return the 
salute. On the contrary, he frowned severely, called the beadle and whispered 
him. That functionary started, stared and advanced toward me with something 
like kicking in his expressive face. I am not a coward, but I impulsively turned to 
go. Perhaps by this movement I furnished the bloated menial with a favorable 
opportunity for his vile purpose. He meanly took it, and I went— cannoning in 
my flight six English specials who had been vainly endeavoring to supplant 
each other at the key-hole. On picking myself up, I was informed that the 
Arbitrators had determined to sit in private. — Correspondent of t/ie Hornet. 

"IF I HAD ONLY KNOWN"— 
That the 6tocks were going up, I should have bought more-and held them till 
they fell flatter than a flounder. That that clear-headed Jones had invested in the 
undertaking, I should have— said he was an old fool, aud put my money into 
something else. That you were positively coming, I could have prepared— a 
plausible excuse, and gone into the country. That the ungrateful old curmudgeon 
intended leaving the property to that sycophant William, I should just have- 
fawned on him even more than I did, in the hope that he would change his mind. 
That the cistern cover was dangerously frail, I should have instantly had it— re- 
moved, aud the child would have tumbled in sooner than he did. That the Trus- 
tees were speculating with our money, I could have— gone in with 'em. That 
your sou needed the place, it would have been easy to— make you believe I favored 
his appointment. That you were about to marry the daughter of my old friend, I 
should have written him— that you were a very improper character. — Fun. 

LAUGHORISMS. 

However rich a man may be, he needs not despair of marrying so long as he con- 
tinues sufficiently old, , aud his cough goes on regularly. If his paralysis shows a 
disposition to asBist, it increases his chances. 

People who honor their fathers and their mothers have the comforting promise 
that their days shall be long in the laud. They are not sufficiently numerous to 
make the life assurance companies think it worth their while to offer them Bpecial 
rates. 

There are people who dislike to die, for apparently no better reason than that 
there are a few vices they have not had the time to try; but it must be confessed 
that the fewer there are of these untasted sweets, the more loth are they to leave 
them. 

Men ought to sin less in petty details, and more in a lump, so that they might the 
more conveniently be brought to repentance when they are ready. They should 
imitate the touching solicitude of the lady for the burglar, whom she spares much 
trouble by keeping lier jewels well together in a box. 

To Dogmatism, the Spirit of Inquiry is the same as the Spirit of Evil; and to 
pictures of the latter it has appended a tail, to represent the interrogation point. 

"A man's honor," says a philosopher, "is the beet protection lie can have." 
Then most men might And a heartless oppressor in the predatory oyster. 

The canary gets its name from the dog, an animal whom it looks down upon. 
Wo get a good many worse things than names irom those beneath us— aud they 
give us a bad name, too. 

Let the Church take heart ; scoil'ers are like traveling fools; they always select the 
fairest walls upon which to inscribe their defacing names. They are like them in 
divers other respects. 

"Eccentric" is the solemn judgment of the stalled ox upou the sun-inspired 
lamb. 



Origin of the Word Alabama* 

This was told the other day by au American visitor at the noon prayer meeting 
of the Young Men's Christian Association, 165 Aldersgatc street. During a large 
prairie fire, the Indians rushed from their homes and sought refuge in flight. The 
flames pursued them ; they saw no way of escape. A river intercepted further 
progress; there was no time for hesitation; they threw themselves into the water 
and swam to the opposite shore. Seeing they were safe, they prostrated themselves 
on the ground and cried, " Al-a-bama, meaning, " here is reBt." From the coin- 
cidence arose the name of the State, and from that the ship. Singular that what 
only implies peace and rest should have beeu the means of strife borderiug on 
war. —English, Paper. 



ROLL OF THE 8AN FRANCI8C0 STOCK AND EXCHANGE BOARD 

E. P. PECS.HAM PreaJdcnt^ 

GEO. W. SMILEY, . Vice-Pro«idont. 
FRANKLIN LA 

Barton, W. E....Mer.Bx. BalUI'g.loT 
Bonynge,C. W..ioiMi>utg'y, tap stain. 

Budd, W. C OS California afowt 

Burling, W W OtlUDrnla street 

Cahill, E 406 Montgomery street 

Charles, H- A... 406 Montgomery street 

Child, E. F 503 California street. 

Coarsen, G. A.. .588 Montgomery street 
Crosby, F. W. . .528 Montgomery street. 

Dixon, S 315Montg\y, op stairs, 

Duncan, W. L +42 Montgomery st. 

Deane, Coll 102 Lcidesdorff street 

Everett A. F. . .506 Montgomery street 

Eyre, E. E 424 Montgomery street. 

Ehrlich, M 412 Montgomery street. 

Ford, J. C 420 Montg'y, up stairs. 

Fitch, J. B 411^ California street. 

Fox, C W 400 Montgomery street 

Freeborn, J 422 California street. 

Glover, G. F. M. . .438 California street 

Hall, E. F., Jr 410 California street 

Herr, J. J 422 Montgomery street 

Higgins, W. L. . . .413 California street, 

Hassey, F. A 402 Montg'y, up st'rs. 

Poulterer, T. J. . ..833 California street. 
Henriqnes, David. . . . 506 Montgomery. 

Hill, H. L Out of town. 

Ives, G. 1 424 Montgomery street 

Jones, J. H 434 Cal'a st. f up stairs. 

Jones, C. W 418 Montgomery street. 

Keene, J. R....408 Montgomery street 

King, J. L 402 Montg'y, up st'rs. 

Eilgonr, L 401 California street. 

Knox, Geo. T 513 California Btreet 



I B. H. OOIT Caller. 

I H. SOHMIEDELL, . . . Treasurer. 
WTON, Secretary. 

J Kinscy, A. G 405 Cal'a, upstairs. 

Lisaak, A. H tmMllbrala street. 

Lovoland, L- F 4is Cal'a, up stairs. 

I Martin, M.S.... 336 Montgomery street 

Marina, E. J. Do S 409 Cal'a street 

I McDonald, M. L 404 Montgomery st 

! McDonald, M. J.. 402 Montg'y, up st'rs, 

, McElwain, J 100 Lcidesdorff struct. 

j Noble, H- H 417Hayward'sBuild'g 

! Page, R. C 331 Montgomery street 

; Peckham, E. P 413 California street 

Perry, J., Jr 104 Lcidesdorff street 

Parker, W. C 104 Liedesdorff street 

Rorke, B- B 4 Duncan's Building. 

Rogers, R. F. . 405 Cal'a st , Room No. I 

Rose, L. S 415 Montg'y, up stairs. 

Schmieden, H )01 California street 

i Schmitt, B. L 437 California street 

Seligsberg, Wm 428 Montgomery st 

ShotwelL J. M 334 Montgomery st 

Smiley, G. W 444 California street. 

Stanford, W. T. . . . 316 California street 
Strother, F. F. . . .330 Montg'y, up st'rs. 

Stoutenboroogh, C 420 Montg'y st 

Sherwood, B, F 415 California street 

TnrnbulL, "W 418 Cal'a st, up stairs. 

Vinzent C 334 Montgomery street. 

Webster, G- G 304 Montgomery st 

Williams, H 434 California street 

Wilke, F- H 418 Montgomery street 

Winans, J. C 418 California street 

Whitney, A. W. 

Woods, F- H 422 California street 

Zinns, L. A 411 California street 



CALIFORNIA STOCK EXCHANGE BOARD. 

T. J*. L. SMILEY, President. | JOS. TILDEN, Caller. 

OHAS. L. WELLER, . . Vice-President. | E. J. BALDWIN, Treasurer. 

W. W. LAWTON, Secretary. 



Adamson, W. R. H...403Cahforn"a st. 

Allen, C. R 100 Liedesdorff street 

Baldridge, M 60S Montgomery st. 

Baldwin, E. J 509 California street. 

Barrell. Sam'l. 422 Montgomery street. 

Bourne, J- B 323 California street. 

Broderick, R...6 Merchants' Exchange. 

Crosett, J. F Ont of town. 

DeGreayer, S...613 Montgomery street. 

DeLacey, Chas 430 California street. 

DeLorme, E. W. . . .506 Montgomery rst. 

Diftot, A 422 Montgomery Btreet 

Duncan, "W. T 413 Califoruia street, 

DuVal, W. S.411 California st.Room 4. 

Ellis, A.J Pacific Club. 

Fitch, H. S 506 Montgomery street. 

Flagg, H. H. . -415 Montgomery street. 
Gildemeister, J. P. H.ll3Montg*y Bib. 

Gillis, G. P 400 Montgomery street. 

Gray, J 806 Montgomery street. 

Harvey, C C 418 California street 

Hawkins, Jas. . .13 Stevenson Building 

Hill, J. Bryant 528 Montgomery 9t 

Hoare, C. W 408 California street 

Howard, H. C..322 Montgomery street. 
Hussey , J. L. ... 305 Montgomery street. 

Hyneman, S 420 Montg'y street. 

Kenney, C. A. 411 California street. 

Kent* R- T 404 Montgomery street. 

Klopenstine, J. -422 Montgomery street. 

Lacour, L 503 Montgomery street. 

Lawton, W. W At Board Room. 

Lichtenstein, M. B-406 Montgomery st. 

Lincoln, J 322 Montgomery street. 

Mansfield, M- . .306 Montgomery street 



Marina, E. J- de S..322 Montg'y street. 
McCarthy, Eugene. 327 Montg'y street 
MeCullough, T. J. . .306 Montg'y street 

McKenty, J 422 Montgomery street 

Middleton, John... 310 Montg'y street, 

Miller, Wm. H 

Moore, J. M 77 Montgomery Block. 

Moyle, J. W 302 Montgomery street 

Owens, J- H 428 California street. 

Patridge,H. C International Hotel. 

Perine, G. M 413 California street. 

Pheby, T. B. . . 446 Montgomery street 

Roberts. D. S 

Rogers, Geo. E. 331 Montgomery street. 

Rosenblatt S 503 California street . 

Rudsdale, M 418 California street. 

Sanborn, T. C 411 California street 

Schmitt, M 437 California street 

Sewall, G. T..21 Merchants' Exchange. 

Smiley, T. J. L 310 Montgomery st. 

Smith, E. L 302 Montgomery street 

Smith, W. J 422 Montgomery street 

Snowball, R. Y.-.. 411 California street 
Soren, Geo. S.. .528 Montgomery street. 

Stewart, Geo. W 

Taylor, W. S 420 Montgomery street 

Thompson, J. M..-428 California street. 

Tibbey, E. S 503 California street 

Tilden, J At Board Room. 

Townsend, M. D...Hayward's Building. 

Weller, Chas. L 521 Jackson street 

Williams, W. J At Board Room. 

Wolf, F 424 Montgomery street. 

Wright, Wm. H. . 420 Montg'y street. 



FOR MAZATLAN, GUAYMAS AND LA PAZ. 

Tonrliiiifr at *'"• v*' M, J.ue-e. for Passengers Only — The Steamship 
MONTANA, Wm. Metzger. Commander, will leave Folsom-street wharf, for the 
above ports, on FRIDAY, August 2d, at 10 a.m. No cargo received after a o'clock 
p.m., onMiesist July, without clearance from the Mexican Consulate. 
July 31. HOLLADAY & DRENHAM, Agents. 



T 



FOR PORTLAND, OREGON. 
heHleamsMn-AJax,""' F. Bolle*, <«iuui:inder, will leave Folsom- 

street wharf, for the above port, on SATURDAY, August :'d, at 10 o clock a.m. 
HOLLADAY & B K EN HAM , Agents. 



July 



T 



GIANT POWDER COMPANY. 
he <*iar.l Powder 1'uiupnn}', Baiiduiaiui, Nielsen Ac Co., Oeneral 

Agents, 210 Front street. . Nov. 21. 



E. F. Child.] 
iiliKk Brokers. 



CHILD & TIBBEY, [E. S. Tibbey. 

503 California (street, Man Franeiitro, California. 

March 2. 



JAMAICA RTJM, 

[m Oanrter Casks 30 Qr- Casks Higli Proof— For sale in Bond or 
duty paid, by [Feb. 9.] AGARD, FOULKES & CO., 412 Front street. 



T 



OAKLAND MILITARY ACADEMY. 
he Fielitli Year will commence on Wednfwlnj-. .July 26tb. 1»7I. 

Address [Julyl.] REV. DAVID McCLUBE, Principal. 



THE DAILY FINANCIAL POSTSCRIPT 



July SL 



OFFICE OF FINANCIAL POSTSCRIPT, 

8cm Jrvrrtic ieeo, 12 M.,*July 31, 1&73. 

OUR DIAMOND MINES* 

The Financial Tostscripl of yesterday gave some general information 
concerning tbe recent- dissevery of diamonds in an adjacent) Territory, 
and the acquisition by some of the leading capitalists of San Franeisco of 
tbe title to the ground in which they are found. We arc able to-day to 
give some further interesting details of the discovery. The gr-avel in 
which the gems are found is ascertained to occupy an area of some three 
thousand acres. The tract lay on Government land, and the Government 
has issued its patent for the entire area. The present owners have there- 
fore tbe power of the United States to rely upon to protect them in the 
possession and enjoyment of their property. 

Mr. Janin,. the mining engineer and mineralogist, who investigated and 
reported upon the property, mentions in bis report that himself and com- 
panions had washed out $8,000 worth of gems — estimating the best 
quality diamonds at $16 per carat and those of inferior quality at 83 per 
carat. These figures illustrate that gentleman's -well-known practice of 
keeping his conclusions well within the bounds of safety. The present 
market value of one-carat brilliants is 5105. The value increases rapidly 
with increase of size. Thus, a brilliant of two carats commands $400; 
one of three carats, $700; four carats, 51,100; five carats, $1,750; and so 
on. These-are jewelers' buying prices. Stones of less weight than two 
grains and of the second quality are worth $45 per carat ; of the third 
quality, $37 50 per carat. The weight by whieh diamonds and precious 
stones arc calculated is : four grains make one carat; one hundred and 
fifty-one and one-half carats make one ounce troy. The largest stone in 
the collection sent to San Francisco by Mr. Janin will cut to a brilliant of 
over four carats. 

An interesting fact in connection with the gravel deposit in whieh the 
stones are fouud is, that it contains numberless small black crystals of 
carbon— the true black diamond. Besides the diamonds, Mr. Janin's col- 
lection embraces rubies, garnets and sapphires. One of the last named is 
an extremely beautiful stone. Rubies, as is well known, are, for the first 
quality, more valuable than diamonds. The value depends on the color. 
Stones of the finest and purest quality, well spread and proportioned, sell 
at the following prices: One carat, $70 to $100; two carats, $35'J to 
$400; three carats, $1,000 to $1,250; and four carats, $2,000 to $2,250. 
Stoues of greater weight than four carats arc of such exceptional occur- 
rence as to command fancy prices. The value of the sapphire is not re- 
ducible to a scale like that of the diamond and ruby. A fine sapphire, of 
rich color by night as well as by day, -weighing one carat, is worth $100 ; 
while a sapphire, equally fine, weighing one hundred carats, would not 
sell for more than $15,000, and possibly not more than $10,000. A ruby 
of the same size and perfection would be the most valuable gem in ex- 
istence, surpassing even that of the finest diamond. 

Mr. Janin, from his examination of the gem -bearing gravel, ventures to 
place an estimate ou its value; that is, he makes figures to show that if the 
sum of $1,000,000 be paid for the property, the proeeds of an 
extremely limited area should return the cost. Mr. Janin 
limits his estimate in terms to tbe supposition of finding only 
stones of limited size, in such quantities as his washings actually showed, 
and at the valuation pntupou them by him — which is rather arbitrarily 
assigned at much less than their market value. 

The financial plans of the present proprietors arc well advanced, and as 
soon as they shall be matured will be announced. In the meantime we 
may mention that a number of our most conservative capitalists arc large 
investors in the new diamond mines. 

In this connection, we "note that the certificate of incorporation of 
"The California and New York Mining aud Commercial Company" was 
tiled yesterday, with the following named trustees: Hon. M. S. Latham, 
President of the London and San Francisco Bank ; Albert Gansl, of B. 
Davidson & Co., Rothschild's agents; Hon. Thus. II. Selby, Win. M. 
Lent, Win. F. BaUcock, Louis- Slots and Maurice Dure, of San Franeisco, 
aud Gen. Geo. B. McClellan and S. L. M. Barlow, of New York City. The 
capital stock of the Company is $10,000,000. 



Henry C. Hyde, executor of the will of Samuel Dana, deceased, 

brought suit in the Fifteenth District Court yesterday, against the Cali- 
fornia Mutual Life Insurance Company, to recover $10,000 on a policy of 
insurance on the life of the deceased. 



At Hongkong June 38th, California Quicksilver was quoted at 

$91 a 91 1-2. 



Decision Against an Accident Insurance Company. 

An important case has just been determined in Springfield, 111., againsfi 
the Passenger Railway Accident Company of Hartford, Conn. It seero& 
that John Tooley, at Quincy, HI., purchased two accident fnsnranee poli- 
cies, each for $3,000, good for two days, assured by the Fassenger Rail- 
way Assurance Company of Hartford, Conn. The assured went to Chi- 
cago, and from there took passage in the train of the Illinois Central 
Railroad for Kankakee. The train arrived at the latter place about 7:15- 
in the evening. "When the train stopped Tooloy alighted and stepped; 
into the depot. The train stopped five minutes while the engine took, 
water. While Tooley was standing at the door of the depot the train* 
started, moving slowly toward a coal house, two hundred or three hun- 
dred feet distant, for the purpose of taking fuel. Just then Tooley ran* 
lor tbe train, and, rcaehing the forward platform of the rear coach, threw 
ont his hands as if attempting to get on board, when he fell between the 
ears and was run over, receiving injuries from whieh he died. The coun- 
sel for the defendant insisted that the accident did not come within the 
provisions of the policies, because it did not actually occur in a public 
conveyance. The Court, however, instructed the jury that the phrase 
'* traveling in a public conveyance" could not be literally construed; 
that if the accident occurred while the insured was either getting on or 
off the train, or attempting to de so, for any reasonable purpose incident 
to railway travel, it comes within the terms of the policies. The jury 
foend a verdict for the plaintiff for the full amount of both policies, with 
interest and costs. 

American Secnrities in Amsterdam, 
The American Xcws, a paper published at Frankfort, both in English 
and German, and edited by Germans, discusses in it-; money article Amer- 
ican finances. The following is an extract from it; *'Thu greatest market 
for United States bonds is Amsterdam. In no other European country 
have tbe various American stocks been acclimated in such a manner as irt 
Holland; that can be proved by the daily price enrrent of the bourse of 
Amsterdam. Before the outbreak of the American war, only the different 
Southern bonds aud (of sad memory) the Philadelphia bank certificates- 
had been negotiated by Messrs. Hope & Co.,, and were sold in Holland. 
Through the same certificates, as well as through some other unsafe 
American stocks, the ruin of thousands was caused. But now all tl\e 
blows are forgotten and many wounds are healed, for the Dutch bond- 
holders generally have doubled and tripled their wealth by their continual) 
buying of the various United States bonds. Russia has been for a long; 
time the favorite of the Dutch capitalists, but at the present time nearly 
the half of the official priee current daily contains the various United 
States bonds, and not a part, but all the great American railway loaus r 
the town, country and city bonds of the American Union. 



The Demand for Silver Dollars. 

China needs silver coin, has made no provision for establishing a Mint, 
lb apparently not disposed to establish one, is now looking to this coast 
for the supply of her want, and the field appears to be open for California. 
The Shanghai Courier says, "all that is required to make dollars current 
throughout Cliina is an adequate supply of a good coin of uniform weight 
and purity." We have in San Francisco all the requisites for furnishing 
a cheap supply of silver coin to the Chinese, and they can obtain it from 
us at less expense than from any other source. The exportation of silver 
to Europe is part of the regular business of San Francisco, and Europe 
as regularly exports to China, and the entire production of Nevada would 
not supply the amount required by the Celestial Empire in exchange. All 
the costs of this exchange arc a discount on the value of our silver pro- 
duct. Mexico, Peru and Chile are more remote from China and have no 
regular and direct intercourse with her. 

Some years ago a few American dollars were coined here for circulation 
in China, but the Government made no effort in behalf of the experiment, 
and it failed. Yet, if the statements of the Shanghai Courier are correct, 
the American dollar could be introduced there in great quantity and with 
much profit to our country. It is clear that China can obtain silver coin 
at less expense from San Franeisco than from any other place, and that if 
we fail to supply it, the presumption of mismanagement will rest upon us. 

Californians abroad are reported by the Paris-American Begfo- 

ter of the 6th instant, as follows: In Paris, Miss Jessie D. Carr, Mr. 
Hutchinson, Mrs. Lawrence, Mr. Pott and family, J. L. San ford, J. 
Fisher Smith and Col. C. W. Tozcr; in Geneva, Mrs. L. L. Arnold, C- 
Crocker and wife, Miss Mattie Crocker and Willie Crocker, Mrs. J. 
Clarke and family, Jennie G. Kerchival and Mrs. C. A. Peake; in Berlin, 
Frank C. Farrington; in Frankfort-on-the-Maiu, Lewis Wormser and 
family; in llombourg-lcs -Bains, Mrs. C. Kcia; in Wiesbaden, Albert C- 
Janin; in Stuttgart, Ph. Rester. 

Cash Gold in New York- 

New Your July 20th.^-Gold loans are making at 1-16 a 1-8 per cent, 
for thcuffljof gold for SO days, 1-4 a 1-2 per cent, for 60 days, la 1 11 per 
cent for 90 days, 1 3-4 a 1 7-8 per cent, for four months, and 1 7-8 n 2 per 
cent lor the balance of the year. These high rates of interest for the use 
of fold arc in anticipation of a scarcity in the future, when the Govern- 
ment will absorb a large amount of gold for customs, and the bankers 
will ship ^old to Europe to bridge over to the next cotton crop. The new 
tariff bill "-oes into effect on the 1st of August, when the custom duties 
will undoubtedly be large, as our bonded warehouses are overloaded with 
goods awaiting the benefit of ten per cent, reduction in the tariff. There 
will be no more large disbursements by the Government until November 
1st and this faet, in connection with the prospective demand for gold for 
customs and exports, has no doubt induced many people to pay the high 
rates of interest uuticed above. 



July SI 



OF THE SAX FRANCISCO NEWS LETTER. 



OUR MINES. 

Gould & Carry and the Cliques. 
Then i* a rtorj onlha itreet, which m rapaM For what it m 
worth, in Uifl oflccl linn tin- poworfol Block clique which succeeded about 
the mootlu lnj{ IheSortgc mine from the control of the 

. iuo, bare now aoccooded in Bccurlojr two-thirds of tbe stock ol 
the Gould A Curry Minim,' Company. If this bfi inn- tiny have the 
powvi i -ion of Uia mine under a mining law pasaed by the 

Mature, which provides that when stockholders who control two- 
Iblrda of iuo capital atock of any company become dlaaatlafled with the 
Iroatooa, they are empowered to call a meeting and elect oew trustees, 
of the Financial 1\ i . ■; I not assume that tbeaacceaaof > 

red proposed operation la assured uotU aftor auch Inquiry aa will 
aatlafy their own minds; The Gould A Curry Company own 1,200 feet on 

tnatock lode, and the capital Block Ls divided Into 4,800 ebares, or ii 
four shares to the toot Since It* formation it boa paid $8,820,600 to the 
Bbareholdcra In dividends, and levied $673,000 In Baeeaamenu, 

Crown Point.—- The Superintendent wrote JulyUOth: "The ore sent 

to the mills tbopaal week did not ran na bighaa uanal. owlngtolt nil 

coming from tbe 1,100- foot level, worli below on the 1,300-foot level bav- 

:i Interrupted bv tbe cave. To-day the whole force i^ at work on 

thai level, Tha pumps are working well, in sinking the rust winze, 

which was commenced on the extreme east Bide of the ledge In the 1,200- 

ivel, Bunk stralghl down, crossing the barren Btreak of quarts which 

laya toward the center of the ledge full twenty feet lower than we did bc- 

Ibe 1,100 and 1,200-foot levels.^ 

Plot in-. — The diapatcfa from Ploche, 80th Inst., Btatea : " North winze 
down twenty-one feet; ore two feet wide; assay, $251. South winze 
down thirty-six and one-half feet ; ore two and one-half foot wide; assay, 
tltifi, The newlflO-fcet drift is In twenty-six feet. Bullion shipped, 

* i o, aa ;. ' ' 

Ha I.- »\; Noreroaa. — Report for week ending July 27th : Ore extracted, 
601 ions. 



Savage.— Ore extracted week ending 
assay value, $25 08. 



July 27th, 1,369 tons; average 



OboUar-FoUwL — Ore extracted week ending July 27th, 950 tons. 



OUR _R A I L S . 

Important Reduction in Freights. 

The Salt Lake papers call attention with satisfaction to the reduction 
on the Union and Central Pacific Railroads in rates for freight between 
Ogdcn and Omaha and between Ogden and San Francisco. Utah ores 
and bullion participate In a special way in the benefits of the reduction. 
Between Ogden and San Francisco first-class freight is now £1 85 in place 
of $2 75; second-class, SI 60 instead of $2 26; third-class, $1 G5 to -51 40, 
and fourth-class, £1 40 tu £1 2o. The reeuetion on machinery from San 
Francisco is not less than £100 pur carload, while ores and bullion, which 
were formerly 518 75 and $28 per ton, are now reduced to §16, without 
regard to value. This, on base metal, is a reduction of §12 per ton. At 
thosame time the Union Pacific Railroad has reduced its schedule on ores 
and bullion from Ogden to Omnha to the following rates: Ore assaying 
under $100 per ton, fourteen dollars ($14) per ton. Ore assaying over 
$100, sixteen dollars (§16) per ton. Bullion twenty dollars (§20) per ton, 
without regard to as say. __ 

Los Angeles ami (lie Southern Railroad. — The Committee of 
Thirty-five, of Los Angeles, have held a meeting, and on motion of Gen. 
Stoncmon adopted the following resolution : "Itemlt'cd, Thut this Com- 
mittee recognize the justness of terms proposed by the Southern Pacific 
Railroad Company, and recommend them to the favorable consideration 
of the people of Los Angeles county, and pledge our individual efforts to 
Bet are their adoption and acceptance, and that the propositions be referred 
to the Board of Supervisors for its favorable action thereon." Messrs. J. 
M. Griffith, J. dc Barth Schorb and E. P. F. Temple were appointed a 
Committee, to present the report and an ordinance containing the propo- 
sition to the Board o f Supervisors. 

Central Pacific Railroad Oilices. — The Central Pacific Railroad 
Company is commencing the erection of a large building on the northeast 
corner of Townsend and Fourth streets, to which, on its completion, their 
offices will be removed from Sacramento. The building will be of brick; 
will be three stories high, and will cover an area of one hundred and 
twenty-live feet square. The foundations are being laid now. 

The Movement of the Stock Exchange. 

Alluding to the fluctuations of values on the Stock Exchange, the New 
York Financier has the following remarks, the justness of which will 
come borne to many readers of the Financial Postscript, with illustrations 
to point them drawn from personal experience. Our contemporary says: i 

"The fluctuations in prices have only aYemote reference to real value. 
It is impossible to conceive that gold, for example, is 'worth ' 114= at 10:30 
and 1U 1-8 at 10:45. Eric sold at 40, 50, 00 and 70 ; yet it can hardly be 
said to have varied thus in value. Boston, Hartford and Erie was 3 7-8at 
the beginning of the year, mid is 8 now; but as it is entirely worthless, 
Whoever buys it at 8 docs so in the hope that somebody else will venture 
a higher be\i on it. It is easy to assign reasons for the variations in tbe 
market, but very hard to adduce clfieient ones. Tbe oldest hafritlie of the 
street, though he be fuller of 'p'ints' than Dauiel Drew himself, and less 
wary about imparting them, cannot tell whence are the little winds which 
hourly blow through the hall of the Exchange and move prices up and 
down. It is easy to prophesy after the event, and yet, to a man who had 
looked over the situation, it should have appeared clear that Mr. Drew's 
great contract was a safe thing for him, and also that the English fever 
about American securities would carry Erie above 50; the dips, and 
waverings, and reactions, which swallow small outside operators, and the 
limit of advance, and the extent aud suddenness of the return, are not to 
be foretold; and yet they arc all less difficult to foretell than the little 
variations of a miscellaneous sort. The broker who bids, at the opening 
of the morning call. 1-8 higher or lower on a particular stock than the 
bid at the close of the previous day, could scarcely assign any reason, un- 
less he has deliberately resolved upon bulling or bearing ; the reason may- 
be referable to his digestion, to a newspaper paragraph, or to a disposi- 
tion to test the feeling for the day. The Exchange may be almost likened 
to a pliinchette board on a vast scale, which moves aud moves in a mys- 
terious way, returning perpetually over its own course and tangling its 
movements iuto a thickening snarl, while each man's hands are on it and 
each man cannot say that he moves it, but it partakes of the impelling 
influence of all." 



Swamp Land Reclamation in California. 
!' Kills, tin energetic President of the Bank <>f California, has 

i|> land 
owned by Dim, bordering the bay In front of bis One estate In Ban Mateo 
County, with avion t<> the reclamation of the mud.- for the purpose of 
agriculture, The action ol swamp land and reclamation dlatncta under 
Doral ael ->f the Laal Legislature of California ha* not been so 
prompt aa waa generally/ anticipated. The law authorizes any district, by 
vote of a majority of acreage, t<> Issue bonds to the amount of £0 per 
acre, the proceeds to bo used either for tbe payment of outstanding In- 
debtedness or for new reclamation work. The only district in the State 
which has yet taken decisive action la Levee District Nu. 5, of Sutter 
('■unity. Tnla district contains 123,967 acres, and the land ownors nave 
determined In legal form to lasuo bonds to tbe amount of $144,478 to pay 
outstanding indebtedness, and $178,606 lor future reclamation work; 
total. 1617,981 Interested parties in other districts, however, have 6cnt 
for blanks and for specific information, and some have taken initiatory 
steps toward organization under the law. Three or four different steam 
maehine li:i\ < i" in constructed and set to work with more or less suc- 
cess. < 'ne or two of them dig ditches five or six feet wide, aud COO&truct 
levees from the earth which is thus excavated. One machine, recently 
built at San Francisco ut a cost of §UO,0O0, is designed to dig a canal 
for drainage purposes twenty-seven feet wide. But up to tbe present 
time the greater portion of ditch and levee work actually performed has 
been dune by Chinese labor. 

Chinese Military Barbarity. 

The Chinese Government is waging a war of extermination against the 
lately rebellious Miaoutzc of Kweiehow. A correspondent with the Im- 
perial forces at Kwei-Tang-Foo, writes: "The Generals in charge of the 
different corps of the army managed to persuade five Miaoutzc chiefs to 
entrust themselves to their honor. Their modus operandi was as follows; 
Taking a live "rooster," they tore it to pieces, and mixing the blood 
with wine, each one quailed a cup of it, which was equivalent to telling 
the Miaoutzc that, as they shared the same blood, they were prepared to 
share the same fate; in other words, they — the Generals — guaranteed with 
their lives the lives of five Miaoutzc chiefs. Having thus got the 
chiefs into their hands, the Generals then presented tliera to the Tee- 
tai, who, in his turn, sent them here, " with compliments," to the Too- 
tai, and this high dignitary speedily told the poor Miaoutzc that the Em- 
peror had sent orders to behead thera! Accordingly they, or at least 
four of them, were taken out yesterday to be killed — a little at a time — as 
usual. The eyelids were first cut off, then the hands, then the two breasts, 
then the heart and the liver, and, finally, the head was cut oil". One only 
of the five excaped this dreadful fate, being fortunate enough to find the 
means of stabbing himself before the horrible torture commenced." 



The Laboring Poor of New York. 

Benevolent people who have organized in New York city plans for the 
relief of the sick children of the poor, tell terrible stories of the condi- 
tions under which these helpless beings are compelled to live. Amid 
crowded, filthy and ill-ventilated tenements are found hundreds of poor 
children, with everything around them to invite the inroads of disease, 
and nothing in their homes to arrest its progress. Men are found whose 
earnings amount to sil or §13 a week, and who, after paying $2 out of 
this for the weekly rent of a couple of rooms, have to find support for a 
wife and three or four young children. Truckmen, house-painters, black- 
smiths even, free from any suspicions of loose habits, are found merely 
able to pay their way, living amid the most wretched surroundings and 
with the certainty of being unable to see to the comfort of a sick child, 
or to make up for the loss of half a day's work. 

[And California wants these very men, and wants all of them. She 
can make them almost independent in ten years.] 



-^^ From the Cape of Good Hope we have particulars of the great 
diamond robbery reported last month. A person named John William 
Harding, who had taken passage for England from the Cape in the rfyria, 
was arrested on the 4th of June at the Royal Hotel, Cape Town, on sus- 
picion of having robbed the diamond fields. His luggage had gobe on 
board the Syria, aud on examination over 2,000 diamonds and more than 
£1,000 in money were found concealed in the stock of his gun, both bar- 
rels of the rifle, powder-flask, courier bag and other places. The man 
had arrived from England at the end of last February. 



N' 



HOME MUTUAL INSURANCE COMPANY OF CALIFORNIA. 
o. -iaa California St.. Merchant* Kxchanpe Rnilclincr. Fire ana" J»la- 

-, rlnc Insurance Company. Capital, iTf.r.nfO. orp-fKiis: — Tohu H.Kcdinpton, 
President; George II. Ikiwmil, Yi<-i--rn.-sidcnl ; Charles K. Story, Secretary; V B. 
Eddy, Murine Secretary. H.H. UIGELOW, General Manager. Directors.— Snn 
FranclBCO— Geo.H. Howard, F. D. Atherton,H. F. Tesehemachcr, A. B-Grogan, John 
II. Uedington, A. W. Bowman, C. S. Hobhw, B. M. Hartshornc, D. Conrad, Win. H. 
Moor, Geo. S. Johnson, II. N. Tilden,W-M. Greenwood, S. L. Jones, Geo. S.Mann, 
Cyrus Wilson, W. H.Foster, Jr., Jos. Galloway, W. T. Gnrratt, C. "VYaterhouse, A. 
P.Hotallng. Oregon Branch— 1*. Washerman, B. Goldsmith, L. F. Grover, D. Ma- 
clear, C. H.Lewis, 1. loyd Lmoke, J. A. Crawford, D. M. French, J. Lowenbcr^, 
Hamilton l'.uvd. Manager, W. L. Ladd, Treasurer. Mnrysville— D. E. Knight. San 
Dj,,^,,— A. ll.'Wilcnx. SiHTuiiH'.iUf Branch— Charles Crocker, A. llcdniglon, Mark 
Hopkins, Jas. Carolan, J. F. Houghton, D. W. Earl. Isaac Loliman. Julius Wetzlar, 
Julius Wel/.lar, Manager, I. Lohman, Secretary. Stockton Branch -H.H. Hewlett, 
Geo. S.Eyans, J. D. Peters, N. M. Orr, W. F. McKce, A. W. Simpson, A.T. Hudson, 
H M. Fanning. H. H. Hewlett, Manager, N. M. Orr, Secretary. San Jose Branch— T. 
Ellard Beans, Josiah Beldcn, A. Prlstcr, J.S. Cartel'. Jackson Lewis, N. Hayes, Noah 
Palmer, B. I). Murphy, J. J. Denny, Manager, A. E. Moody, Secretary. Grass Valley 
-William Watt, Bol-crt Walt. Nevada-!'. W.Sigourney. Peb.l.. 

FLEE AND MAEINE INSUEANCE.-UNION INS. CO. OF S. F. 

The California IdoydS^-EHtebliBlied in ISBI^-Kok. 410 ami 41S «'«li- 
iornla street. Cash rapital, S7r,(l,non in Gold. Assets exceed $1,000,000 Coin. Fair 
Kates! rmiiipt Settlement of Losses: ! Solid Security ! ! Uirkctohs- J. Mora Mots, 
James Otis, William E. Barron, J. G. Kittle, Daniel Mayer, M. J. O Connor, \\ . V\ . 
MuiitV'iio, Mose;-* Heller, Adam Grant, N. J. Dana, Wm. Scholle, Charles Koliler, 
Joscpfi Seller, W. C. Balstnn, I. Lawrence Pool, A. Weill. J'.sqdi BrandenBteln, 
Benjamin Brewster, Jabez Howes, Milton S. Latham. Nicholas Liming, John Parrot t 
I, Sadis M. D. Sv-'eeney, Morion Cheesman, James Phelan, Gus.Tonchard, ?Meholas 
Larco, N.G. Kittle. George C.Hiekox, George C.Johnaou, L. A. Booili, 1. E. Lin- 
demerger, L. Cunningham, Peter Decker, MarjsvUle.^ TOUCHARDf Prca)fici|t . 
C iiaklkb D. IIavbn, Secretary. Geo. T. Boiien, Surycyor. May 7. 

IMPEEIAL FLEE INSUEANCE COMPANY OF LONDON. 

ENt»bIi»li«><l in 1803 Capital. f*S.m)0>,OOO.— i,<t*i«'» paid here in vaslt. 
Immediately on adjustment, in L'nited States Gold Coin. 
FALKNEB, BELL & CO., Agents for California, 
Fp^g, No. 4^0 California street._ 

OPEEA BOUFFE! AIMEE! LIBEETTOS! SC0EE5! 

All (he music, both vocal ami inntriniiciital, from the principal 
Comic Operas, as given bv the Aimee Opera Troupe, at the California Theater, 
published and for sale at [Jiily p.] GBAY r S M CS IC STOKE, 623 and t-2', Clay st. 

D. CALLAGHAN, 

Manufacturer of I)onu«»ll>'M Yea*t PouderN. Cream Tartar, Soda 
and Sala-raiiis, 121 Front street, San Francisco. California. . 

ApriU. D. CALLAGHAN, Proprietor. 



THE DAILY FINANCIAL POSTSCRIPT July 31. 



miSIHC BJLHJi 



TIIMIIE TABLE. 



Commencing Monday, April 29, 1872, and until Further Notice, Trains 

and Boats will leave San Francisco 

7 ft H A- ^" Overland Express Train for Sacramento, Harysville, Red Bluft", Colfax, Reno, Ogden and Omaha. 

OnnP, M. San Jose Passenger Train, stopping at all Way Stations. 

A ft ft -P* ^- 'Passenger Train for Stockton, Merced and Sacramento. 

n Of) P. M. Overland Emigrant Train. Through Freight and Accommodation. 

>y Qfl A. M. Steamer New World (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

yi rtfi P. M. *Sacramento Steamer (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

Q flrt P. M. *Steamer Antelope (from Broadway Wharf), connecting at Donahue with Trains of S. F. and N. P. R. R- 

8f\f\ A. M. Excursion Boat (Sundays only), from Broadway Wharf, connecting with Special Train of S. F. and N. P . 
• UU Railroad for Cloverdale and intermediate points, returning to San Francisco by 7.00 P. M. 

Oakland Branch-Leave San Francisco 7:00, 8:10, 9:20, 10:10, 11:20 A. M., 12:10, 1:50, 3:00, 4:00, 5:15, 6:30, 8:15, 
9:20 and *11:30 P. M. (9:20, 11:20, and 3:00 to Oakland only.) Leave Brooklyn *5:30, 6:40, 
7:50, 9:00 and 11:00 A. M., 1:30, 2:40, 4:55, 6:10, 7:55 and 10:10 P. M. Leave akland *5:40, 0:50 
8:00, 9:10, 10:00 and 11.10 A. M., 12:00, 1:40, 2:50, 3:50, 5:05, 6:20, 8:05 and 10:20 P. M. 

Alameda Branch. -Leave San Francisco 7:20, 9:00, 11:15 a. m., 1:30, 4:00, 5:30 and 7:00 p. m. (7.20, 11.15 and 5.30 
to Fruit Vale only. Leave Hayward's *3.45, 7.00 and 10.45 a. m., and 3.30 p. m. Leave Fruit 
Vale *4.40, 7.35, 9.00 and 11.20 a. m., and 1.30, 4'05 and 5.30 p. m. 'Except Sundays. 

A. N. TOWNE, General Superintendent. 
T. H. GOODMAN, General Passenger and Ticket Agent. 

PACIFIC MAIL STEAMSHIP COMPANY. 



Regular Mail Steamer leaves Wharf, comer of First and Brannan streets, on the first of every month, punctually at 
noon, for YOKOHAMA and HONGKONG, connecting at Yokahama with the Company's Branch Line for SHANG- 
HAI, via llioga and Nagasaki When the sailing date falls on Sunday the steamer will sail the preceding Saturday. 

From May to October, inclusive, an Extra Steamer will be dispatched on the 16th of every month. 

August 1st, Steamer 

AXKIXERIGA, Capf. Z2oane. 

August I@th, Steamer COLORADO, ©apt. Warsaw. 



FOR I^TETW YORK, via I»-AJ^kJML4.. 

LNCEEASED SERVICE. 

Leave punctually at 12 o'clock noon on the 3d, 13th and 23d of each month for Panama, and connecting, via 
Panama Railroad, with one of the Company's splendid steamers from Aspinwall for New York- Beginning August 13th 
all steamers touch at San Pedro and San Diego. 

August 3d, Steamer ARIZON A, Captain Farnsworth. 

CALLSNC AT ACAPULCO. 

Until further notice steamer of the 13th will connect for Central American Ports, viz: Champerico, San Jose de 
Guatemala, Acajutla, La Libertad, La Union and Punta Arenas. Steamers of the 13th and 23d will call at Mazatlan 
and Manzanillo, and all steamers at Acapulco. 

Through tickets sold to and from Liverpool, Queenstown, Southampton, Bremen, Brest, Havre, Hamburg, Stettin, 
Copenhagen and Norway. Apply at the Pacific Mail Steamship Company's office, at Wharf, cor. First and Brannan sis. 

ELDKIDGE & IKWIN, Aleuts. 



.In.Y 3 1 



OF SHE SAN FRANCISCO NEWS LETTER. 



¥IEWS ALONG 




WEST PORTAL TUNNEL No. 1. 

«15 milts from San Fraacljco— Altitude 4,574 feet. 



03 




SNOW GALLERY. 

S44 miles from Son Francisco — Altitude 6.954 feet. 



CD 



CO 



CO 






CO 


CO 

CD 
CU 


f 


CO 




; . - ■ :, _ 




CO 




CO ^ 
CD 

H 

CO _ _ 

"c§ OS 



INTERIOR SNOW SHEDS. 





S 




CD 


"CD 


CO 


CD 




3* 


CD 


tXi 




GO 





STATE LINE. 

276 miles from San Froncleco— Altitude 6,130 fc?t. 







TRUCKEE RIVER. 

:7fl mllfa fro'ii San Francisco— Altitude r.,cni fceL 



THE DAILY FINANCIAL POSTSCRIPT. July 31. 



THE BANK OF CALIFORNIA. 

S-A-OJO" IF" IR. .A. 3SX O I S O O . 



Capital, - - - a ■ - - $5,000,000 

D, 0. MILLS, President. ~T W. C. RALSTON, Cashier, 

In New York, Messrs. Lees and Waller; in Boston, Tremont 
National Bank; in London, Oriental Bank Corporation. 

jgf" The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondence at all the principal Mining Districts and Interior Towns 
of the Pacific Coast. 



Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan and Australia. 

Exchange for Sale on all the Atlantic Cities. 

X>Ifc-A-*W DIRECT OTS 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frankfort-on-the-Muin, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AND SAN FRANCISCO BANK 

T.nwi'1'i.m- 

With which has been consolidated the business of 

I»^JR,I£OTT «fc OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 



0«,p>it£tl, - - 85,000,000. 3Ft©ser-*7-e ^-ducl, 3800,000 



Of which $3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

SAN FRANCISCO OFFICE, 4S3 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodewald, Esq., Chairman; H. L. Bischofl'slieiro, Esq. (Messrs. Biscliott'sheim & Goldschmidt) ; J. F. Flcmmieli, Esq. (Messrs. F. Iiutli 

it Co.); K. II. Green, Esq. (Messrs. linsscll aud Staigis, of Manila); Julius Mnv, Esq. (of San Franeisco), Frankfort-on-tlle-Main ; 

J. S. Morgan, Esq. (Messrs. .1. S. Morgan & Co.); Baron H. de Stern (Messrs. Stern Brothers); Rudolph 

Sulzbach, Esq. (Messrs. Sulzuach Brothers), Frankfort-on-thc-Main. 

Manager in London : - - - R. D. PEEBLES, Esq. 

geciretssy* * JABlESj B* »HMHlff» e 

President £a Saa F^aacisca, lULTOlf S. EJLTSJJ& 

Assistant Manager (San Francisco), CAMILO MARTIN. Caskier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, ALFRED BANNISTER. 

The Bank is prepared to tranpnet all kinds of General Banking and Esclmnee Business, in London and San Francisco, and between said Citios and all parts of the 
world. The San Francisco Ollice- s anthorized to draw Bills of Exchange or issue Letters of Credit, upon cither of the nnder-named Founders and Proprietors of the 
Bank, or (althe option of the buyer) upon the following Houses, with Whom the Bank has established credits, viz: LONDON— The London Joint Stock Bank, No. 5 
Princess Street ; Messrs. Bischoffsheim, Goldschmidt & Co.; Messrs. Fruhliii" & Goschen ; Messrs. Frederick Huth & Co.; Messrs. J. S. Morgan & Co. (successors to 
Messrs. Georjru Peabody & Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. DrexeL Morgan & Co., 58 Exchange Place. BOSTON— Third National Bank. 
PHILADELPHIA— MetfBre. Drexel & Co. PARIS— Drexe] & Co.; Bischoffsheim. Goldschmidt & Co.; Messrs. A. J. Stem ~& Co. FRANKFOKT-ON-TIJE-M A1N -Mr. 
Gehruder Sulzbaeh ; A. J. Stem & Co. GERMANY— Bank of N:;\~e Mriniji.rn AMSTERDAM— Bantjue de Credit and Depot des Pays Bas. ANTWERP— Nottebobn 
Brothers; F. li. Bischoffsheim. HAMBURG— John Burcnbcrsr, Gossler & Co. BERLIN— Deutsche Bank Action Gesellschaft. GENOA— Dapples & Co. NAPLES 
and FLORENCE— Anglo-Italian Bank. VALPARAISO and LIMA— Fred. Huth, Griming & Co. MANILA— Russeil a: Stur»is. CHINA and JAPAN— Hongkong ami 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Australia; Bank of New South Wales. IRELAND— Provincial Bank of Ireland, 
and all its branches, vi/,: Dublin, Cork, Limerick, Oloumel, Londonderry, Siigo, Wexford, Belfast, Waterford, Galwav, Armagh, Athlone, Coleraine, Kilkenny, Ballina, 
Tr.ilee, YoiiL'hal. Enniskillcn. Monagliau, Banhridge, Ballymena, Parsonstowu, Cavan, Omagh, Dimsannon, Bandon, Ennis, Ballyshannon, Strahane, Dtmgarvan, Mal- 
low, Coolchill, Kilrnsh, Skibbereen, Ennischorthv, Fertnoy, Ncwrv, Lno-hed i, Nenagti, TeniplemoreVCarrick-on-Suir, Carrick-on-Shanuon, Cloglieen, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID TO SELLING CALIFOENrA SEOUEITIES IN EUEOPE. 

Collections, Purchases of Real Estate and Mining Shares, and Investments of all kinds in California. 

MILTON S. LATHAM, President. 



mmmwm wa^cxeic vRAravonwAVioir 



'* 



J3EIY. HOLLADAY, President, 

Sast StattciscOf, 

WM. NOEEIS, Vice-President, San Francisco; HOLLADAY & BKEKHAM, General Agents, San Francisco. 
I>iwij;iteli Steamei-s to tho followin-j places. 

Sfestbezm Eoute % 
Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

Southern:. Honie : 
Santa Crux, Monterey, San Simeon, San Litis Obispo, Santa Barbara, Los Angeles, Anaheim , San XHego, life. 

Megtesffi Koute, Steani.ei' exezy Posfif Days 8 

Cape !s*t. Lucas, Mazatlan, J9>an Bias, Gnaymas, ami La Paz. 

OFFICE ; 217 Sansome street, San Francisco. - 

The Premium Shirt Maker, Mrs. EVELINE MORRIS, 526 Kearny Street 



/ 



xcribers t . e to Financial Postscript can have then- Copies Mailed Free from the Office 



Pncw, tingle copy. 5 emu ; per Week. 
25 cent* : per Annum, Including Postage 
to anr pari of foe world. Twelve Dol- 
lar*. Prtnttxi and Published bv FrKkrich 
Marriott, No. (OS Mcntconvrr Street, 
San Franclfeo, California. 



Dolivorod immediately on tho arrival of 
hi F)<iw York, Liverpool. London, 
Pans, Hamburg, Frankfort, Berlin, Suez, 
Alexandria, Yokohama, Shanghai Hong- 
kong, Molb-junn;, Auckland, Sidney and 
Oosan. 




[Established July 20, 1856.] 



Xatcot pnrs from (Ouv iiiamontl £Uim\$ in p*w |Umc<r ami JUteoun; 





- 








1 w 




- 




C ^ 








•-_ j 






11 


ispatched Daily 


/'.'/ 


//<(■ 


Mails to every Monetary and 


Count 


ercial 


Center 


1h 


roughe 


at 


//,<> 


ItOrlit 




Vol. 


1. 






SA2T TEANOISOO, 


THUESDAY, 


AUG. 


1. 


1872 












No. 


10. 



OFFICE i>V FINANCIAL POSTSCRIPT, 

Sun I'ramisio. l'i M., .tut/. 1, 1H7S. 

BULLION, MONEY AND EXCHANCE. 



f\ OLD BABS, 860 to 70. Silver Bars. 1 1-4 Discount. Treasury Kotes 
\j are selling at 87 to 87 1-2. Mexican Dollars, from 8 to 8 1-3 pre- 
mium. 



EXCHANGE ON N. YORK, 1-2 per cent premium for Gold; Currency, 14 
per cent On London : Bankers, 49; Commercial, 49 1-2 ; Paris: 5f. 
per dollar. TeJegrame, 3-4. 



\RICE OF MONET HERE, 1 to 1 1-4 per cent per month— Bank rate. 
In the open market, 1 to 1 1-2 per cent per month. The demand is 
active. 



SALES OF STOCKS TH8S DAY 

At the San Francisco Stock and Exchange Board. 



SHARES 

Ophlr 70 

Do 30 

Gould & Curry.... 40 

Savage 170 

Chollar 90 

Do 20 

Halo & Norcross ... 115 

Crown Point 155 

Do 95 

Imperial 810 

Do ISO 

Empire 150 

Alpha lie 

Do SO 

Best and Belcher ... 550 
Yellow Jacket — 25 

Do 30 

Belchor 335 

Do 290b30 123 

Caledonia 90 

Do 50 

Knickerbocker 145 

Arizona and Utah. . 50 



. LOW. 


men. 1 


45 


47 


.... b30 47 


189 


190 


169 


172 


107* 


109 


.... bSO 110 


91 


93 


145 


146 


.... b30 150 


13* 


13* 


1>30 1:1* 


13« 


13?,' 


18 5-0 


59 


60 


.... D30 02 





7 


143 


145 


.... b30 147 


120 


123 


>30 123 


125 


G3 


64 


.... b30 05 




8* 
2 



SHARES. 

Baltimore 50 

Trench 100 

New York 150 

Union Don ....300 

Woodville 225 

Do 1O0 

Phil Sheridan 50 

Confidence (30 

Cons. Virginia 290 

Sierra Nevada 255 

Do 30 

Daney 310 

Exchequer 70 

" ;, Belcher 10 

Overman 70 

Do 10 

Buckeye 245 

Julia 155 

Bait American — 300 

Silver Hill 425 

Central 10 

Eclipse 190 



Ow. 


IU'II. 


.. 


s* 




15 




1* 


2* 


3 


4* 


5 


.. b: 


5 




25c 


ii * 


11* 


38 


38* 




16 


. . MO 16* 


2 


2* 


20 


21 




120 


91 


91* 


. . blO 92 




s* 


6* 


a* 


2* 


2* 


7 


7* 




io* 


14* 


14* 



At the California Stock Exchange Board. 

LOW, 



SHARES 

Bait, American. ... 11.' 

Condor 100 

Do 50 

Eureka Cons 15 

Gold Hill Quarti.. . 20 
Hale & Norcross. . . 40 

Knickerbocker 30 

Louise 550 

Noonday 450 

Pioche 20 



HIGH. 
2* 

3* 4 
.. b80 4>» 



23 



24* 
6* 
91 



20c 
830 30 



SHARES. 

Phoenix 650 

Do 200 

Do 100 

Raymond & Ely. . . 55 

Revenue Cons 400 

Sterling 200 

Union Cons 50 

Yellow Jacket 20 

S.F. Transfer Co.. 10 



LOW. HIGH. 

4* 4* 
.... b3 4* 
.... 830 4* 

150* 157 

6*c 
65c 70c 



14,1 



144* 
50 



London, July 13th, 1872. — Central Pacific and California first mortgage 
bonds (4s (id paid) closed 84 bid, 8t> asked. Union Pacilic land grant first 
mortgage bonds (all paid) 6(1 bid, 68 asked ; Union Pacific Railroad bonds, 
Omaha bridge, 1U0 bid, 103 asked. Panama, General Mortgage, sterling, 
88 bid, 'J2 asked. 



Notice to Our Subscribers and Correspondents. 

George Johns, for several months past engaged as a traveling agent in town and 
country, has from this date no further business relations and is in no way directly 
or indirectly connected with the San FBANcrsco News Letter, Financial Post- 
script, or other publicationBissued at 623 Montgomery street. He has no authority 
to receive subscriptions. 



LATEST TELECRAPHICJYEWS. 

i.oyi>i)X, aii:. i. 
United States 5-20 Bonds, 91*. | Liv'p'l WheatMarket,«s.9il.@lls.lo 

Consols 92'j. 

A'«ll' YOJtK, AVG. 1. 



Gold opened ftt.ll."> 1 , ; 11 A. m. at ll.Vj. 

Sterling Exchange, l0iiy a @U0K . 

Flour, — . 

Pacific Mail, 70;;. 

Wells, Fargo h Co.. W. m 

Oil, S perm, quiet. Sl.:;», klM ; Win- 
ter Bleached, $l.tKHTi'$l.r;s ; Whale, 
firm. 70@160C. ; Winter Bleached, 
70®75. 

Hides, drv, 23*®24*c; ealtc<l,12®12*. 



United States Bonds — Five-twenties of 

1862,116*; 1867, 116* 
Wheat, — 
Barley, — 

Quicksilver Mining Company, 42;.'. 
Cotton, quiet, -V Vc. 
Wool, Spring, One, 3S®45c; Bnrry, SO® 

35c; Pulled, 50®tKlc; Fall Clips, 32® 

87c. Burry, 20@2fic. 



YESTERDAY AFTERNOON SALES 

At the San Francisco Stock and Exchange Board. 



SHARES. 

Alps 20 

Adam's Hill 350 

American Flag — 265 

Do 150 

Belmont 20 

Bowery 70 

Chief of the Hill.. 69 

Chapman 200 

Condor 225 

Excelsior 150 

Eureka Cons 520 

Do 50 

Golden Chariot. ...110 

Do .... 60 

Huhn& Hunt 300 

Do .... 50 

Ingomar 365 

Independent 50 



LOW. nron. 

3* 

3* 8* 

20* 21 

... 08121* 

8* 

a* 

5 

1* 

4 

12* 13 

24* 25K 

... b30 20 

10 10* 

... b30 11 

4* 4* 

. . . b31 4* 

1* 

1* 



SHARES. 

Meadow Valley.... 520 

Mahogany ■ •> 285 

Do 10 

Minnesota 200 

Noonday 150 

O.H.Treasure 160 

Pioche 390 

Do 60 

Phoenix 1845 

Do 200 

Pea Vine 640 

Page & Panaca — 150 
Raymond &Ely... 55 
S. Consolidated.... 460 

South Chariot 50 

■Wash'nAs Creole.. 100 
War Eagle 25 



LOW. HIQH. 
16* 17 

18 18* 

.... bSO 18* 
2 2* 

25c 
7* 8 
29* 31 
.... b30'31 

4* 4* 
.... b30 4* 
1* 
2* 
156* 157 
60c 
3* 
4* 
7 



At the California Stock Exchange Board. 



SHARES. 

American Flag — 40 

Adams Hill 200 

Belcher 110 

Do 100 

Do 100 

Daney 50 

Hale & Norcross. ... 20 

Imperial 50 

Jackson 100 

Do 100 



LOW. HIGH. 
21 

3* 
118 121 
.... c 118 
.... bSO 125 



w 

1 

b3 1 



SHARES. LOW. HIOH. 

Louiso 750 2* 2* 

Ophir 10 .... h30 52* 

PeaVine 200 1* 1* 

Pioche 80 29 29* 

RevenueOon 2O0 .... 6* 

Savage 20 .... 169 

Do 20 .... D3 170 

Phrenix 200 4* 4* 

Do 400 b30 4* in 

Sterling 550 50c 60c 



REAL ESTATE TRANSACTIONS. 



Tuesday, July 30th. 



GRANTOR TO GRANTEE. 



S A Woodbuay to B B Minor. 



J C Dnncnn to Mary E Morse 

C F Hamilton to Edward Higbton . 

Daniel Green to L S B Sawyer 

J CDancan to I H Morse 

Henry Tbomcn to C N Ellenwood. 
City and Coanty S F to R Chatham 

Hugh Whittell to G F Whittell.. . . 

HP Cole to CR Story 

I K Basford to H A Marqnana 



DESCRIPTION. 



>3 of l-7th of the Joaquin Pina Claim, 
known as the Pointi.obos Grant; also, 
Broftdwav and Octavia, 137:6x85; also, 
corn'g at Vt on ne cor of piece of land 
conv'd to Chart by Woodbury, Aug 9 

1866, w 40 chs, n 52 chs, etc $ 10 

Minerva e Capitol, 25x125 65 

Maple n Washington, n 27:3, etc 500 

Unfl 1* acres Oulside Lands 100 

Minerva e Capitol, 25x125 65 

Sutter e Powell, 80x187:6 10,000 

Mariposa and California, e200. etc; also, 
Mariposa and Wisconsin, e 200, etc . . . prom 

Greenwich w Devieadero, w 275, etc 1 Gift 

Howard ne titb, 31:3x80 1 

18th w Folsom, 24x100 1 1,000 



New York, July 23d.— To-day the Pacific mortgage bonds were active, 
including sales of Union Pacific first mortgage at 90; Central at 101 1-4 
net, and Northern Pacific gold 7-30s at 100 and accrued interest. 



THE DAILY FINANCIAL POSTSCRIPT 



Aug. 1. 




<&&lifj$h%m%&friexii%£X. 



Special Edition for Australasia, New Zealand and the Islands of the Pacific 



For some time past we have had it in contemplation to publish a 
Special Edition of the Nem letter, to lie dispatched by each steamer for 
circulation among the 

Two and a Half Million of English-Speaking People in the 

Anstralias and New Zealand. 
We are satisfied that a grand opening for the commercial enterprise of 
our people is to be found in that region. To prepare the way for closer 
commercial and industrial relations, to make known the business advan- 
tages we have to otter, to popularize the route via San Francisco, so as 
to divert this way a very much larger share of that vast stream of travel 
which takes place between England and her Australian possessions than 
we have yet secured, and to furnish the colonists with that which they 
look so eagerly for upon the arrival of each steamer, namely; 
A Brief Summary of the Most Important Item of News from all Farts 

of the World, 
an intelligent and effective publication is required, conducted with a 
special knowledge of Australian as well as of Californiau interests. With 



a view to supply this we have lor some time been in communication with 

the leading News Ageuts in 

llwwluht, Melbourne, Sydney, Adelaide, Brisbane, Auckland, Dvnedin, 

Wellington, Lyttleion, liallarat, iSandlntrttt, Geelonff, Va&tlemainc, 

and the Principal Inland Towns, 

and have succeeded in making arrangements so satisfactory that on 

Tuesday next, at noon, we shall publish the first number of our special 

edition for circulation in Australasia, New Zealand and the Islands of the 

Pacific, to go by the steamer which sails on Wednesday. This edition 

will contain the 

Very Latest Market Reports, 

and should therefore be sent by merchants to their correspondents. It 
will be a welcome present to friends at the small cost of 15 centB. As an 
ADVERTISING MEDIUM, it should be availed of by our Merchants, 
Bankers, Hotel Keepers, Railroad Men, Telegraph Companies, Wine Mer- 
chants, Wool-brokers, Agricultural and Mining Machinists and Seeds- 
men, by all of whom there is business to be done in the Colonies. 



H 



FIRST NATIONAL GOLD BANK OF SAN FRANCISCO, CAL. 

Paid up Capital, £1.500.000, tiolrl. Prenidcut, Geo. V ,]liio|ier : Vice- 
President, Samuel Hort :Cashicr, N. K. Masten. Diukc-tous— Geo. F. Hooper, 
Peter Donahue, Charles G. Hooker, M. P. Jones, James Moflitt, James C. Flood, 
Edward Martin, D. Callaghan, Samuel Hort. New York Ahekts— Jay Cooke & Co. 
London Agents— Jay Cooke, McCulloch & Co. Exchange for sale on the principal 
cities of the United States, Great Britain and Ireland. Commercial Credits issued 
available in Europe, China and Japan. This Bank is prepared to transact a general 
hanking business. Deposits in Gold, Silver and Currency received subject to check 
or on special deposit. Collections attended to and prompt returns made at the low- 
eat market rat e of Exchange. May ■!■ 

THE BANK OF CALIFORNIA, SAN FRANCISCO. 

Capital, $5,OOO.Ooo. 1). O. Mills, President; W. C Italstoii, Cashier. 
AGENTS— In New York, Messrs. Lisas & Waller; in Boston, Tbemont Na- 
tional Bank ; in London, Oriental Bank Corporation. Letters of Credit issued, 
available for the purchase of .Merchandise throughout the United Stales, Europe, 
India, China, Japan aud Australia. Exchange for sale on the Atlantic Cities. Draw 
direct on London, Dublin, Paris, St. Petersburg!!, Amsterdam, Hamburg, Bremen. 
Vienna, Leipsic, Sydney, Melbourne, Yokohama, Shanghai, Hongkong, Frankfort- 
on-the-Maln. M arch 28. 

NEW ENGLAND MUTUAL LIFE INSURANCE CO., OF BOSTON. 
an transacted the business of Lite. Insurance fur over a quarter 

__ of a century. Its assets amount to over Nine Million Dollars. The law of 
Massachusetts makes nil its Policies nonforfeitable. It is a Purely Mutual Company, 
dividing every cent of surplus among Policy-holders. This is the Only Company 
en the Pacific Coast governed by the Massachusetts Lapse Law. 

WALLACE EVEKSON, General Agent. 

April 23.] N. E. cor. California and Sansome els., opposite Bank of California. 

FIRE AND MARINE INSURANCE, 

The Fireman** Fund Insurance Company, of San Francisco, Cal- 
ifornia. Organized April 25, 1863. Capital, $500,000, fnllv paid in gold coin. 
Fire, Marine, Harbor and Inland Transit Risks, on terms as favorable as anv other 
reliable first-class company. Greatest amount taken on one risk, $50,000. Portions 
of risks considered too large will he re-insured in responsible companies. Losses 
promptly paid in Uitifcetl SVates gold coin. D. J.Staples, President; G.T.Lawton, 
Vi ce-Pre si dent; Cha rles R. Bond, Secretary. 

NORTHERN ASSURANCE COMPANY, OF LONDON AND ABERDEEN. 

Subscribed Capital. $10,000,000; Ar4-niunlate<l Fin. d, S5.770.000 ; Ait' 
nual Fire Premium, $1,0(5,000. L03HC3 Promptly Paid in U ; S^GoldCoin. 

r Jan. 13.] 

[y The Policies of this Comnanv are notoulv guaranteed by the Capital but by 
She unli mited per son al responsibi lity o? f ully seTen hundred Shareholders. 

FRENCH MUTUAL PROVIDENT SAVINGS AND LOAN SOCIETY. 

Tm-ii(.v-»iflli.S»i!ii-,lMiuial Dividend. — A Diviflend of Sine |ier vent. 
per annum net (ti per cent.) upon the operations of the French Savings and 
loan Society lor the six months ending June ai'tti, 1S72, has, in conformity with the 
report of the Committee of Verification appointed by the members of th'e Society, 
beeu declared by the Board of Administration, at the Semi-Annual Meeting held on 
the 16th instant. This dividend will be payable on and after the 1Mb instant, at the 
office of the Society, ill Bush street. GUST AVE MADE, 

Ju ly 30. D irector of F re nch Savings Bank . 

GERMAN SAVINGS AND LOAN SOCIETY. 

Guarantee Capital, 8200.000 — Oflice 512 California Street, South 
side, between Montgomery and Kearny streets. Oflloe Hours, from a.m. 19 3 
p-m. Extra hour on Saturdays from 7 to 8 pje^Eor receiving of Deposits only. Loana 
made on Real Estate nnd other collateral secua-ities^ at current rates of interest. 
GaOKeE LgiTK, Secretary. [ Jan. 2iM L. GOTTKi. l'rejidcnt. 

SECURITY SAVINGS BANK— GUARANTEE CAPITAL, 5300,000. 

O Ulcers: President, John Parrott; 'Vice-President. Henry S. Bah. 
cock: Secretary, T. F. Bacon; Attorney. Sidney V. Smith. Loans made on 
Ileal Estate and other Approved Securities. Oflice : No. > 0-1 Saneome street (Fried- 
lander's Building), opposite the Bank of California, San. Francisco. Oct. 14. 



619 4 



SAVINGS AND LOAN SOCIETY, 
I Clay street, San Francisco. July »th, 1N72 At a meeting ft f the 

J Board of Directors, held this day, a Dividend of Nine per cent, per annum, 
for the six months ending June atitli. 18.2, way declared on ail deposits, tree of Fed- 
erall ax, and payable on and after MONDAY, July 15th, 3672. 
July 2». CYRUS W. CARMANY,. Cashier. 

DIVIDEND NOTICE. 

The German Savings and Loan Society — The Board of »ii -ectors of 
w-» n t Al.l^# e X?!ffS? eo L 8red J^ e . divW S n ^ for tne 8ix months ending Jnne tOth, 
18.J, at the rate of (9 S-;> per cent; nine and three-fifths per cent, per annum on Term 
Deposits, and (8 percent.) eight percent, per annum on Ordinary Deposits, free of 
federal tax.payablc on andafter Monday, the 15th July. By order 
■W 6 - GEORGE LETTE, Secretary . 

REMOVAL 

The German Saving* ami I*onn Soelely nan re moved its office to No. 
528 California •Urfet. - * j 1ino j 



THE KIMBALL CAR AND CARRIAGE MANUFACTURING COMPANY. 

Clorner Fourth and Bryant street*. San FranclHCO, have on hand 
) of their own manufacture, and consigned to them from the best Eastern 
makers, for sale, vehicles of all kinds, styles and sizes, consisting of Barouches, 
Clarences, Coupes, Hacks, Phaetons, Charabancs, End, side or Wood C Spring.Open 
Buggies, Ton Buggies, Express "Wagons, Delivery Wagons, Vegetable "V\ agone, Car- 
pets, Rugs, whips. Lamps. Kobes, Lap and Horse Blankets. Particular attention 
is called to our celebrated Wood C Spring Buggies, Carriages, CarsypJlP, Bad Rock- 
aways, which are rapidly superceding the old-tashioued makeB and stj'ies, both on 
acco'unt of their remarkable lightness, durability, and the new and highly orna- 
mental style of body mountings. Having but little metal in their construction, ex- 
cepting in the tires/they have only the weight with all the strength, of the toughest 
ash and hickory woods, and run without the usual creak and clatter of iron and steel 
built buggies. The ease with which they carry is unequaled. The company have for 
sale new and second hand stage coaches, stage wagons, farm wagons, headed wag- 
ons, freight wagons, army wagons, ambulances, horse carts, hand carts, and also 
street railroad cars. Having the largest and most complete manufacturing estab- 
lishment of its kind in the United States, with large supplies of the best seasoned 
material on band, we are prepared to build to order on fhort notice, and in all cased 
guarantee the material and workmanship. Parties desiring to purchase are invited 
to call and inspect our stock before buying elsewhere. The Kearny and Fourth street 
cars going south will land visitors at the door of manufactory. Warning is hereby 
given that all infringements upon the patents of this company, viz: for the Wood 
C Spring and the Steel Centered Axle, and the Steel Center Plate, will meet with 
prompt and energetic prosecution to the fullest extent of the law. Nov. 20. 

REMOVAL AND CHANGE OE AGENCY. 

The public are invited totalte notice that the . F.tna Insurance Com- 
pany of Hartford, have removed from the corner of California and Leidesdorfl" 
streets, to the opposite side of California street, No. H Merchants' Exchange Build- 
ing. Also, that they have recently appointed the undersigned their General Agent 
for this Coast. All business of the Company will be attended to at their new loca- 
tion, by the newly appointed General Agent. The old JEtna has cash assets of 
J5;052,8su, and an experience of Fifty Years in the lire insurance business. 

GEO. C. BOAKDMAK, General Agent. 
Wm. Macdoxald, Agent. Noy. _21._ 

DIVIDEND NOTICE. 

San Francisco Savings Ci ion. 5:12 California street, corner Webb.— 
For the half year ending with : Oib June, IS :.', a dividend has been declared at the 
rate of nine and six-tenths (n (3-Itj percent, per annum on Term Deposits, and eight 

(S) per cent, per annum on Ordinary Deposits 1 , free of Federal tax on deposits, pay- 
- J Titer nth July, lS'.a. By order. LOVELL WBITO, 



able on and a) 
JulyO. 



Cashier. 



G 



THE LONDON AND SAN ERANCISCO BANK (Limited). 

ell Drafts on Yokohama. Hongkong, Shanghai and Man ill, at 

1 sight or _on time, In sums tosuit^ _ ^ July 4._ 

MASONIC SAVINGS AND LOAN SANE. 
linraiitced Capital, $130,000, Oflice, So. 6 Pc*t street, Mn sonic 

Temple, San Francisco, California. LEONIDAS E. PBATT^ 



Geo. Hobin'6, Secretary. 



[April lfij 



President. 



411 



FRENCH SAVINGS AND LOAN SOCIETY. 

Bush Htreet. above Kearny. G. ItXahe, Director. I-oniin made 

on real estate and other collateral securities at current rates of interest. 



J. SELIGMAN & CO.. 

Bankers, No. 412 California street.— Fxchange aril Telegraphic 
Transfers for sale, payable In Gold or Currency, in sums to suit, on all principal 
cieies ©4? the United States. Also, Bills oi Exchange on the principal cities of 
Europe. _J Dec. 34. 

D. F. Vebdbnal.J POULTERER & VERDENAL, [T. J. Poci.tereb. 

Stock Brokers, San Francisco Stock and Exchange Board, 323 Cali- 
fornia street. May 11.- 



S 1 



CALVERT'S CARBOLIC SHEEP WASH. 

liver Medal. Paris. 1*67: « old and Silver Medal, Havre, 1S6S; Di 

plome d'Exceilence, Amsterdam, and Diploma dHouiitur, Santiago, Chili. 

EDWAUD JACKSON', Sole Agent for the Pacific Coast, 



June 15. 



+1G Sacramento street. 



EDINBURGH ALE. 
obert Yonncor'st Celebrated Fdinbiirffli Pale Ale. in bulk and 

bottles, es late arrivals. For sale oy AGARD FOT7LKES & CO., 

MaBeh ^0. 413 Front street, S. F. 



R 



CABMEN ISLAND SALT. 
Ton*, to AFi-ive. For Snle in Rimil. bT— 

MnPCh 25. HOLLABAT & BKENHAM, Agents, «3 Front street 



312 



Jas. O. Rotjhthee.] ROTJNTREE AND McMULLIN, [Geo. O. McMubih 



Wholesale Dealers in Groceries and Provisions, No. :fi:t 
Htreet. between Clay and Commercial, San Flanctacm 



t>c[-.;'J 



wj inc. 1^*1.1.1 r i\i\.LV\ji&vj\j dhho iit\ I i J'jIa 



BUSINESS NOTAB1LJA. 



Wi* h IVr * I | I >' ■ ■'•'■' li l!»Ii' i.n 

at the d 






pal Hi I* I UJOOM "l' M: I 

■ 

kind her* 
■ ■ 
iiid ill who go aro n»tonUhc4 
nmsgcmoBt. Between 
niHBv «f iiio udtaooa tt the QtUftraU 



The Sage of Chappaqua H a aocoe-u a* a chopper. Hi* friends represent him 
a» uat><j««l.-rt in lue Hjrue wrth which he chops tree* ou hi- mo<lel farm, and hfn 
«aemtea tn»i* tha*. h- ' u often nj*.nu political ud fell other aae*)- 

lioaathal ODd ii:i»nrc U> htm. While WO BM DOl blind 

t ' L*d uM haifiT, we believe that (f he nhouM happen to In 

traachoa from our gretl ■rttoaal tree, < 

• H-ni (Mini disown trees now ; unii all bocaiiH be nervei his arm with 
Cutter Whisky. 

We don't believe thai bij; i»s» <ory abeut Jouh swallowing Uio whale* qor 
naySaf the tab tonal thai r : ■<■ ir In tho Bowftnapora. The world la 

to lying, and in abound In boon. Thereto more real 

laloraunoa i» the" Bushioe* Notabuia of tho Nttu L*U rlhan in all the editori- 
al* ofthe dallies. This item, which La designed to call attontion to the excellence 
ofQerk up to the sensible reader a vleta of enjoyment ureal it than 

would " editorial notes " In a century. 



Disraeli's popular novels have keen noted for their ireqnont and excellent o>- 
•scrlpliiai-'-of adintrahlv furnfshed apanuients. The draiuutlc critic of the Al(a 
wvn chief ntt.-niion to the lulorumeni of the Btago. Hut neither tho critic ttor old 
IMr.iv htauelf woaUl boeonal to the task of wrfiiaga description that would do 
Jnettce to the nnrtvaled stock of carpole, tapestries, wit Ins, reps, lace curtains, 

Iiarlor furniture, etc., to be found at Messrs. Pinm, Bell & Co.'a establishment on 
'o^l street. 

Thorpe's Hotel and Gardens, San Bmno 1 situated in the midat of a scene oi 
great nnoral bMu1y t and unAot the raunasemeat of one who kaowahowtokeep 
a hotel, an- comlnglnto universal popularity. 9weet-elnglns birds and the perfume 
of flower-? Bake the spot romantic. Tiie hotel is supplied with everything Chat 
adds to the comfort of gaesl & 



The Art Gallery oi 1. W, labor & Co., 19 Btontgomerj street, will well repay a 
vlsii by all who admire the highest ord r iphlc art. Every picture taken 

i^ executed fa a finished way, und no other gallery in the city gives such universal 
satisfaction. Ail varieties of pictures are made, aud each one is a complete like- 
ucss. Sach pictures are invaluable. 

^— At the late Commencement of Yale College the degree of LL. D. was con- 
ferred upon Bishop Kip. This is one of the instances in which the honorary de- 
grees oi colleges are worthily conferred. The Bishop is ft gentleman of fine educa- 
tional training aud high character; aad old Yale honors herself as well as him by 
li'T action. 

To all who desire to find genuine comfort at their boarding-honsc we commend 
he "ltacine House," 1,088 Kearny street. It is conducted so as to please all guests. 
all Us appointments nre excellent, and every want is well supplied. 



FIRE AND MARINE INSURANCE-UNION INS. CO. OF S. F. 

The California I,lo» <!*•— » "l:>>'l...Iii«: in l81»l.-No». Il(i nnfl 418 Cali- 
fornia Street, fash capital, $750,000 in Gold. Assets exceed $1,000,000 Coin. Fair 
Rules! Prompt Settlement of Losses.' I Solii! Security!! Dibectoes— J. Mora Uosfi. 
James Oil*. William K. Barron, J. G. Kittle, Daniel Mayer, M.. J. O'Connor, W. W. 
Montague, aCoses Betier. Adam Grant, N. J. Dnna, Wm. Scholle, diaries Kohler, 
Joseph Seller, W. (.". Balston, I. Lawrence Pool, A. Weill, Joseph Brandenstelu, 
J if nj an: hi Brewster, Jtibes Howes, Milton S. Latham, Nicholas Luninp, John Parrot t 
I.. Suclis, M. T>. Sv.(",tit:i', Morton Cheet>mnn, James Phelan.Gus. Touch ard, yicholas 
i..\rco. \. G. Kltth;, George V. Hickox, George C.Johnson, L. A. Booth, T. E. Lin- 
•deubergcr, L. Cuiiniiit-hant, I'eter Becker, Marvsvillu. 

(JUSTAVE TOUCH AltD, President. 
Cdjiklrs B. Havss\ Secretary. Gao. T. Boken, Surveyor. May 7. 



IMPERIAL FIRE INSURANCE COMPANY OF LONDON. 

E*t»bliMlM>«I in i-ho:i Cnpttal. &M.O4>o,0OO Iaikmcm paid hvrc in cash, 
immediately ou adjustment, in r intuit Slates Gold Coin. 

t'ALIO'EK, BELL & CO., Agents for California, 
Feb 8. No. 430 California street. 



MORRIS SPEYER & CO., 

Iiii|m>i-1ci-a and CommiMMioii Hei*<'liaiifM. I*Io. l.'t Mcrfli. ExeliaiiE*?. 
Hamburg- Bremen Fire Insurance Company. Onirt-,1^ Merchants 1 Exchange. Fol- 
ates iscued against loss or damage by fire on brick and frame buildings, stores and 
dwellings, furniture and merchandise, warehouse aud contents. Premiums as low as 
in any other responsible company. f3f~ All losses paid in TJ. S. Gold Coin. 
Jan 29. MORRIS SPEYER & CO., General Agents. 



F. G. NAGLE, 



Honey'i Briek Building, 

June 15. 



GOOD CABLE SCREW WIRE 
>oof« and Sboes an- nelllng from 9Iaiue to California. 



June 8 



W. W. DODGE & CO., 
Importer* and WuoleMaU* I>valei-M in UroccrleM aud I'roi ImIoiin, 

Corner Front and Clay streets, SAN" FRANCISCO. 
NEWTON BOOTH, | J. T. GLOVER, 

W. W. DODGE, 



Dec. 9-1 



C. T. WHEELER, 

Sacramento. 



San Francisco. 



S. T. SUIT & CO.'S 

CELRBRATED KENTUCKY H IMSliS i:s : 

Congrreas Eonrbon, National Bourbon, 

Capital Bourbon, 1 Breckenridge B. B. B. Rye. 

Nouc. of the above brands are under three years old. Quality Guaranteed. 

KOOTH A- CO., Sacramento, «'. W. Dt»f>OF, A CO.. Kan Francisco. 

Uec. !L] Sole Agents for Pacific Coast. 



F 



THE STATE INVESTMENT AND INSURANCE COMPANY. 
Ire aud TCarine. — No. 40!) California Ntrecl. oj>|>unitc Rank of Cal- 



ifornia. 
PXTmt DONASUE, Ticc-Prewident. 



TYLER CURTIS, Prcsidnul. 



BRITISH AND FOREIGN MARINE INSURANCE CO. OF LIVERPOOL. 

Clapitnl, 95.000.000 — Ageista: llaarour, Guthrie A Co M >'«. :*.•>* Nan. 
/ some street, San Francisco. Nov. IS. 



CALIFORNIA JEWELRY COMPANY, 

Lcviaon Broft.. No. 13 1 Sutter ntreet, San Francii>tco.~Sole Acentfl for 
American Watch Company, National Watch Company, Howard Watch Com- 
Bany.CliarleaE. Jacot Watches, Carter, Howklna & Dodd's Fine Jewelry, Meriden 
rltanniaCo.'s and Rogers Bros. Plated Ware. Importers of Watches, Diamonds, 
Jewelry, Watch Materials and Tools, Optical Goods. Manufacturers of Jewelry. 
Diamond betters and Lapidaries. ____^ March 16. 

C. J. COLLINS, 
atter, Mo. 321 Montgomery ntreet, near California attreet, under I. 

. „ O. O. F. Hall. Masonic, Army and Navy Goods a Specialty. All goods im- 
ported or manufactured by me arc guaranteed to be of the very bcBt quality. Thank- 
ful for the large and iucreapluc patronage bestowed upon me by the public, I hope 
to add to it by the superiority oi uiv work and the rea&onable figures at which every 
article is Bold. JunoiS. 



H 



ROLL OF THE SAN FRANCISCO STOCK AND EXCHANGE BOARD 



E. P. PEOKttAM, . 
OEO. W. SMILEY, 



. . . PrMidtnt. ] B. H. OOIT Caller. 

Vicv.PrvaidMit. H. SCHMJEDELL. . . . Treasurer. 
FRAN1CLIN LAWTON, Socwtarj- 



Barton, W H....Her, Ex. BnJW'g, to. 
Bonynffe, C W**4ttlCootg'yiQp stain. 

Budd, W. C 418CUUbrnJ 

Barling, W 4ts CUUbrata itnat. 

CnhiU E -J06 MontBtwneryalreet. 



Kinsey, A- G tuSfal'.t, upntalra. 

Lissak, A. H «<»(>ii(brn 

LovolaaA, L- F....41H Cal'a.up ntnlrf. 

Martin, M-S 3*1 Montgomery street- 

Marina, E. J. Do 8 «» Cala strooC 



Charlca, H- A ...•KBMonipomcry-.trei-t MoDonald, M. L. . -1W Montgomery at. 

Child, E. F 5U CalMbrnla atrcc*. , McDtmmld.M. J..-I03 Montg'y, npM'ra. 

Courwn, 0. A... 6-WMonigomery utrcet. : McElwain, J IM LoMoadorff BtrecU 

Croeby.F. W.-.a^MoBtRomory Btroot, ; Noble, H H 417 Hayward'e Bulld'g 

Dixon, S SIB Montg'y, up amirs. ; Page, H. C S-'ll Montgomery Btrccts 

Duncan, W. L Hi Montgomery at. ; Peckham, E, P.... 413 California Btrect 

Doana, Coll 101 Laldosdorff rAroet ; Perry, J., Jr ir>l Lcldcsdorfl 1 itnet, 

Everett, A- F- - .W8 Montgomery street. : Parker, W- C 104 I.Iedcsdorfl street 

Eyre, E. E <M Montgomery Btreet Rorke, B- B 4 Duncan's Building. 

Ehrlich, M 412 Montgomery street, j Rogers, R. F. .4GoCal'a st., Room No. 1 

Ford, J. C 4M Montg'y, op stairs. ! R se > L. S 415 Montg'y, upstairs. 



Fitch, J. R 411^ California street, 

Fox, C- W 400 Montgomery street. 

Freeborn, J 429 California street. 

Glover, G. F- M. . .498 California street. 

Hall, E, F-, Jr 410 California streeL 

Herr, J. J 442 Montgomery street. 

Higgins, W. L . . .418 California street, 

Hassey. F- A 40i Montg'y, up et'i-s. 

Poulterer, T. J. . ..893 California street. 

Henriques, David 50G Montgomery. 

Hill, H. L Out of town. 

Ives, G. 1 424 Montgomery street. 

Jones, J- H 434Cal'a8t., upstairs. 

Jones, C. W 418 Montgomery street. 

Eeene, J. R — 40S Montgomery street. 

King, J. L 403 Montg'y, up st'rs. 

Kilgour, L 401 California street. 

Knox, Geo. T 513 California street. 



Schmieden, H 401 California street 

Schmitt, B. L 4S7 California street. 

Seligsberg, Wm 420 Montgomery bU 

Shotwell, J. M 38-1 Montgomery at. 

Smiley, G- W 444 California street, 

Stanford, W. T. . . -310 California street. 
Strother, F- F.. . .510 Montg'y, up st'rs. 

Stoutenborough, C 420 Montg'y st, 

Sherwood, B- F 415 California street. 

TurnbulL, W. . -418 Cal'a st., up stairs. 

Vinzent, C 3.$4 Montgomery street. 

Webster, G. G 304 Montgomery st, 

Williams, H 434 California street 

Wilke, F- H. . . .418 Montgomery street, 

Winans, J- C 413 California street. 

Whitney, A. W. 

Woods, F- H 422 California street, 

Zinns, L. A- . . .- . . .411 California street. 



CALIFORNIA STOCK EXCHANGE BOARD. 

T. J. L. SMILEY, President. I JOS. TILDEN", Caller. 

OHAS. L. WELLER, . . Vice-Prosident. | E. J. BAXDWIN, Treasurer. 

W. W. LAWTON", Secretary. 



Adams on. W. R. H... 408 California st. 

Allen, C. R 100 Liedesdorff street 

Baldridge, M 608 Montgomery st. 

Baldwin, E.J 509 California street. 

Barrell. Sam'1.422 Montgomery street. 

Bourne, J. B 323 California street. 

Broderick, R...6 Merchants' Exchange. 

Or csott, J. F Out of town. 

DeGreayer, S... 513 Montgomery street. 
DeLacey, Chas. . . .430 California street. 

DeLorme, E. W 506 Montgomery st. 

DiftOt, A 422 Montgomery street. 

Duncan, W. T 413 California street. 

DuVal, W. S.411 California st.Room 4. 

Ellis, A.J Pacific Club. 

Fitch, H. S 506 Montgomery street. 

Flagg, H. H. . .415 Montgomery street. 
GUdemeister, J. P. H.113Montg'y Blk. 

Gillis, G. P 400 Montgomery street. 

Gray, J 306 Montgomery street. 

Harvey, C C 418 California street. 

Hawkins, Jas. . .13 Stevenson Building 

Hill, J. Bryant 528 Montgomery St 

Hoare, C. W 403 California street 

Howard, H- C . . 322 Montgomery street. 
Husaey, J. L-. . .305 Montgomery street. 

Hyneman, S 420 Montg'y street. 

Kenney, C. A. 411 California street. 

Kent, R. T 404 Montgomery street. 

Klopenstine, J.. 422 Montgomery street. 

Lacour, L 503 Montgomery street. 

Lawton, W. W At Board Room. 

Lichtenstein, M. B.400 Montgomery st. 
Lincoln, J. ..... 322 Montgomery street. 

Mansfield, M. . .306 Montgomery street. 



Marina, E. J. de S..322 Montg'y Btreet. 
McCarthy, Eugene. 327 Montg'y street 
McCnllough, T. J. - .306 Montg'y street 

McKenty, J 422 Montgomery street 

Middleton, John.. -310 Montg'y street, 

Miller, Wm.H 

Moore, J. M 77 Montgomery Block. 

Moyle, J. W 302 Montgomery street 

Owens, J- H 428 California street 

Patridge, H- C International Hotel. 

Perine, G. M 413 California street. 

Pheby, T. B. . . 446 Montgomery street. 

Roberts. D. S... 

Rogers, Geo. E. 331 Montgomery Btreet. 

Rosenblatt, S 503 California street. 

Rndsdale, M. 418 California street. 

Sanborn, T. C 411 California street 

Schmitt, M- 437 California street. 

Sewall, G, T. .24 Merchants' Exchange. 

Smiley, T. J. L 310 Montgomery st. 

Smith, E- L 302 Montgomery street. 

Smith, W.J 422 Montgomery street 

Snowball, R.Y....411 California street 
Soren, Geo. S...52S Montgomery street. 

Stewart, Geo. W 

Taylor, W. S 420 Montgomery street. 

Thompson, J. M. . .428 California street. 

Tibbey, E. S 503 California street. 

Tilden, J At Board Room. 

Townseud, M. D... Hayward's Building. 

Weller, Chas. L. 521 Jackson street. 

Williams, W. J At Board Room. 

Wolf, F 424 Montgomery street. 

Wright, Wm. H. 420 Montg'y street. 



FOR MAZATLAN, GUAYMAS AND LA PAZ. 

rponcliiitcr :>i r-ti><' St. linens Tor I*;ui!*ciiq-erM Only. — The Steamship 

JL MONTANA, Win. Met zger. Commander, will leave Folsom-dtreet wharf, for the 
nbove ports, on FRIDAY, August 2d, at 10 a.m. No cargo received after 5 o'clock 
p.m., on the ols t July, without clearance from the Mexican Consulate. 
July 31. HOLLADAY&BRENHAM, Agents. 

FOR PORTLAND, OREGON. 
FTIlu'SlenniHliii* ** AJ»x," V. Bollejt, Commander, will leave R*oJsoni> 

X street wharf, for the above port, on SATURDAY. AugustJM^at 10 o'clock a.m. 



II OLLAD A Y_ &BRENHAM, Age n ts . 



T 



GIANT POWDER COMPANY. 
he Glaut Powder Company, Bandmnun, Nielsen A Co., General 

Agents, 210 Front street. Nov. 21. 



E.^. Child.] CHILD & TIBBEY, [E. S. Tibbey. 

Stock Brokers, 503 California atr*.-et, Man Francisco, California. 
March 2. 

JAMAICA RUM, 

In Quarter Ca*k*.— 30 4|r. Casks High Proof— For Male In Bond or 
dntypald.by [Feb. 9.] AGARD, FOULKES & CO., 412 Front street. 



OAKLAND MILITARY ACADEMY. 
Ihe Eisbtli Year wtU commence on Wedneada-* , -?nlT 2S*M>. 3S71. 

. AdtlreEB [July I.] REV. DAVID MoCLURE, Principal. 



J.itJV>. -L, 



OFFICE OF FINANCIAL POSTSCRIPT, 

San J'rrmrincn, IS ~tf.. Ana. 1, 187S. 



OUR DIAMOND MINES. 

In reference to the discovery of diamonds and other precious stones is 
a neighboring Territory, it seems timely to utter a word of caution to 
the public. In the " rushes/' as they are called, which have taken place 
to 'the South African diamond fields, comparatively few men have been 
enriched while hundreds have received furthcir krborand hardships but a 
limited recompense, while still more have failed of any reward whatever. 
By an abstract of a- recent geological rcconnoissance of the Cape Colony 
fields, it will be seen that the " fields " are there confined to less than half 
a dozen knolls of limited area, called "kopjes," Anglicised "k«ppies," 
These knolls have in the aggregate yielded some million dollars' worth of 
diamonds. Nor docs it appear that any one point has proved as rich as 
that reported upon by Mr. Janin. Few and isolated specimens of other 
gems have been found in the South African K kopjes/' while in the 
American discovery, rubies, garnets and sapphires arcabundant. As far 
as these facts go they may encourage the hope that our new discovery 
shall transcend those of Sooth Africa iu value. But it may still prove 
that our gems are 1 confined — or at least that the rich gravel — is confined 
to areas comparatively limited, like the Cape " kopjes." These * l hopples'* 
(if we may adopt a word useful to our purpose) are uot only the property 
of the "San Francisco Mining and Commercial Company," but will bo 
capable of being defended and enjoyed. The mining operations of- the 
company, which consist merely of digging gravel and washing it in the 
old "placer" fashion, can be systematically applied to the "koppie," 
and a pretty thorough extraction of its precious contents effected without 
inordinate expense. But upon this state of facts, there are not sufficient 
grounds for a "rush." It is not improbable that when the direction of the 
new fields shall become known, many of our impetuous and speculative 
population are likely to make what they will call " a break " for the 
mines. But the more calm reflection they be induced to give to the situ- 
ation, and the more real information as to the conditions of diamond 
m-iuing they will be at the pains to acquire, the more apparent wirl it be- 
come how small arc the chances that any single prospector shall 
achieve a " find " adequate to repay the labors which must needs be ui>- 
dergone. A study of the geologic aspect of the question will be useful in 
this connection. The South African "koppics" are knolls of glacial 
drift which, having been protected by a natural cement during the period 
of submersion, resisted denudation, while all the rest of the diamond- 
iferous gravel beds were slowly -washed away and scattered over the bot- 
tom of the ocean. The country is dsscribed as an absolute plain in which 
occur these isolated diamoud-bparing eminences. So we arc told of the 
new American fields, that the country is a " flat," and, with our present 
light, the inference suggests itself naturally that the diamondiferous 
gravel will be found aggregated in certain limited areas, or "koppies," 
just as the rich ore of a metal-bearing vein is aggregated in bodies of 
limited dimension, for which we have borrowed from Mexico the designa- 
tion " bonanza." 



Tire San Francisco and New York Mining and Com- 
mercial Company. 

The Financial rontscri.pt yesterday gave the names of the Trustees of 
the San Francisco and New York Mining and Commercial Company, 
which has been incorporated with a capital stock of $10,000,000, divided 
into 100,000 shares of $100 each, for the purpose of " carrying on the 
business of mining and exploring for gold, silver and other precious min- 
erals and substances of every name and uatifre in any and all of the States 
and Territories of the United States, and to do such commercial business 
connected therewith as the interests of the said Company may require." 
To this Company the rights of the discoverers and claimants undcr 
ITnited States patent, of the new mines of diamonds, rubies and sap- 
phires have been conveyed. We repeat the names of the incorporators : 
Albert Gansl (of B. Davidson & Co., Rothschild's agent), William F. 
Babcock (of Alsop <S: Co.). Milton S. Latham (President of the London 
aud San Francisco Bank), Louis Sloss, Wm. M. Lent, Thos. H. Sclby and 
Maurice Dore, of San Francisco ; and Samuel L. M. Barlow and George B. 
McClcllan, of New York. W. H. L. Barnes, Attorney for the Company. 
Twenty-five thousand shares of the stock, of the par value of ?2,500,000, 
have.it is understood, been sold to leading capitalists at 40, realizing 
$1,000,000 cash for the one-fourth part of the property. It is stated that 
the last remaining parcel of the 25,000 shares, amouutmg to 3,000 
shares, was taken en bloc yesterday afternoon by a foreign banker, the cor- 
respondent of a firm intimately connected with the negotiation of Euro- 
pean national loans. It is surmised that the bauker's subscription was 
made for account of his European principal, as he had previously taken 
an amount of shares, stated at 1,000, for his own account. 



The English "Lloyds." 

A movement is on foot in England (says the New York Financier) to 
compel' the infusion of a few liberal and progressive ideas into the admin- 
istration of th.tt» venerable and fossiliferous atioir known as "Lloyds." 
As is well known, this is an association which controls the business of 
marine insurance in Great Britain, and to a large degree influences that 
branch of underwriting all over the world. It is alleged that. Lloyd's is- 
badly managed both as to underwriting and financial matters ; that its- 
processes of collecting and distributing information-are fogyisn, and that 
there is an. exelnsivcism about its administration whieh is sapping its 
popularity and usefulness. Therefore (the Financier learns) propositions- 
have been made looking to a reform in these respects, whieh, if heeded 
by those in control of Lloyd's, will result in good all around ; but, if the' 
reformers arc not respectfully met, they will probably overthrow the - 
potent, grave, and reverend seignors in due time. 

Railroad Assessment in Sonoma, 
The Board of Equalization of Sonoma County have assessed the North- 
era Pacific Ra-ilroad Company on their property in that county as follows: 
Fifty-six miles of road at §14,000 per mile, £784, 000; roiling stock and 
other property,- real aud personal, §16*3,729; total, ¥940,729. The tax on 
tbia cessment will be something considerable, and the addition to the 
freight tariff within Sonoma County, which will be necessary m order to 
provide the amount of the tax, is hardly likely to be accepted by the pro- 
ducers of that section with equanimity. A tax on transportation is 
peculiarly oppressive because it is directly dedneted from the prices real- 
ized for a limited number of articles of produce, consuming a portion of 
the profits on their production, and consequently diminishing the market 
value of the lands on which they are raised. 

Diamond Mines and the Southern Overland Kailroad* 
If the popular guess shall prove to be anywhere near correct as to the 
location of the new diamond nvines T one efiect of the discovery will bete* 
promote the prompt construction of the Southern Overland Railroad, 
One main element in the financial success of the Central Pacific Railroad 
has been the traffic afforded by the State of Nevada. The dtfvyl&pinenfc 
of the Territory of Arizona will hold out a similar opportunity to secure 
a valuable traffic in that direction, which will contribute to commend the- 
Soutbern Road to the favor of capitalists who are familiar, to their own> 
advantage, with the record of tlie Central. Whatever shall tend, there- 
fore, to hasten the development of Arizona will be welcomed as tending 
cilVctivcly to promote the development of California. 

Wheat in Great Britain, 

London, July 13th.— A well informed and judicious correspondent 
writes : w The weather has been brilliant, and consequently the 
trade for all descriptions of cereal produce has been very slow. 
The. effects of the tine hot summer weather are already beginning: 
to show themselves on the wheat fields, the color of which is somewhere* 
between green and yellow, so that the ripening process has clearly com- 
menced. The harvest, however, will be late, for in the northern counties- 
the plant is not yet in ear. With regard to ttaw yield, there is nothing to- 
justify an alteration iu the statements which have already been made — 
that even fine weather cannot produce an average crop. The winter and: 
spring were too wet to admit of the hardy growth of the plant, while,, 
during the period of blooming, considerable injury was sustained by the 
heavy storms which prevailed. The number of grain-laden ships, east- 
ward of Gibraltar, is only 122, against 290 at this period of last year." 

From the Continent, the accounts received regarding the wheat crop 
are favorable. A satisfactory result is anticipated, both in France and 
Germany, and this circumstance has naturally produced great quietness in.' 
the trade. 

New York, July SJd.— In New York there is now a perfect glut of cur- 
rency, and borrowers on demand loans dictate the r own terms. The 
bauks have been receiving large amounts of currency from interior cities- 
and towns, for which they pay interest. With the low rates on call— 2. 
and 3 per cent. — there is not a corresponding relaxation on time engage- 
ments. It is difficult to negotiate ordinary commercial paper at better- 
than 7 per cent, discount, although really prime names pass at 0. Prime 
bankers' acceptances, running sixty days, are quoted at 5a o percent,, 
but there is very little of this kind of paper iu the market. 

——Articles of incorporation of the Fry Mining Company, to operate 
in the Ely Mining District, Nevada, have been filed ; capital stock, 
$3,000,000; Trustees, J. D. Fry, Coll. Dcane, Robert Sherwood, Seth 
Cook aud Sam. Curtis. Also, the certificate of the Floral Mill and Min- 
ing Company, to operate near Piochc; capital, $100,000; Trustees, Joseph 
Clark, M. G. Gillette, Wm. H. Taylor, John R. Wilson and C. H. Light, 

D. O. Mills & Co.'s Bank at Sacramento kus been changed to D; 

O. Mills & Co.'s Gold Note Bank, established under authority from the 
Government. Edgar Mills is to be the President; Henry Miller, Vice- 
President, and Frank Miller, Cashier. The Directors are: Edgar Mills v 
Henry Miller, Frank Miller, D. O. Mills and W. E. Chamberlain. 



The Beet Sugar Company are having a track laid from their factory 

at Sacramento connected with the Sacramento Valley Ralroad, in order 
to run a train «rf their own for the gathering iu of the beet crop. It is 
stated that about 1,200 acres along the Sacramento Valley Railroad has 
been planted in Sugar beets this season. 

— - Barlet to Perf.— The Hail Columbia and Clara Louise have sailed for 
Iquiqni, and the Aorotite and Dartmouth are now on the berth with like cargoes. 



I 



OP THE s.\N FRANCISCO NEWS LETTER. 



DIAMOND NEWS. 

Diamond Geology—The African " Koppiea.'* 

Bydnej h .) sk. triii.-v, F. G. B., of Her irrcy In 

i Field*, writ! London mwb- 

paper) of tbe neology *'( thm tolerating region, u follows ■. 

'• TofftTo yon u genet*! Idea »>i the eoonirj tir-t, i-. ioanythetiili 
about i ■ Ktub, end overy place where diamonds have been 

Ibond, leTel and unbroken. Bren the very " koppiea " or blllocl 
ih. Vaal rtYoi .!<• bnt constitute the banlu of the stream, Otherwise the 
whole of the free State and Uriqualand, with few exceptional place , le 
wholly dceUtnte of mountains and bills. Along the river then— some- 
formed of lain boulders, and sometimes on '* kop- 
piea,*' composed odTj of small pebbles, bnt more generally on " koppiea* 1 
with a mix In re of both— are the precious stones round.* 1 With regard to 
river diggings, heeayB: "Diamonds are (bund oudlflbrenl "koppiea" 
to (Uflbrent depths, but always commencing from the surface, 'rims, ;it 
rniti, the deepest claim was, ami ta, about twenty feet, and the parties 
working are still finding. At RUpdrUt, Immediately on the opposite 
bank, diamonds ceased to be round alter n deptb of four feet, when the 
gravel i tud then there came a layeror bed ofpotclay, At 

" Cawood*s Hope, from two to three feet was the greatest depth at 
whlefa diamonds were taken out. Bometlmea a " koppie " may be hut a 
i, uot only from the water, but also above iis level. At other 
times it may be from sixty to two bnndred. The high ** koppie 11 may be 
[joining the water itself, or may be several hundred yards removed 
from it. Generally, the dlainantlferous " koppiea " arc many miles apart, 
ami tin.- largest ol them are but a row acres in extent. Again, no dla- 
monds have been found at the water's edge — I mean Bimply picked up on 
the surface. Many of these "koppiea M are soon, very soon, worked out. 
The " koppiea* 1 arc uot actually terraces of river grave), hut. hillocks nt 
various elevations along the river hanks; and, as the gravel appears to be 
unstratiii.il. and the stones indiscriminately mixed and not sorted into 
their respective sites, it Is very probably not a true river gravel, bnta 
" drift " gravel, owing its origin to violent floods and rushes, or perhaps 
oven the transportation by 

It is Interesting to learn that diamonds arc not picked up at the water's 
>lnce this fact if Of universal application, would show that the 
river Is not now cutting through dlamantiferous deposits. 

The subjoined extract is peculiary interesting, since to little is known 
Of the geology of the part in question. "Now for a specimen of a 'dry 
diggings 1 I will describe briefly the one I am working at. There are only 
two as 3 ol : Du Toil's Pan and New Rush, De Beer's, or, as it is other- 
wise known, the 'Colcsberg koppie.' Well, then, the upper surface is 
nothing but red sand; this is of dill'crcnt depths on the 'koppie,' a vera trim; 
two feet, tn some places only about four inches, in some six and even to 
eUxht feet. Having passed the sand, we conic to a white, bard crust: 
liere called ' limestone.' This crust, na I tay, is very hard. It will 
scarcely yield to the sledgehammer. After we have got through about 
four or five feet of this we have a red soil of a sandy nature, mixed with 
small, round, detached pieces of this lime ; among this stutt" we begin to 
iiud; further down it becomes now of a dull greenish tinge, with veins of 
red running at different angles' to diti'crcnt directions. Among this stufl* 
we tiud best. There is, too, lots of this green stufl' interlined with white 
streaks or veins. This ground is very difficult to describe. It consists of 
a greenish sand, mixed up with a lot of very small broken stones. In 
claims where there are most stones, there the diamonds are found in 
greater numbers than where there is a less proportion of the ordinary or 
comiuou stones. This is a faet that is not generally known among diggers. 
Diamonds are found below the water level, both here and at Du Toit's 
Pan. Some claims on the 'koppie' are richer than others. Most of the 
diamonds have been found close to the reef on the east side. 



Life in the Diamond Fields. 

Advices from Cape Town arc to June 4th. From a file of the latest 
papers we glean the following facts illustrative of life in tUe diamond fields: 

"The accounts received from the diamond fields lately show that the 
* tinds ' continue to he quite up to the average; but that the low prices 
at which diamonds are now selling have greatly reduced the profits of the 
diggers." A correspondent observes : " The increase of both the camps 
of New Rush and Du Toit's Fan goes on daily. That the linds have di- 
minished at the former i* indisputable, and this is simply from the daily 
increasing difficulty of getting out the stutt'. The kopje itself is not more 
than half worked out."' On another date the same journal reports : "A 
perfect gem of 300 carats was disinterred at Colcsberg Kopje, the Under, 
a Mr. Lethbridgc, leaves for England at once; other finds of importance 
reported from these diggings are a stone of 72 and one of 45 carats; also 
one of 00 carats at New Hush, all ' oft-colored.' During the past month 
there have been 115,071 diamonds, weighing 27,292 carats, ofl'ered for sale 
by public auction, ol which 10,056, weighing 18,098 carats, were sold." 
ITie Standard and Mail says: 41 An American scientific gold prospector 
and miner has arrived and will at once proceed to the gold fields; a deci- 
sive report on the prospects is therefore likely to be received before long." 
The Diamond News contains the following : "A pure white stone of 14 
carats was found at Colesbcrg Kopje on Monday. On the previous day an 
ott'-colorcd diamond of 74 carats, and another of 36 carats were uncart lied. 
A petition against the Governor's proclamation regulating the purchase 
of diamonds has been forwarded to Cape Town. Numerous clearing-out 
sales are announced." Several accidents had occurred at the diggings — 
some of a fatal character — owing lo the dangerous state of the claims. 
On May 9th the post office at De Beer's New Rush was robbed of a 
very valuable mail bag, containing about K00 letters, and diainouds weigh- 
ing about six pounds. A reward of £100 was ottered by the authorities 
of Dc Beer's, and an additional £100 by the Government, for the discov- 
ery of the thieves. Commenting on this occurrence, the Aiyus says: 
" We are not at all surprised at the intense excitement on the fields over 
the loss of a Cape Town post bag valued at many thousand pounds. The 
hard earnings of many a digger and the produce of many an extensive 
purchase were contained in the stolen bag." The Eastern Province Herald 
remarks : " Cobb ec Co.'s coaches now run with great regularity to the 
diamond fields, leaving Port Elizabeth every fourth day, via Graham's 
Town, Cradoek, Colcsberg, Philippolis and Ja'cobsdal. The fare each way 
is £14." The inland transport mule wagons convey passengers for £9. A 
Cape Town circular on diamonds states that ,l the market continues 
steady with fair demand. White stones continue to improve, and are 
now twenty per cent, above the February values." The Eastern Star re- 
ports that ou the 22d May there was a very large diamond sale at Port 
Elizabeth, 7,847 stones being ofl'ered, of which 6,242 were declared sold. 
A diamond of 22 1-2 carats has been unearthed at Pneil, and another of 
Si2 1-2 carats found on the banks of the Vaal. 



— Oub Makket fob Provisions, Sngar Cured Hams and the like appears to 
be in a healthful condition. Prices of A. 1 Su^ar Cured Hams steadily advancing; 
present rate 16c and some say they will po to 20c before January. 



OUR MINES. 

Napa Quicksilver Mines. 

I '" N >f .Inly 27th, referring to Us local mines, remark* a- 

The namei I cinnabar hi tkiacouotj are ail reported 

to be in promising condition. <>n many of them tbe work baa tone far 
been chleflj confined to prospecting and working such ore si happened t<- 
be met with in order to paj correnl expense*, among Hum- we mention 

the Yullev mine, which ha- yielded thirteen llask> within a month, ami 

the Waabinglon, which, with a tone of five men, baa yielded twenty- 
eight Basks and a net profit of $1,000 within the same period. 

Th«- I'lin-niN, wbirb baa been worked a far more extensive scale than 
the rest, hae 4,000 tons of ore on hand, and ha> Just resumed the work of 
redaction oiler a stoppage ol (bar weeks for the modification and repair 
of it> works, it is now prepared to fnrnlah a large and continuous sup- 
ply of quicksilver. The Oakvillo is also reported in Miccessful operation, 
although we can give no exact figures. The Whitton mine, lately sold 
i.'i Ho,000, is awaiting the erection of reduction works, and bids fair to 
prove an excellent investment. 

Beleher.-. The regular weekly letter of the 27th says : "The incline is 
now down 11*7 hot below the s.Vdfool level, which leaves about 84 feet to 
run before it reaches the 1,100-foot level. The drift running BOUth on the 
1,000-foot level, to connect with the incline, is in a distance of 1K6 feet 
south of the Crown Point line, the (ace showing 1 very fine ore. We are 
not doing anything bdow tbe 1,100-foot level, nor have we been able to 
get our usual quantity of ore hoisted by the Yellow Jacket Company. 

Piorln'.—The dispatch from the Pioclie mine |(.'!lst Inst.) states: 
"Stopped drift to timber. South winze down thirty-seven feet eight 
inches; ore two and one-half feet wide; assay, £182. North winze down 
twenty-two feet; ore two feet wide; assay, ?235." 

Crown Point — The dispatch to the Crown Point states: "Water 
out of the 1-300-foot level. It will take live or six days to clean out the 
winze. South winze looks lirstratc. Full force now on the M.'00-foot 
level." * 

The Diamonds, Rabies and Sapphires now on Deposit 
with the Bank of California 

The first parcel of precious stones obtained from the American Diamond and 
Ruby Mines recently discovered, are now on deposit with the Bank of California. 
The diamonds number about one thon?and ; the rubies and garnets amount to 
abont four pounds weight. There arenlson number of large sapphires. Most of 
the one thousand diamonds obtained by Mr. Janin are small, wcighingabout a carat. 
The largest is eight carats ; one obtained before Mr. Janin visited the place weighs 
one hundred carats, but is black and of little value relatively. There are 100 carats 
in an avordupois oance, so that a diamond weighing a carat is a Bmall affair, but yet 
if clear and well-shaped it may be worth from $15 to $50. The value of the larger 
gems is greater relatively than that of the smaller ones, going up to more than $2,000 
per carat in some caBes. Some of tbe sapphires are as large as pigeon eggs. 

San Francisco Transfer Co. 

In the Stock Reports to-day will be noted the first sales of the shares in the S. F. 
Transfer Company. This Company has the exel nsive privilege of checking and 
delivering all baggage to and from the Central Pacific Railroad, the California Pa- 
cific, the Southern Pacific, and on all the boats of the old Steam Navigation Com- 
pany. It owns the building in which are its offices, No. 6 New Montgomery street T 
opposite the Grand Ilotcl, and employs twenty-five men and sixteen teams. Its 
present earnings are stated to be something over $100 a day, and increasing. In 
addition to its baggage bnsiness, the S. F. Transfer Company has the contracts for 
delivering tbe U. S. Mails from the Post Office to and from all the trains and steam- 
boats that connect with this city. It also does a freighting business. Some Trans- 
fer Companies in Eastern cities are suid to have become wealthy, and to have di- 
vided very large sums in dividends. Sales of the stock to-day were made at $50. 
There are two thousand shares of capital. It is stated that out of its present earn- 
ings a dividend at the rate of one per cent, a month can be paid. With increasing 
business, this rate may be increased. 

San Francisco, July 30th.— James Hartley & Co., in their Wool Cir- 
cular, write as follows : ll There is yet in store here about 3,000,000 lbs, 
mostly defective Wools. The few free Wools now on the market are held 
at 37 l-2c choice, 33 a 35e average condition, 30e short staple; slightly 
burry, 25 a 30c, according to condition ; burry, 25c ; heavy and hurry, 20c- 
The clip will be fully equal in weight to the Spring clip of 1871. The 
Fall clip will commence to be sheared early next month and will be com- 
ing into market in the latter part of the month. There will he considerable 
Lambs' Wool and as the feed has been good, it is expected to be of good 
length and condition. The opening prices are likely to be, Northern, 18 
a L'Oc, Southern, 12 a 15c. Oregon Wools arc coming forward freely. 
Some are in excellent condition. The owners prefer shipping to offering 
them on this market.'] 

Some of the Paris journals lately announced that the firm of 
Rothschilds lately received thirty-one waggons of gold by railway from 
Germany. Those consignments, the Constitutfonel announces, arise From 
the reimbursement of the different war loans, rendered possible by the 
tirst distribution of the French indemnity, and falling due for the most 
part ou July 1st. The Rothschilds of Frankfort and their branches are 
charged with the task of paying oft'the titles. 

HOME MUTUAL INSURANCE COMPANY OF CALIFORNIA. 

No. 133 California St.. Merchants F.xcfanu=c liuiNIinir. Fireand Ma- 
rine Insurance tompanv. Capital, *"i50,CI0. Officers:— John H.Redington, 
President; George H. Howard, Vice-President; diaries It. Story, Secretary; N. B. 
Eddy, Marine Seeretarv. H.H. BIGELOW, General Manager. Directors.— Snn 
Franrisco— Gc.o.H. Howard. F. 1). Alh'-rlon, H. F. Teschcninchcr, A. B.Grogan John 
H.Iledington, A. AV. Bowman, C. S. Hobbs, B. M. Hartshornc, D. Conrad, .Win. H. 
I Moor, Geo. S. Johnson, H.N. Tilden, W M. Greenwood, S. L. Jones. Geo. b. Mann, 
Cyrus Wilson, W. H. Foster, Jr.. Jos. Galloway, W. T. Garratt, C. yyaterhouae, A. 
P.Uotaling. Oregon Branch— F. Waterman, B. Goldsmith, L. i . Groyer, D. Ma- 
Cleay. C. H. Lewisi Uoyd Brooke, J. A. Crawford, I>. M. French, J. Lowenhcrg, 
Hamilton I'-ovd, Manager, W. L. Ladd, Treasurer. Marysvillc— D. E. KDlght Sari 
Diego— A. II." Wilcox. Sacramento Branch— Charles Crocker, A. Kedington, Mark 
Hopkins. Jas. Carolmi, J. F. Houghton, D. W. Earl, Isaac Lolimnn, Jnlliis Vl etzlnr, 
Julius Wetzlar. Manager, I. Lohman, Secretary. Stockton Branch -H.H. Hewlett, 
Geo. S.Evans. J. D.IVu-rs. N.M.Orr, W. F. McKee. A. W . Simpson, A. T. Hudton, 
H M. Fanning. H. H. Hewlett, Manager, N. M. Orr, Secretary. San Jose Branch— 1. 
Ellard Beans, Josiah Kelden, A. Pflsfcr, J. S. Carter, Jackson Lewis, N. Hayes >.oan 
Palmer B. D. Murphy. J. J. Dennv, Manager, A. E. Moody, Secretary. Grass Valley 
—William Watt, Robert Watt. Nevada— T. W.Sigonrney. Feb.l. _. 

D. CALLAGHAN, 

Mannfaclnrer of B>oiti»nll>*s Yemt B»ovt<lej-s. <-re»ni Tartar, Sotla 
and Salwratus, l'H Front street, San Francisco. California. 
Aprils. D.CALLAGHAI , Proprietor. 



THE DAILY FINANCIAL POSTSCRIPT Aug. 1. 



m 



paoti© mm 



Commencing Monday, April 29, 1872, and until Further Notice, Trains 

and Boats will leave San Francisco 

n nn A, M. Overland Express Train for Sacramento, Harysville, Red Bluft', Colfax, Reno, Ogden and Omaha. 

Q flA P. M. San Jose Passenger Train, stopping at all Way Stations. 

A Afl -P- ^" "Passenger Train for Stockton, Merced and Sacramento. 

n nftP. M. Overland Emigrant Train. Through Freight and Accommodation. 

w QA A. M. Steamer New World (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

A (\(\ P- "■ *Sacramento Steamer (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

(inn P, M. *Steamer Antelope (from Broadway Wharf), connecting at Donahue with Trains of S. F. and N. P. R. R 

8f\f\ A. M. Excursion Boat (Sundays only), from Broadway Wharf, connecting with Special Train of S. F. and N. P. 
• UU Railroad for Cloverdale and intermediate points, returning to San Francisco by 7.00 P. M. 

Oakland Branch-Leave San Francisco 7:00, 8:10, 9:20, 10:10, 11:20 A. M., 12:10, 1:50, 3:00, 4:00, 5:15, 6:30, 8:15, 
9:20 and *11:30 P. M. (9:20, 11:20, and 3:00 to Oakland only.) Leave Brooklyn *5:30, 6:40, 
7:50, 9:00 and 11:00 A. M., 1:30, 2:40, 4:55, 6:10, 7:55 and 10:10 P. M. Leave Oakland *5:40, 6:50 
8:00, 9:10, 10:00 and 11.10 A. M., 12:00, 1:40, 2:50, 3:50, 5:05, 6:20, 8:05 and 10:20 P. M. 

Alameda Branch.~Leave San Francisco 7:20, 9:00, 11:15 a. m., 1:30, 4:00, 5:30 and 7:00 p. m. (7.20, 11.15 and 5.30 
to Fruit Vale only. Leave Hayward's *3.45, 7.00 and 10.45 a. m., and 3.30 p. m. Leave Fruit 
Vale *4.40, 7.35, 9.00 and 11.20 a. m., and 1.30, 4'05 and 5.30 p. m. 'Except Sundays. 

A. N. TOWNE, General Superintendent. 
T. H. GOODMAN, General Passenger and Ticket Agent. 

PACIFIC MAIL STEAMSHIP COMPANY. 

♦. » ■♦ 

Clian^e of 0eIieauieM-^OF Japan &iM iMua, 

Regular Mail Steamer leaves Wharf, corner of First and Brannan streets, on the first of every month, punctually at 
noon, for YOKOHAMA and HONGKONG, connecting at Yokahama with the Company's Branch Line for SHANG- 
HAI, via Hioga and Nagasaki. When the Bailing date falls on Sunday the steamer will sail the preceding Saturday. 

From May to October, inclusive, an Extra Steamer will be dispatched on the 16th of every month. 

* August 1st, Steamer 

ASfEERIOA, Ca.pt, Doane. 

August 16th, Steamer COLORADO, Capt. Warsaw. 



FOR IVETW YORK, via J^kJV^M.4.. 

INCEEASED SERVICE. 

Leave punctually at 12 o'clock noon on the 3d, 13th and 23d of each month for Panama, and connecting, via 
Panama Railroad, with one of the Company's splendid steamers from Aspinwall for New York- Beginning August 13th 
all steamers touch at San Pedro and San Diego. 

August 3d, Steamer ARXZORFA, Captain Farnsworth. 

CALLING AT ACAPULCO. 

Until further notice steamer of the 13th will connect for Central American Poi'ts, viz: Champerico, San Jose de 
Guatemala, Acajutla, La Libertad, La Union and Punta Arenas. Steamers of the 13th and 23d will call at Mazatlan 
and Manzanillo, and all steamers at Acapulco. 

Through tickets sold to and from Liverpool, Queenstown, Southampton, Bremen, Brest, Havre, Hamburg, Stettin, 
Copenhagen and Norway. Apply at the Pacific Mail Steamship Company's office, at Wharf, cor. First and Brannan sUs. 

ELDKIDGE «& I35WIIV, Agents. 



An;. I. 



OF THE SAN FRANCISCO NEWS LETTER. 




CONNER LAKE, AND TUNNELS 7 AND 8, 

2 15 iniica frjm San F aacisco -Alt. 5,939"feet 



SNOW COVERING. 

2«> milca Irum Suit rrauciacfl— Altitude 5,85J fret. 




TRUCKEETilVER. 

'»7fi miles from Snn FrnnciHco-Altitndo 5,100 Test. 



HYDRAULIC MINING, Gold Run. 

■202 miles from Sou Francisco. 



THE DAILY FINANCIAL POSTSCRIPT. Aug. 1. 



THE BANK OF CALIFORNIA. 

S.A.3V FRABTCISCO. 



Capital, - - m ^ « - ^>5, 000,000 

D. 0. MILLS, President. I W, C. RALSTON, Cashier. 

-A-QEiNTTS: 

In New York, Messrs. Lees and Waller; in Boston, Tremont 

National Bank; in London, Oriental Bank Corporation. 

%g~ The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
of the Pacific Coast 

li®it©M ®f Credit Iiiiti 



Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan and Australia. 

Exchange ffcr Sale on all the Atlantic Cities, 

DRAW DIRECT OJS 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frank for t-on-the-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AISXD SAN FRANCISCO BANK 

T.TTWl I ■!■*.■■ ». 

With which has been consolidated the business of 

PARROTT <fc OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 



Oa/pital, - - 85,000,000. Reseirvre 3F*-u.xxc3., S800,000 



Of which $3,000,000 is fully paid up as present Capital, and will he increased as the growth of the business requires. 

SSAJS FRANCISCO OFFICE, 433 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Kodcwald, Esq., Chairman; H. L. Bischofl'sheim, Esq. (Messrs. Bischott'sheim & Goldschmidt) ; J. F. F.lemmich, Esq. (Messrs. F. Huth 

&Co.); E. H. Green, Esq. (Messrs. Russell and Sturgis, of Manila); Julius Mav, Esq. (of San Francisco), Frankfort-on-thc-Main j 

J. S. Morgan, Esq. (Messrs. J. S. Morgan & Co.) ; Baron H. de Stern (Messrs. Stern Brothers) ; Rudolph 

Sulzbach, Esq. (Messrs. Sulzbaeh Brothers), Frankl'ort-on-the-Maiu. 

Manager in London : R. D. PEEBLES, Esq. 

Beetetonr, - I&SISi® I, ftl-SBSlflS. 




esidlest £a Saa fcaseisooc MILTON So LJLTllJL 



Assistant Manager (San Francisco), CAM1XO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, - - - - . - - - .... ALFRED BANNISTER. 



The Bunk is prepared to transact al! kinds of General Banking and Exchange Business, in London and San Francisco, and between said Cities and all parts of the 
world. The San Francisco Otllcei s authorized to draw Bills of Exchange or issue Letters of Credit upon either of the nnder-naiued Founders and Proprietors of the 
Bank, or (at the option of the buyer) upon the following Houses, with whom the Bank has established credits, viz : LONDON— The London Joint Stock Bank, No. 5 
Princess Street ; Messrs. Bischoffsheim, Goldschmidt & Co.; Messrs. Fruhltnir & Goschen ; Messrs. Frederick Huth & Co.; Messrs. J. S. Morgan & Co. (successors to 
Messrs. George Prahody & Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Drexel, Morgan ■& Co., 53 Exchange Place. BOSTON— Third National Bank. 
PHILADELPHIA— Messrs. Drexel & Co. PARIS— Drexel & Co.; Bischoffsheim. Goldschmidt & Co.; Messrs. A. J. Stern & Co. FRANKFORT-ON-TUE-MAIN-Mr. 
Gebruder Sulzbach ; A. J. Stern & Co. GERMANY— Bank of Saxe Meiningen. AMSTERDAM— Bunuue de Credit and Depot des Pays Bas. ANTWERP— Nottebohn 
Brothers ; F. R. Bischoffsheim. HAMBURG— John Berenben* Gossler & Co. BERLIN— Deutsche Bank Acticn Gesellschaft GENOA— Dapples & Co. NAPLES 
and FLORENCE— Anglo-Ita'iaii Bank. VALPARAISO and LIMA— Fred. Huth, Gruning & Co. MANILA— Russell & Sturgis. CHINA and JAPAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Australia; Bank of New South Wales. IRELAND— Provincial Bank of Ireland, 
and all its branches, viz: Dublin, Cork, Limerick, Clonmel, Londonderry, Sligo, Wexford, Belfast, Waterford, Gal way, Armagh, Athlone.Coleraiue. Kilkenny, Ballina, 
Tralee, Youghal. Enniskillen. Monaghan, Ban bridge, Ballvmena, Parsonstown, Cavan, Omagh, Dnngannon. Baudon, Eunis, Ballyshannon, Strabane, Dun^'arvan, Mal- 
low, Cootehill, Kilrueh, Skibbereen, Enaischorthv, Fermoy, Newry, Droghcda, Ncnagh, Templemore, Carrick-on-Suir, Carrick-on-Shannon, Cloghcen, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID, TO SELLING CALIFORNIA SECURITIES IN EUROPE. 

Collections, Purchases of Real Estate and Mining Shares, and Investments of all kinds in California. 

MILTON" S. LATHAM, President. 

If ©BSH WA,eE WEW gRJsBTBFO lCTATIOy ®#® 

BEN. HOLLADAYTPresident, 

Bam PsamcCseoe 

WM. NOEEIS, Yice-Presiaent, San Prancisco; EOLLADAT & BEENHAM, General Agents, San Francisco. 
Dispatch Steamers to the iollo-v^ingj places. 

Wmthmm Hftttfes 

Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

Santa Cruz, Monterey, San Simeon, San Luis Obispo, Santa Barbara, Los Angeles, Anaheim, San Diego, Etc. 

SEexIcam a&ute, gfieaases evesj Pesfty Bays s 

Cape St. Lucas, AXazatlan, San Ul:is, Gnaymas, and La Paz. 

OFFICE i 21 7 Sansome Street, San Francisco. 

The Premium Shirt Maker, Mrs, EVELINE MORRIS, 526 Kearny Street 



Subscribes in Advance to Financial Postscript can have their Copies Mailed Free from the Office 



Price, tingle copy, 5 ornl» ; per Weak, 
23 arms ; per Annum, including Postac* 
to anr part of the world, Twlw Dol- 
lar*. Printed and Published br Frederick 
Marriott, No, «B3 Montgomery Street, 
San Francisco, California. 



THt 





Delivered immediately on the arrival of 
Uw mails in New Tork, Liverpool, London, 
Paris, Hamburg, Frankfort, Berlin, Suez, 
Ak'Handna, Yokohama, Shanghai, Hong- 
kong, Melbourne, Auckland, Syinoy and 
Islands of the Pacific Ocean. 




[Established July 20, 1856.1 

atest §taM fvaut (Dut gtamond fUmcs in pew HJmw mH %i\%tm. 



Diapatehod Daily by 


the 


Mail* to 


cirri/ Monetary and 


Commercial 


Center 


thr 


onghout 


the 


World. 


Vol. 1. 




SAW 


FEAHOISCO, 


FKIDAY, 


AUG, 


2, 1872. 










No. 11. 



OFFICE OF FINANCIAL POSTSCRIPT, 

San Francisco, 12 M., Aug. 2, 1872. 



BULLIO N, MONEY AND EXC HANCE. 

r\ OLD BARS, 860 to 70. Silver Bars. 1 1-4 Discount. Treasury Notes 
\j are soiling at 87 to 87 1-2. Mexican Dollars, from 8 to 8 1-2 pre- 
mium. 

EXCHANGE N N YuBK, 1-4 to 1-2 per cent. prem. for Gold; Currency, 
14 per cent On London : Bankers, 49; Commercial, 49 1-2 ; Paris: 
5f. per dollar. Telegrams, 1-2 to 3-4. 

PRICE OF MONEY HEBE, 1 to 1 1-4 per cent per month— Bank rate. 
In the open market, 1 to 1 1-2 per cent per month. The demand is 
active. 



SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



Ophli 1-10 

Do <0 030 

Do 20 . 

Gould & Curry.... 25 

Do 5 

Savage 60 

Do SO b30 

Chollar 400 

Do 205030 

Do 10 . 

Hale feNorcross... 70 
Yellow Jacket...- 45 

Do ....220 bSO 
Do .... 10 

Crown Point 20 

Imperial 664 

Empire 1675 

Alpha 155 

Best and Belcher ...400 

Do 200 03) 

Cons. G.H. Quartz. 250 

Seg, Belcher 115 

Do 30 bSO 



shakes, low. men. 

48 44 

44% 45 
... D5 48% 
190 191 
... 1)30 195 
175 178 
ISO 182% 

97 101 
100 101 
... blO 99 

&» 88 

130 133 
132% 138 
... blO 13G 
143 144 



12% 


123f 


185£ 


15 


56 


59% 




7 


7 


Ik 




6% 


110 


115 


113 


115 



SHARE 

Overman 80 

Justice 20 

Caledonia 135 

Knickerbocker — 345 
Arizona and Utah. .160 

Baltimore 220 

Belcher SS5 

Do 50 

Do 20 

Confidence 210 

Cons. Virginia 100 

Sierra Nevada 185 

Do .... 35 

Daney 305 

Exchequer 35 

Silver Hill 100 

Bait. American — 100 

Eclipse 535 

Trench 105 

New York 170 

Phil Sheridan 100 

Union Con 70 



62 



2% 



LOW. HIGn. 

88 87 

13S4* 
63% 
8% 
2%' 
3% 
112 112% 
.... b30 115 
blO 113% lit 
11% 12 
35 37 

16% 16 
... b30 16 
2 2% 



19 



14 

15% 



2% 



7 
2* 

14% 

16 
1% 
75c 
2% 



At the California Stock Exchange Board. 



SHARES. LOW. 



Arizona & Utah — 85 

Belcher 10 

Adam's Hill 200 

Crown Point 10 

Hale&Norcross... 10 
Do ... 10 

Imperial 20 

Julia 20 

Meadow Valley. ... 10 

Newark 100 

Ophir 60 

Do 10 



... b3 119 

8% 
... b3 148 
... s30 89 
91 
13 
6% 
16% 
2# 
41% 42 
... slO 41% 



Pea Vine 700 

Page & Panaca — 250 

Pioche 45 

Pimmix 150 

Do 4J0 

Raymond & Ely... 20 

Do 20 

Revenue Cons 100 

Savage 10 

Union Cons 100 

Yellow Jacket 5 



SHARES. LOW. 

95c 
2% 
29% 



2% 



4% 

Bill) 4% 

1E4 
S3 152% 
7c 
172 

2% 
141 



REAL, ESTATE TRANSACTIONS. 



Wednesday, July 31st. 



GRANTOR TO GRANTEE. 



DESCRIPTION. 



Cbas Hnber to Fred'k Huber 

Calvin W Davis to Mary Brown . . . 
R P Brennan to Jos S Alemany . . . 
City and County S F to A C Keyt . 

J J Wentworth to Hosa Poggi 

John D Wanz to Eliza Monahan . . 
Michael Heverin to W YP Ripley. 

A N Harned to John Brackner 

Henry Kraft to B S Brooks 

L L Tread well to J W Brumagim . 



IKate w Fillmore, 25x120 $1,000 

Howard s 22d, 45x122:6 5,500 

Broadway and Van Ness av, 123x137:6 . . 5 

Bryant 8 22d, 52x100 prem 

Vallejo e Kearny, 27:6x68:9 1,400 

Ritch se Folsom, 25x75 2,700 

Octavia and Sacramento, 1.37:6x137:6; 

also, Stockton s Lombard, 21x87:6 4,000 

Lots 2 and 3 blk 57, City Land Ass'n 100 

Und X com ne cor sec 14, T 2 s R 6 w etc 500 
S % blks 369 396 405 and 132 | 1,000 



PRICE 



LATE ST TE L EGRAPHIC N EWS. 

JsOXDOX, AUG. 2, 
United States 5-20 Bonds, 91%. I Liverpool WheatMarket,lls.8d. 

Console 32%. 

NEW TOJtK, AUG. 2. 



Gold opened at 115?* ; 11 a. h. at 115%. 
Sterling Exchange, 109%©110%. 
Flour, — . 

Pacific Mail, 75%. 

Wells, Fargo & Co.. 89%. 

Oil, Sperm, quiet, J1.3s'51 Jl-W ; Win- 
ter Bleached, $l.G0a$1.68 ; Whale, 
firm, 70®160c. ; Winter Bleached, 
76@75. 

Hides, dT.v, 98%@3*%c; salted.l2©ts%. 



United States Bonds — Five-twenties of 

1802,110 1.4; 1867,116. 
Wheat, — 
Barley, — 

Quicksilver Mining Company, 42%. 
Cotton, quiet, 21%c. 
Wool, Sprin?, fine, SS@45c; Burry, 30® 

35c; Pulled, 50@G0c.; Fall Clips, 32® 

37c. Burry, 20@25c 



YESTERDAY AFTERNOON SALES 

At the San Francisco Stock and Exchange Board. 



SHARES, 

American Flag — 210 

Adam's Hill 150 

Do 200 

Bowery 150 

Belmont 150 

Do 50 

Belcher KO 

Do 40 

Chapman 100 

Condor 325 

Do 26 

Chief of the Hill.. 250 

Crown Point 120 

Chollar 115 

Do 20 

Confidence 125 

Cons, Virginia 50 

Caledonia- 100 

Eureka Cons 305 

Do 100 

Empire 350 

Golden Chariot — 45 

Hermes 300 

Huhnoi Hunt.... 1100 

Ingomar 60 

Independent 60 



LOW. HIGH. 

21 H 21% 

3 

b30 3}i 3% 

2% 2% 

.... 030 8% 

8 
118 119 
.... 1)30 122 
1% 
4 
.... b30 4% 
5 5% 

145 146 

102 105 

.... b30 105 
112C 
37% 
64 65 

23& 24 
.... b30 24% 
13% 
10 
S 
4 

1% 
1% 



Imperial 

Louise 300 

Do 100 

Meadow Valley.... 425 

Minnesota 100 

Mahogany 300 

Do 340 

Do 200 

Mammoth BO 

Mocking Bird 600 

Ophir 180 

0, Quicksilver 10 

O.H.Treasure 50 

Pioche 325 

Do 150 

Phmnix 865 

Do 200 

Pea Vine COO 

Page & Panaca GO 

Raymond & Ely. • . 35 

Bevenue 300 

Savage 45 

Do 10 

■Wash'ufe Creole.. 150 
Yellow Jacket 26 



1% 



SHARES. LOW. HIGH. 

....235 .... 13% 

....300 2% 2% 

.... bSO 2% 
16% 16% 
2 
18 
b30 18% 19 
.... S90 18 
70c 



42% 44 

2% 

7% 7% 

30 30% 

.... b5 30% 

4% iii 

b30 4% *H 

1 

2jf 

155 167 

172% 173 
.... bS0 175 

4X 
140 141 



At the California Stock Exchange Board. 



SHARES. 

Adams Hill 200 

Best and Belcher... 50 
Do ... 50 

Belcher WO 

Buckeye. 770 

Bait, American... 300 

Eureka Cons 25 

Imperial 20 

Ingomar 100 

Knickerbocker 50 

Louise 250 

Meadow Valley... -100 

Ophir 30 

Do 25 

Do I" 



LOW. HIGH. 
3% 

7% 

.... b30 7& 

121% 

4 4% 

2% 

24 24% 

13% 

1% 

B'A 

2% 

.... b3 16% 

4 % 46 
..... c 44% 
.... 830 44 



SHARES. LOW. HIGH. 



Newark 600 

Overman 10 

Pea Vine 200 

Pioche HO 

Phmnix 40 

Do 100 

Jackson 45 

Do 50 

Revenue Con 400 

S, F, Transfer Co.. 5 

South Chariot 100 

Yale Gravel 50 

Legal Tenders..$10,C0O 
Do 



5,000 



2% 

... 610 90 
1 
30% 31 
4& 

... c i% 
90c 

... b5 1 
6% 
50 
3% 
2 
87C 

.... s30 87%c 



Notice to Our Subscribers and Correspondents. 

George Johns, for several months past engaged as a traveling agent in town and 
country, has from this date no further business relations and is in no way directly 
or indirectly connected with the San Francisco News Letter, Financial Post- 
script, or other publications issued at 623 Montgomery street. He has no authority 
to receive subscriptions. 



THE DAILY FINANCIAL PcfeTSCRIPT 



Aug. 2. 



FIRST NATIONAL GOLD BANK OF SAN FEANCISCO, CAL. 

Pnid up Caiiilnl, $1,500,000. «;«l«l. Prewdei.t. <ieo. F .livelier: Viee. 
Preeluent, Stimuel Hort: Cashier, N-K.MastrjD. Dikkctoks— Geo. F. Hooper, 
Peter Donahue, Charles G- Hooker. M. P. Jones, James Moftitt, James C. Flood, 
Edward Martin, D. Callaghau, bamuel Hort. Ksiv York Agents— Jay Cooke & Co. 
London Agente— Jay CooKe, MeCnlloch & Co. Exchange for sale on the principal 
cities of the United States, Great Britain and Ireland. Commercial Credits issued 
available in Europe, China and Japan. This Bank is prepared to transact a general 
hanking buBlness. Deposits in Gold, Silver and Currency received subject to check 
or on special deposit. Collections attended to and prompt returns made at the low- 
est market rate of Exchange. May 4. 

THE BANK OF CALIFORNIA, SAN FRANCISCO. 

Capital, 85.000.0oo. I>. O. Mill*. l*i-CNidci>< ; W.C. KailRtoii, Cashier. 
AGENTS— In New York, Messrs. Lkes & "Waller; In Boston, Tkemont Na- 
tional Bank ; iu London, Oriental Bank Corporation. Letters of Credit issued, 
available for the purchase of Merchandise throughout the United States, Europe, 
India, China, Japan and Australia. Exchange for sale on the Atlantic Cities. Draw 
direct on London, Dublin, Paris, St. Peiersburgh, Amsterdam, Hamburg, Bremen. 
Vienna, Lelps-lc, Sydney, Melbourne, Yokohama, Shanghai, Hongkong, FranUfort- 
on-the-Main. March IB. 



FRENCH MUTUAL PROVIDENT SAVINGS AND LOAN SOCIETY. 

Twenty -lif ill S*. ini- An u unl Dividend.-. A Dividend or A'iiie per cent. 
per annum net (it per cent.) upon the operations of the French Savings and 
Loan Society lor the six months ending June SSUth.lSTS, has, in conformity with the 
report of the Committee of Verlflcation appointed by the members of the Society, 
been declared by the Board of Administration, at the Semi-Annual Meeting held on 
the Kith Instant. This dividend will be payable on and after the mh instant, at the 
oulce of the Society, 411 Bush street. GUSTAVE MAliE, 

July 2Q. Dire ctor of Fr en ch Savings B ank. 

GERMAN SAVINGS AND LOAN SOCIETY. 

Guarantee Capital, 8200.000 Office 512 California Street, Soufli 
side, between Montgomery and Kearny streets. Office Hoars, from 9 a.m. to 3 
p.m. Extra hour on Saturdays trom 7 to 8 p.m., for receiving oi Deposits only. Loans 
made on Real Estate and other collateral securities, at current rates ofinterest. 
Gkqege Lette, Secretary. [Jan. 29.] L. OOTTIG, President. 



DIVIDEND NOTICE. 

Tbe (tcrniun Saving* an«l l.oim Society The Board of Directors of 
the Society have declared the dividend for tbe six months ending June SOtn, 
187.J, at the rate of (9 3-5 per cent) nine and three-fifths per cent, per annum on Term 
Deposits, and (8 per cent.) eight per cent, per annum on Ordinary Deposits, free of 
Federal tax, payable on and alter Monday, the I Mi July. By order. 
July 6. GEORGE LETTE, Secretary. 



mi 



REMOVAL. 



SECURITY SAVINGS BANK— GUARANTEE CAPITAL, $300,000, 

O ulcers: President, John Pnrrott: Vice-President, Ifinrj s. Bab- 
cock: Secretary, T. F. Bacon; Attorney, Sidney V. Smith. Loans made on 
Real Estate and other Approved Securities. Office : No. :*1 Sansome street (Fried- 
lander's Bnlldtng), opposite the Bank of California. San Francisc o. Oct. 14. 



SAVINGS AND LOAN SOCIETY, 
Ijl (i Clay Htreet, San Franciweo, Jfnl.v tUli. 1S72-— At n meeting ciftl:e 

Ult/ Board of Directors, held this day, a Dividend of Nine per cent, per annnm, 
for the six months ending Jnne SOth, 19.2, was declared on all deposits, tree of Fed- 
eral Tax, and payable on and after MONDAY, July 15th, 1872. 
July 20. CYRUS W. CARMAN Y, Cashier. 

DIVIDEND NOTICE. 

San Franeuteo Savings Cnion.532 California street, corr er Webb — 
For the half year ending with SOtli June, lS;2, a dividend has been declared at the 
rate of nine and six-tenths (y 6-lU) percent, per annum on Term Deposits, and eight 



ableon and after lUtli July, 1812. By order. 
July 6. 



Cashier. 



MASONIC SAVINGS AND LOAN BANK. 

Guaranteed Capital, 8150,000, Office, Ko. 6 Pn*f Ktreet, ainBOUie 
Temple, San Francisco, California. LEONIDAS E. PRATT, 
Geo. RoBiJfs, Secretary. [April ir,.] President. 

THE LONDON AND SAN FRANCISCO BANK (Limited). 

Sell Draft* on Yokohama, Hongkong, Shanghai and Maitfll, nt 
sight or on time, in sums to Bait. | July 4. 



411 



FEENCH SAVINGS AND LOAN SOCIETY. 

Bush street, above Kearny. <;. ZUahe, Director. Lonnx made 

on real estate and other collateral securities at current rates of intereet. 



C 



J. SELIGMAN & CO.. . 

Bankers, No. 112 California street. — Exchange and Telegraphic 
Transfers for sale, payable In Gold or Currency, in sums to suit, on all principal 
cities of the United States. Also, Bills oi Exchange on the principal cities of 
Europe. Dec. 24^ 

THE MERCHANTS' EXCHANGE BANK OF SAN FRANCISCO. 
Hpitiil Stock, One Million Dollar*. I^vi Steven S, I*residci-t; It. 

H. Van Brant, Cashier. Banking House, 415 California street. July 2. 

D. F. Verdenal.] POULTERER & VERDENAL, [T. J. Poulterer. 

Slock Brokers, San Francisco Stock and Exchange Board, S23 Cali- 
fornia street. = May 11. 

W. W. DODGE & CO., 
Importer** and Wholesale Dealers in groceries and Provisions, 

Corner Front and Clay 6trcets,SAN FRANCISCO. 
NEWTON BOOTH, I J. T. GLOVER, 
C. T. WHEELER, W. W. DODGE, 
Pec. 9.] Sacramento. I San Francisco. 

S. T. SUIT & CO.'S 

CELEBBjiTED KESTK'KY WHISHiESI 

Congress Bourbon, National Bourbon, 

Capital Bourbon, Breckenridge B. B. B. Rye. 

None of the above brands are under three tears old. Qnality Guaranteed. 

BOOTH dt CO., Sacramento, W.W.noi)GEdCO.,Snn Frmefceo. 

Pec. 9.] Sole Agents for Pacific Coast. 

EX SHIPS NEPTUNE AND HAMILTON. 

Just received, direct froni Messrs. s. T. Suit A Co..ol*I*inisvllle. Her.. 
tucky, an Invoice of their celebrated BOURBON and RYE WHISKIES, from 
three to live years old. Quality and age guaranteed. For sale in lots to suit by 

W. W. DODGE & CO.. San Francisco, 
. , BOOTH & CO., Sacramento, 
July 27. Sole Agents for Pacific Coast. 



B 



GOOD CABLE SCREW "WIRE 
oote and Shoes an- selling imui Maine to Calirornia. 



JuncS. 



EDWARD F. HALL & CO., 

Stock Brokers and Member* ot the San Frar Cisco Stock and Ex- 
change Board. Cash advances made on active stock accounts kept with us. 
JaD - lg - Office : No. 410 California street. 



CYRUS W. JONES.] 



JONES & COLE, 



C 0m ,^V* Mo e sl ^ vU R «-okers. OfUcc; Booms Mo/a 10 and 11 Express 
Building, San Francisco. 



[THOMAS COLE. 
I Ex lire* 

April 27. 



T 



GIANT POWDER COMPANY. 



he Olant Ponder Company, Bandtunuiv 

Agents, 210 Front street. 



Nielsen A Co.. General 

Nov. 21. 



OFFICES OF AERIAL STEAM NAVIGATION CO,, 

No, U','3 Montgomery street, &ftn Francisco, 



ROLL OF THE SAN FRANCISCO STOCK AND EXCHANGE BOARD 

. . Caller. 
Treasurer. 



E, P. FECKHAM, . 
GEO. W. SMILEY, 



. . . President. I B. H. COIT, . . . 
. Vice-President. H. SCHMIEDELL, 
FRANKLIN LAWTON, Secretary. 



Barton, W- H....Mer. Ex. Bmld'g, 19, 

Btmynge, C. W. .402 Montg'y, up stairs. 

Bndd, W.C 41S California street 

Burling, W 428 California street. 

Cahill, E 406 Montgomery Btreet. 

Charles, H. A- ..408 Montgomery street. 

I Child, E-F 50-3 California street. 

I Coursen, G. A... 528Montgomery street. 

Crosby, F. W. . .528 Montgomery street. 

Dixon, S 315 Montg'y, up stairs. 

Duncan, W. L 422 Montgomery st. 

Deane, CoU 103 Leidesdorff street. 

Everett, A- F...500 Montgomery street. 

Eyre, E- E 434 Montgomery street. 

Ehrlich, M 412 Montgomery street. 

Ford, J. C 420 Montg'y, up stairs. 

Fitch, J. R 411& California street. 

Fox,C-W 40*> Montgomery street. 

Freeborn, J 422 California street. 

Glover, G. F- M..-42S California street. 

Hall, E. F-, Jr 410 California street. 

Herr, J.J 422 Montgomery street. 

Higgins, W. L. . . -413 California street. 

Haasey, F- A 402 Montg'y, np st'rs. 

Poulterer, T. J.. ..323 California street. 

Henriques, David — 506 Montgomery. 

Hill, H. L Ontoftown. 

Ives, G- 1 424 Montgomery street. 

Jones, J. H 434 Cal'a St., np stairs. 

Jones, C. W 418 Montgomery street. 

Keene, J. R 408 Montgomery etreet. 

King, J. L 402 Montg'y, np st'rs. 

Kilgour, L 401 California street. 

Knox, Geo. T 513 California street. 



Kinsey, A- G 405 Cal'a, «p stairs. 

Lissak, A- H 44G California street, 

Loveland, L-F — 418 Cal'a, op stairs. 
Martin, M- S — 33ti Montgomery street, 

Marina, E. J. De S 409 Cal'a street. 

McDonald, M- J. .402 Montg'y, np st'rs. 

McElwain, J 106 Leidesdorff streets 

Noble, H. H 417 Hayward's BoiJd'g 

Page, R-C 331 Montgomery street. 

Peckham, E. P 413 California street. 

Perry, J., Jr 104 Leidesdorff street. 

Parker, W. C 104 Licdesdorff street. 

Rorke, B-B 4 Duncan's Building. 

Rogers, R.F. .405 Cal'a st., Room No.l 

Rose, L. S 415 Montg'y, upstairs. 

Schmieden, H 401 California streefl 

Schmitt, B. L 437 California street. 

Seligsberg, Wm — 426 Montgomery st. 

Shotwell, J.M 834 Montgomery st. 

Smiley, G. W 444 California street. 

Stanford, W.T... .316 California street. 
Strother, F. F..--330 Montg'y, up st'rs. 

Stoutenborough, C 420 Montg'y st, 

Sherwood, B.F.... 415 California- street. 
Turnbull, W. - - .418 Cal'a st., up stain, 

Vinzent, C 334 Montgomery street. 

Webster, G, G 304 Montgomery st. 

WiDiams, H 434 California street, 

Wilke, F. H-..-418 Montgomery street. 

Winans, J. C 413 California street, 

Whitney, A. W 

Woods, F. H 422 California street, 

Zinns, L. A 411 California Btreet. 



CALIFORNIA STOCK EXCHANGE BOARD. 

T. J. L. SMILEY, President. | JOS. TILDEN, Caller. 

CHAS. L- WELLEE, . . Vice-President. | E. J. BALDWIN, Treasurer. 

W. W. LAWTON, Secretary. 



Adamson, W. R. H...40SCaliforniast. 

Allen, C. R 106 Liedesdorff street 

Baldridge, M 608 Montgomery st. 

Baldwin, E. J 509 California street. 

Barrell. Sam'1.422 Montgomery street. 

Bourne, J. B 323 California street. 

Broderick, R...6 Merchants' Exchange. 

Crosett, J-F Out of town. 

DeGreayer, S.. .513 Montgomery street. 

DeLacey, Chas 430 California street. 

DeLorme, E. W. . . .506 Montgomery st. 

Dif tot, A 422 Montgomery street. 

Duncan, W. T 413 California street. 

DuVal, W. S.411 California st, Room 4. 

Ellis, A. J Pacific Club. 

Fitch, H. S 506 Montgomery street. 

Flagg, H. H..-415 Montgomery street. 
Gildemeister, J. P. H.l 13 Montg'y Blk. 

Gillis, G. P 400 Montgomery street. 

Gray, J 306 Montgomery street. 

Harvey, C C 418 California street. 

Hawkins, Jas..-13 Stevenson Building 
Hill, J. Bryant... -628 Montgomery St 

Hoare, C. W 408 California street. 

Howard, H. C.322 Montgomery street. 

Hussey, J. L 305 Montgomery street. 

Hyneman, S 420 Montg'y street. 

Kenney, C. A. 411 California street. 

Kent, R. T 404 Montgomery street. 

Klopenstine, J. -422 Montgomery street. 

Lacour, L 503 Montgomery street, 

Lawton,W. W AtBoardRoom. 

Lichtenstein, M. B .406 Montgomery st. 

Lincoln, J 322 Montgomery street. 

Mansfield, M.. .306 Montgomery etreet. 



Marina, E. J. de S..322 Montg'y street. 
McCarthy, Eugene. 327 Montg'y street. 
McCullough, T. J... 306 Montg'y street. 

McKenty, J 422 Montgomery street. 

Middleton, John. ..310 Montg'y street. 

Miller, Wm-H 

Moore, J. M 77 Montgomery Block. 

Moyle, J- W — 302 Montgomery street. 

Owens, J- H 428 California street, 

Patridge, H. C International Hotel. 

Perine, G. M 413 California street. 

Pheby, T.B... 446 Montgomery street. 

Roberts. D. S 

Rogers, Geo. E. 331 Montgomery street. 

Rosenblatt, S 503 California etreet. 

Rudsdale, M 41S California street. 

Sanborn, T. C 411 California street. 

Schmitt, M 437 California street. 

Sewall, G. T..24 Merchants' Exchange. 

Smiley, T. J. L 310 Montgomery st. 

Smith, E. L 302 Montgomery street. 

Smith, W. J 422 Montgomery street. 

Snowball, R. Y....411 California street. 
Soren, Geo. S...528 Montgomery street. 

Stewart, Geo. W 

Taylor, W. S — 420 Montgomery street. 
Thompson, J. M.. .426 California street. 

Tibbey, E. S 503 California street. 

Tilden, J At Board Room. 

Townsend, M- D-.-Hayivard'sBuilding. 

Weller, Chas. L 521 Jackson street. 

Williams, W.J At Board Room. 

Wolf, F 424 Montgomery street. 

Wright, Wm. H. 420 Montg'y street. 



B 



BANCROFT'S GUIDE FOR TRAVELERS 

Kailwny, Stugre, and Kfeani Niivic»lfoEi fn tlte l'airific State*. 

X> comprising Routes and Modes of Travel, Dishinccs, Fares ; Concise descriptions 
of the Principal Towns, Scenery, etc.; Tourists' Guide to Vosemite, Tahoe, the Gey- 
sers, :\nd other noted resorts; Through EEonte by the preat Pacific Ballroad to Clii- 
capo, St. Louis, etc.; Ocean Routes, via Panama and Nicaragna, to New York- all 
Inland and Oct-an Routes on the Coast, etc. Published monthly by 

A.L.BANCROFT & CO., Booksellers ami Stationers, 721 Market St., S. F. 
Sent by mail to subscribers, and sold bv all Newsdealers. Price per copy, 25 cents. 
[.September 1?.] 



FOR MAZATLAN, GUAYMAS AND LA PAZ. 

T°V/^!iS5 r ^?f t^ 1 ** 1 fct * , -"«'"» *"<•«* B*««fceiieer»i Only The Steiinmliip 
MONTANA, Wm. Met zger. Commander, will leavcFolsom-street wharf, for the 
above ports, on FRIDAY, Auyust 2d, at 10 a.m. No cargo received after 5 o'clock 
p.m., on the aist July, without clearance from the Mexican Consulate. 
Jnly SI. HOLLADAY & BRENHAM, Agents. 

FOR PORTLAND, OREGON. 

lieS:t>:mi*ltip -Ajn\." F. Bullen, Commntuler. will leave tutsvnx- 

L street wharf", for the above port, on SATURDAY, August Bd, at 10 o'clock a.m. 
JnlySl. HOLLA DAY & BRENH AM, Agents. 



T 



James Neall.] WM HASELTINE & CO., [Wm. Haseltine. 

Pioueer JiipiiueNe k»<i Chfueae Biixanr. Mo. 609 Knernuieitlo St., 
second .ttore above Montgomery street, San Francisco, 
""■k-v ii'VBMiwiiu * Tunc 11 



OPEN EVENINGS. 






OF THE SAN FRANCISCO NEWS LETTER, 



SPECIAL BREVITIES. 

»Bwm irkUhtrooM In 8 

■ 

•tr.ili"in 

ilon lor :i!l p i ilnut tin? 

'Hi- royal st indard uitdrr * palate of |dl : un-, 

. :.. tad "ii ■ '-'i, witii ■ doUchmeniol iii* 

■t- r»-fmrh»ry chlrl'i hi th" n. : illlod twenty ol their ch 

and demolished ihclr ii.»-i Important fttronghokl Ii •« rumored that tin- I* -l-Ii i la 

■bool t.t wad .111 i-\p<illtJini a^-alnst Ihfl othei rohber irihi". who have long rmdorod 

iIm .tpproarnr-n to s«.in» »im<v»t tmtnanbta r»»r inraiers. (fo newt hm boon modi 

tmhlie neentbj M to Uic po*itlou ol the Turkish invader* In Cental Ar.iMn and tho 
Wababl Tern 

— Yin- pOTCT or the novclht'ft pa Uym alVr him. In tho Tinuslh 

of *nrnanir evidently owing to Mr. I . WOO, ftnty-flVfl ye.ir* 

upi UtTvttng through Rath, hind hor—i from • v.rv wpe c tkhk paatmaster 
whoto] . r tho world — I'ukwtck. This appellation, 

■Iter hmvtos been appll i rv.and little clgtn to which 

object U i-till adheres— ha* become so suggestive of corned v that Charles Henry 

Stlyibon Pickwick, Baq., oi Bradford-on^ron, notifies to aD the world that boro- 

after he ftbanden hll own family name of Pickwick," and takes in lieu 

thereof Hut ,\f Sainshurv. 'Tls hard to be laughed out of a Mirutime, oven bv a 
master norellst, especially If thai name be of the knightly origin of Pickwick— i. e. 
■ ite' spur fart, or spur oivwnrds. Mr. Salnsl'mrv has not changed his 
name lor tlie N-u.r. But what will not oac do for a QJOM Lift * 

-^ A coort martial has been hcM at Versailles, the delinquent betas a captain 
Of the French Mobiles, who has been Med fur deflOXtbu to the enemy in (810, The 

accusal pleaded, hy way of justification, that he had faked the oath of allegiance 

to tin- Knipemr Napoleon, that when the Emperor fell he considered he was no 
longer houud t<> serve, and therefore placed himself and his wife trader the protec- 
IIod of the Germans and wont t" Wiesbaden. He was so convinced he had acted 
legally that he returned to Paris last Jtme and had no idea that proceeding would 
(h> taken against him. The court, however sentenced him to death. Hard late ; 
surely mere} raieht he extended to such an one .' 

^— A new description of " honeyed sweetness" comes under our notice. Tho 
strong hand of the law has been npon a certain rural flyman. The bailiffs sought 
to take iwww-slon of some of his household (mods. The cabman, ever ready in an 
enwrgettcv, brought In hie boos, and, freeing the hive, suggested to the bailiffs that 
they should seise the honey-maker*. The bees, as is their wont under provocation, 
look the law into their own hands, and sei/.cd the hailills, but, unhappily for the 
truculent debtor, their assaults were laid at his door. As he has thereby been 
ordered to pay an extra forty shillings, and has probably lost his swarm of bees, It 
will he a caution to bee- masters not to copy this novel way of entertaining unwel- 
come visitors. 

— The Tichhorne Gazette Is a hig paper, very well written, with summaries* of 
the principal facts In the Claimant's favor. Audit would seem that the proprie- 
tor? anticipate a steady demand for it during a lengthened period, as they announce 
that "Subscribers can ensure having a copy by post on Wednesday mornings/or 
Aalf' a !/■■'>■ by sending :js. ;>1. to the editor, Southampton Buildings, Chancery 
Lane." On reading this, one is tempted to ask whether it is possible that the in- 
terest or the case will '■ stretch out to the crack of doom .'" The Tichborne Times 
I have not seen, bat am told that it is creditable. The third paper represents the 
opposition, 

— — It seems the penny postal card system is to receive a severe trial at the be- 

E nning through the irrepressible propensity of the live American to "advertise.' 1 
Often are pouring into the department asking when the cards will be ready. New 
York merchants have made applications tor over two millions, to be nsed as adver- 
tising cards. Firms in Boston, Providence, Philadelphia, Pittsburgh, Cincinnati, 
St. Louis and other larrc cities have similar requests filed, and it is believed that 
at least one-half of the first lot will be immediately disposed of to corporations and 
business houses. 

-^— Notice has just been issued by the British Postoffice that a telegraphic mes- 
sage of twenty words can be sent to Queensland, in Australia, for .£10, and that it 
will bo forwarded to Port Darwin by cable, and thence to its destination by horse 
express and telegraph. The whole distance snch a message will travel will be 
some 14,000 miles, and it will reach its destination in about thirty hours. It will 
go from London to the Land's End on land wires, will enter the sea and re-appear 
at Alexandria, pass over Egypt, re-enter the sea at Suez, and again appear at Port 
Darwin. 

— A lottery project has been set on foot by the Union Club of Berlin (under the 
same auspices that the fund for the purchase of Blue Gown was raised) to buy as 
many mares and stallions at the approaching sale of the Middle Park stud as possi- 
ble, with the object of improving the breed of horses in Germany. For this pur- 
pose the sum of 100,000 tbalcrs is lo be subscribed in shares of two thalers each. 

^— A lady writes to the Academy of Sciences that she has at last found the prin- 
ciple which differentiates the finite from the infinite. She demands that five other 
academies shall join the Academy of Sciences, and that together they shall pay her 
a sum of one million sterling. At this price she will yield up her secret. The 
Academy has declined to refer this vast and indirect claim to arbitration. 

—British Medical Journal. 

— General Cashing expressed his opinion at Geneva, before things came to 
their end, that " if he and Sir Roandell Palmer had been left alone for a lew hours 
Fomc months back, they could have settled the whole matter to the satisfaction of 
both countries. Perhaps not now ; matters have gone too far." u Then yon arc 
for ' smart solicitor ' theory, general I" " Precisely so, sir," was the reply. 

— Madame Peschka-Laetner has been offered and refused $100,000 for 200 con- 
certs in the United Slates ; the French band had also refused a New Yorker's 
offerof §1,800 a day in gold for six concerts, with all expenses paid and §200 
thrown in for incidentals, while Strauss has consented to accept $1,100 a night for 
two or three concerts in New York. 

— — The French Cable Company has divided 12 percent, and has a snrplns of 
£2-1,205 for the reserve fund. This company was aided by the Anglo-American, lor 
which the latter was to receive 52 per cent, and the French company 48 per cent. 
of the receipts. The Telegraph Construction Company, in the meantime, divides 
95 per cent, for 1S71. 

—— A dealer in old books in London occasions a good deal of amusement to 
those who inspect his stock by the curious labels which he attaches to different 
works. What, for instance, would Dr. Johnson say to the following? : " Lundnn, 
and 'ow to see hit; 1 ' and another labelled " Lcivcs of they Poyate— price 'arf a 
crown." 

— London will soon know its Blue-coat school-boys no more. Christ's Hospi- 
tal is to be removed into the country, and the well-known building in Newgate 
street, dear to Charles Lamb, has been sold to the Mid-London Railway Company 
lor jEOOO.OOO. 

— The French language is not to be supplanted by German in Alsace until 
January, 1S7S, and judicial office-holders who arc willing to become naturalized 
Germans are to be paid full compensation for damages sustained during tbe war. 

— • Ludgate Hill, London's great thoroughfare, is to be paved with wood pave- 
ment. 

— A new federal census for New York city is to be commenced at once. 

TO THE PURCHASERS OF TEN DOLLAR LOTS. 



An Agent of the Deroto I^nud Company, I cleHii-e to call the atten- 
tion of my patrons to the new town of Decoto, near the new Beet Sugar Mill, in 
ALAMEDA VALLEY. Choice busimess lots and lots tor manufacturing purposes. 



fronting on the main and side tracks of the Central Puciilc Railroad, are now ofi'crecf 
lor cash, by the Directors. Also, residence lots, beautified with evergreen trees, pay- 
able In monthly installments of $10. As a shipping point for manufacturers, it is on- 
equaled, as it commands, by railroad, the entire State. As an investment, I consider 
this property superior to any I have ever offered in this market. 

HARVEY S. BROWN, 
Agent Decoto Land Companv.624 Montgomery street, Montgomery Block, next to 
the Bulletin Publication Office. Dec. 24. 



HOME MUTUAL INSURANCE COMPANY OF CALIFORNIA. 
\" «>- i;tt « uiiiurnin m.. HMrchaaiai RxcbJmn ituiiatnu. i'in»mni in- 
il rlne Innumnce Cofnj>itn) .L.hn II. ib-dimiton. 

President; Ocorgc It. Howard. W< i tary; N. 11. 

i ! .. m i i Man ug it. iJiiiKin-Dita.— San 

Iut.A. K < Jr.. gnu.. John 

" him, B. M. iLtn.-ij.Tm-. i» Conrad, Wm.H. 

frhlen.U M. Urecnwood, 8.L, ■ Mann, 

ii !■'.. -!■ i,.ir., Job, OalUwaf, \V T. QamU, C. Waicrhoun*. A. 

i ii. Uohlnimtii, L. V. Grover, D. Ma- 

! Brookfl, I. A. Cruwrnrd, D. M. Preach, .). Lowenbtrv, 

Hamilton ll.nd. Maimer. W. L. Lurid, Tr«n>urcr. Mary»vlllt- -l>. K. Knight. Han 

Dlca i a. II. Wilcox. Bacrara i harlot Crocker. A. ifc-dington. Mark 

Hojpktna, Jan. Carolan, J. K. BoOfhton, 1>. W. Karl, I»anc Lohtiian, Jollua Wetxlar, 
Joilui weular. Uanagor, L Lohmnu, si-m-tary. Stockton Branch -H. II. Hewlett, 
Geo. S. Svaqp, J. D-Petera, N.M.Urr, W. F. McKec, A. W. BUnpaoa, A. T. Hudson, 
ii m. Funning, it. H.UowletuManafrer, n. i\LOrr, Secretary. Baa Jose Branch— T. 
Bllard Beane, joelah Bolden, A. Pflswr, J. 8. Carter, Jackaon Lewis, N. HayeaJToab 

Palmer, B. 1>. Uorphy, .1. .!. Danny, Manugi-r, A. K. Moody, Secretary. tir«H« vallwy 
-William Watt. Koberl Watt. NYv;nla -T. W.SlKQuriiey. Feb. II. 

FIRE AND MARINE INSURANCE-UNION INS. CO. OF 8. F. 
rpin- < juifoniin filoyrta. Blntmlillahr< an ihul.-Kon. no nmi its CWU- 

J. lornla stree:. Cash capital, «iMt,000 in Gold. Assets exceed (fl.iJOOVOO Coin. Fair 
ltAt<4! Prompt Settlement of Loeaoal ! Solid Security ! ! UiUKiToaw—J. Mora Mo*a, 
.lamesOtl!«. Wllliaiii B. Barron, J. O. Kittle, Daniel Mayer, M. . I. O'Connor, W. W. 
Montague, M>w Il<lhr, Adam Grant, N.J. Dana, Win. Scholle, CbATloa Kobiar, 
JoHepn Seller, W. C. ltaleton, I. Lawrence Pool, A. Weill, .lo&rnh HranrientHeln, 
Benjamin Brewster, Jaher. Bowea. Milton y. I.niliani, Xlcholas Liming, John Parrot t 
L. Sachti, M. D. Sweeney, Morton Lheesuuin,. lames Phelan, Gub. To uchard, Nicholas 
Larco.N.G. Kittle, George C. Hlckox, George C.JohnBon, L. A. Booth, T. E. Lln- 
denherger, L. L'unulagliaiii, Peter Decker, Marysvlllc. 

UU STAVE TOUCHAUD, President. 
Cuaxlks D. IlAVBy, Secretary. Gbo. T. Bourn, Surveyor. May 7. 



REMOVAL AND CHANGE OF AGENCY. 
Ihe public are Invited lo tnkr notice that the .T:inn Eintarnnec Com- 
pany of Hartford, have removed from the corner of California and Leldesdoru* 



streets, to the opposite side of California street, No. 11 Merchants' Exchange Build- 
ing. Also, that they have recently appointed the undersigned their General Agent 
for tola Coast. All business of the Company will be attended to at their new loca- 



tion, by the newly appointed General Agent. The old ,-Ktna has cash assets of 
$5,052^380, and au experience of Fifty Years In the fire Insurance business. 

GEO. C. BOAUDMAN, General Agent. 
Wm. Macdqx alp, A gent. Mov.21. 

KEW ENGLAND MUTUAL LIFE INSURANCE CO., OF BOSTON. 

Hum tr:iu ait < led the bualueas ol* I«lfc l naui -aiiee Tor ovrr a quarter 
of a century. Its assets amount to over Nijth Million Dollars. The law or 
Massachusetts makes all Its Policies nonforfeitable. It Is a Purely Mutual Company, 
dividing every cent of surplus among, Policy-holders. This Is the Only Company 
on the Paclllc Coast governed by the Ma&sachnsctts Lapse Law. 

WALLACE EVEKSON, General Agent, 
April 23.] N. E.cor. California and Sansome ats., opposite Bank of California, 



FLEE AND Iff A RLNE INSURANCE. 

The Ffreman'H Fund IiiMurnnce Company, ol' Man Frauehieo, Cal- 
ifornia. Organized April 25, 1863. Capital, ?500,000, fully paid in gold coin. 
Fire, Marine, Harbor and Inland Transit Kinks, on terms as favorable as any other 
reliable llrst-class company. Greatest amount taken on one rlBk, $50,000. Portions 
of risks considered too largo will be re-insured In responsible companies. Losbcb 
promptly paid In United States gold coin. D. J. Staples, President; G.T. Lawton, 
Vice-Presi_d_e_n_t; Charles IL Bond, Secretary. 

NORTHERN ASSURANCE COMPANY, OF LONDON AND ABERDEEN. 

Subscribed Capital. 8lO.OOO,000 ; Accumulated Fund. vi.7TO.ooo ; An* 
nual Fire Premium, $1,013,000. Losses Promptly Paid in U. S. Gold Coin. 

W.L.BOOKER, Agent, 
[Man. 13.] No. 319 California street, San Francisco. 
tSP~ The Policies of this Company are not only guaranteed by the Capital but by 
the unlimited personal responsibility of fully seven hundred Shareholders. 



O 



C0MMEBCIA1 INSURANCE C0MPANT OF CALEFOKNIA. 

flice in San Francfrtco, No. 435 California street- — Fire, Marine and 

Inland Navigation Risks. Capital: *200,U)0. Directors: W W Dodge, Claua 
Spreckles, Michael Skclly,M P Jones, Selden S Wright, W B Commings, C F Mac- 
Dermot, James M Barney, F S Wensinger, C W Kellogg, A W Gee, Peter Dean, John 
H Wise, Chas S Deerlng, Levi Stevens, James Gamble, E T Gilc, Charles Main, Don- 
ald McLennan, W B Hooper, G L Bradley. Sacramento: H C Kirk. H S Crocker, D 
W Welty.N D Thayer, J H Sullivan, F S Freeman. C. W. KELLOGG, President. 
H. G. Ho ByBR , Secre tary. Joly27. 

IMPERIAL FIRE INSURANCE COMPANY OF LONDON. 

Establlfthed in IN03.— Capital. 8*,000,000.— -I<oiiites paid here In cash. 
Immediately on adjustment, in United States Gold Coin. 

FALKNER, BELL & CO., Agents for California, 
Feb 8. No. 430 California str eet. 

THE STATE INVESTMENT AND INSURANCE COMPANY. 

Fire and .ihirine.— N'o. 401) California street, opponite Rank of Cal- 
ifornia. TYLER CURTIS, President. 
Pbter Donahue, Tlce-President. Jan. 20. 



BRITISH AND FOREIGN MARINE INSURANCE CO. OF LIVERPOOL. 



C" 



CALIFORNIA JEWELRY COMPANY, 

Leviaon Rroft-. No. 13 1 Sutter street. San Francisco Sole A cents for 
American Watch Company, National Watch Company, Howard Watch Com- 
Bany, Charles E. Jacot Watches, Carter, Howkins & Dodd's Fine Jewelry, Merlden 
ritanniaCo.'s and Rogers Bros. Plated Ware. Importers of Watches, Diamonds, 
Jewelry, Watch Materials and Tools, Optical Goods. Manufacturers of Jewelry, 
Diamond Setters and Lapidaries. March 16. 



C. J. COLLINS, 

Hatter, iHo.3'»l Montgomery street, near California street, under I. 
O.O. F.Hall. Masonic, Army and Navy Goods a Specialty. All goods im- 
orted or manufactured by me are guaranteed to beof the very best Quality. Thank- 



ul for the large and increasing patronage bestowed upon me by the public, I hope 
to add to it by the superiority ol my work and the reasonable figures at which every 
article is sold. June 29. 



E. F. Child.] CHILD & TIBBEY, [E. S. Tibbey. 

Qtoek Brokers, 503 California street, San Frnuclsco, California. 

tJ_" March 2. 

JAMAICA RUM, 

In Quarter Cask* 30 <lr. Casks High Proof— For sale In Bond or 
duty paid, by [Feb. 0.] AGARD, FOULKES & CO., 112 Front street. 

OAKLAND MILITARY ACADEMY. 

The Kielith Year will commence on Wednesday. July 20th, 1871. 
Address [July 1.] REV. DAVID McCLURE, Principal. 



D. CALLAGHAN, 

Manufacturer of nonnolly's Yenrt Powders. Cream Tartar, Soda 
and Salaeratus, L!l Front street, San Francisco, California. 
April b\ D. CALLfl CHAN, Proprietor. 

OPERA B0UFFE! AIMEE! LIBRETTOS! SCORES! 

All tlic music, botli vocal and instrumental, from tlie principal 
Comic Operas, as given by the Aimee Opera Troupe, at the California Theater, 
published antlfor sale at [Jnly 6.] GRATIS MUSIC STORE. 623 and 625 Clay St. 



DIAMONDS ! 

M Jordan, Jeweler, importer of lSraziliau and African Diaraonda. 
415 Montgomery street. M. JORDAN respectfully invites the trade and the 
nublic generally to examine his fine and large stock in Diamonds from the Diamond 
Fields direct. The stones are selected with great care hy his brother in London, ex- 
clusively for the California market, and for line quality and low prices he challenges 
competition. Jnly c. 

GOVERNESS. 

AJbarly desires a position eitlier as Governess or to take rharee of 
children. Would accept a suitable situation anywhere on the Pacific Coast 
Addrese, " S. H. K-," Box 1, San Francisco. June 8. 



THE DAILY FINANCIAL POSTSCRIPT 



Aug, 2, 



OFFICE OF FINANCIAL FOSTSCRIFT, 

Son Francisco, 13 31., Jjttg, 2, 1873. 

i' A report being in circulation to the efieettbat tbe FitnancUd Ptmt- 

script is " inspired" by some of tbe gentlemen who are believed to con- 
stitute what is sometimes called "the Sharon Clique" ©r operators in 
mining shares, a word of denial may not bu out of place. The Fbntmcial 
Postscript has its character to make as a reliable, accurate news-sheet, giv- 
in compact form aud attractive typography, the monetary news of San 
Francisco. This it is doing carefully, and hitherto not without an ameunt 
of success which may perhaps begauged by the too cbviora en-vy of some 
olders newspapers. The suggestion that the financial Postscript is a 
mouthpiece to-servc the personal interests of anyone is simply untrue. 



Our Diamond Mines. 

The newly discovered American diamond mines, if they shall redeem 
the promise of their preliminary exploration, shoald develop a commer- 
cial value oi national importance. The import of precious stones into 
the United States reaches an annual value exceeding §30,000,000. To this 
extent, at least, a home market for the products of the new discovery 
may be relied upon. Should the supply exeeed this home demand, a for- 
eign market, which has not at any period of the past failed to absorb all 
gems oSered to it r is open for the export of American stones. An annual 
saving of not less than $30,000,000 may thws accrue to the nation through 
the diamond " finds, ,T while this sum will be added to its annual produc- 
tion of wealth. It is gratifying to know that the largest participation in 
this production of wealth will be enjoyed by citizens of San Francisco. 

The system of diamond sale6 at the South African fields was indicated 
in the summary of latest news from that region, printed in the Financial 
Postscript of yesterday. In another portion of the present issue will be 
fouud particulars of the latest London publie sales. The system, it will 
be gathered, is as follows : First, there are stated " clearing-out sales " at 
the mines, made for account of the diamond miners. At these sales, the 
purchasers are diamond traders and dealers, who take all risks of the ulti- 
mate quality of the stones as shall be developed at the cutting, and bear 
the expense of their transport to a market. In the prices which they 
pay, these dealers are naturally careful to avoid loss ; that is, they pay 
less than the real value of tbe stones. This system will remind Califor- 
nians of that which prevailed in the purchase of gold dust berore a branch 
of tbe United States Mint was established in the State, and when gold 
worth $18 per ounce was sold at the camps for $12 per ounce. The buyers 
at the cleaning-out sales generally sell in turn to larger dealers at Cape 
Town, who ship to England. In London the stones are purchased by 
dealers, for whom they are cut by the great lapidary establishments of 
England and Holland. By this system the profits of four middle-men are 
realized from tbe difference between the selling price of tbe stones in the 
London market and the price at the *' clearing-out sales " at the diamond 
fields. 

The San Francisco and New York Mining and Commercial Company 
will be able to realize for their own account the amount of the very large 
profits which accrue to the middle-men through whom the Sonth African 
diamonds pass to the London market, The American company will nat- 
urally first supply American lapidaries and will next be able to export 
any surplus over and above the home demand, direct to the London 
dealers. The net price which -the Compauy will thus receive for its pro- 
duct should be quite one-third higher than that realized by the diamond 
miners of the South African " koppies." 

An interesting inquiry in all minds is that as to the quality of the 
American gems. Upon that point the report of Tiffany & Co., the em- 
inent jewelers of New York, is sustained by San Francisco experts. The 
diamonds and rubies are of every grade of quality and value; but tbe es- 
sential point is, that the best of these diamonds are not only strictly of 
the "first water," but they are of the very highest brilliance. They are 
unexcelled in quality by any known stones iu the world. 



Sale of the North Pacific Coast Steamers. 

The North Pacific Transportation Company has recently sold to the 
Oregon Steamship Company, an organization rcceutly formed in Oregon 
in the interest of the Oregon and California Kailroad Company, the steam- 
ships and good will of their routes in the San Francisco and Portland, 
and the Portland, Puget Sound and Sitka routes. It is understood the 
money for this purchase has been advanced by London aud Frankfort 
capitalists. Tbe union of the steamship and railroad interests combines 
tbe control of the entire transportation business of the Wallamet and 
Umpqua Valleys, and of the Oregon and the Coast business between San 
Francisco aud Portland. This combination of interests confers additioual 
strength on the Oregon and California Kailroad, of which Mr. Ben. Hol- 
laday is President. By the terms of the transfer, it constitutes an addi- 
tional security for the interest on the bonds issued for the construction 
of tbe road. As is well understood in San Francisco, this security is of 
a reliable character. In its new position, with the large and valuable 
land grants owned by the Railroad Company, the llolladay railroad en- 
terprise may be regarded as financially impregnable. It is understood 
that Mr. William Norris, the financial agent of the Oregon Railroad in 
San Francisco, will have charge of the steamship business here. 



•—— A considerable auction sale of Japan teas (importation of Castle 
Bros.) this morning, by S. L. Jones AS Co., was a gratifying success. The 
prices realized were : For extra teas, 55et56c; for teas in lacquered boxes, 
$45o51c. 



Semi- Annual Savings Bank Statements. 

The semi-autoxil reports of the San Franeiseo and other Savings Banks' 
ra the State of California for the term ending Jane 39tb, 1872, make ai 
gratifying exhibit of the eonditiou ol those institutions, and speak vol- 
umes for the prosperity of the industrial portion of the community, 
whose snrplns earnings are chiefly exhibited in the total sum held on de- 
posit. On June 30th, 1867, the only Savings Fank3 in California were sis 
in the city of San Franeiseo, which then held an aggregate of $13,833,250 
to the credit of some 20,000 depositors, showing an average deposit of 
about $708" apieee. Three years later, three more eity banks had beeo 
organized, and the aggregate held by city bauks bad risen to $29,842,112, 
to the credit of some 37,300- depositors, showing an overage deposit off 
$804 apiece. In the meantime, Savings Banks had been organised in Sac- 
ramento, Stockton, Oakland, San Jose, Vallejo snd Marysville r which; 
then held an aggregate of ?4,CS9,245 (making the total savings deposits- 
in tbe State nearly £34,090,009) at the credit of some 8,600 depositors, 
equal to an average deposit of $4?2 apiece. Since June 30th, 1870, the- 
Security Savings Bank in San Francisco, and Savings Banks in Paeheco, 
Napa and Pelaluma have been established. The total amount held on 
June 30th, 1872, by the city and interior banks, whieb made reports at 
that date, was : By ten San. Franeiseo Savings Bauks, $4&,369,4<!)5, to th& 
credit of 42,999 depositors, giving an average deposit of $939 apiece ; 
held by ten interior Savings Banks, $7,414,907, to the eredit of 15,714 de- 
positors, giving Ofn average deposit of $473. Combining the aggregate 
deposits reported by eity and interior Savings Banks, the total amount 
held by those institutions in the State of California on June 30tb T 1872 P 
was .$47,784,372. This amount stood at the credit of 58,713 depositors, 
showing an average deposit of $814 apieee. 

From a comparison of the present reports with those rendered on De- 
cember 31st, 1871, and June 30th, 1871, it appears that the number of de- 
positors has been increased 2,000 aud the line of deposits $3,550,000 in the- 
last six months. During the year the namber of depositors has been in- 
creased about 7,000, and the line of deposits nearly §7,000,000. Of the 
$3,550,000 increase for the past six months all but $200,000 has been with 
the San Francisco Banks, while of the total increase for the ycar P 
$5,828,000 has been due to the banks in this city,, awl $1,077,000 to the 
banks in the interior. 

Dividends for the half year last past were declared by tbe San Francisco 
Savings Banks at the following rates per annum : Savings and Loan So- 
ciety, 9 per cent.; Hibernia Savings and Loan, 8 per cent.; French Savings- 
and Loan, 9 per cent.; San Franeiseo Savings, permanent, 9 3-6 per cent.; 
do., ordinary, 8 per cent. ; Odd Fellows' Savings, permanent, 10 1-5 per 
cent.; do., ordinary, 8 1-4 per cent. ; Farmers' and Mechanics', 1st class, 
10 per cent.;. 2d class, 8 per cent.; 3d class, 6 per cent.; German Savings- 
and Loan, permanent, 9 3-5 per cent.; do., ordinary, 8 per cent.; Masonic 
Savings aud Loan, permanent, 10 1-4 per cent.; do., ordinary, 8 1-4 per 
cent,; Humboldt Savings and Loan, permanent, 9 3-5 per cent.; do., or- 
dinary, 8 per cent.; Security Savings, permanent, 10 per cent.; do., or- 
dinary, 8 1-3 per cent. 

Dividends for the half year ending June 30th, 1872, were declared by 
the interior Savings Banks at the following rates per annum : Sacramento 
Savings, 10 per cent. ; Capital Savings, Sacramento, permanent, 11 per 
cent.; do., ordinary, 10 per cent. ; Odd Fellows' Savings, Sacramento, 10 
per cent. ; Stockton Savings aud Loan, 1st class, 10 per cent.; 2d class, 8 
per cent.; 3d class, 4 per cent.; Oakland Savings, permanent, 11 per cent.; 
Union Savings, Oakland, permanent, 11 percent.; do., ordinary, 9 per 
cent.; San Jose Savings, 1st class, 10 per cent.; 2d class, 8 per cent.; 3d 
class, 6 per cent.; Vallejo Savings, lOpercent.; Marysville Savings, 12 per 
cent.; Napa Valley Savings, Napa, 10 per cent. 

There are two other Savings Banks iu the State, one at Petaluma and 
one at Vallejo. The first named was only recently organized, and has not 
developed business of sufficient importance to make a report. Tbe Val- 
lejo Bank makes only an annual report in January aud its business is not 
included in the summary of the June reports gifr'en above. 

——The amount of stock (15,0000 shares) of the San Francisco and 
New York Mining and Commercial Company which was assigned for offer 
on the San Francisco market at 40, was all taken as announced by the 
Financial Postscript of yesterday. This, with that held in New York, 
makes up the one-fourth interest which has been sold. Yielding to im- 
portunity the financial agent of the Company accepted the same price for 
1,000 shares more, which was a portion only of the amount applied for. 
After it became known that no stock could be had at 40, a premium was 
paid for some small parcels. This morning there is a strong inquiry for 
the shares aud we may to-morrow be at liberty to give some interestiug 
transactions. 

The shipment of treasure yesterday, per steamer America, for 
Yokohama, was as follows : 

Bank of California $535,795 53 

London and San Francisco Bank 308,3-56 96 

Cross &Co 238,000 00 

J. deFremery & Co 102,6-10 15 

Other shippers 299.23U 66 

Total $ 1,484,031 50 

Previously this year 18,109,270 00 

Total since January 1st $19,683,307 50 

■ During July, 269 deeds of real estate in San Francisco were placed 
on record, the same aggregating $828,795. There were 131 mortgages of 
3014,533, and 123 releases of $575,324. 



/ 



Ar,;, ■_' 



OF THE SAN FRANCISCO NEWS LETTER. 



A R* 11 road Su|£K*«tion. 
It in to I* hoped Umt the agitation far tin* construction of a second 
Overland Kallrctul, which ho* prvvwlh-d in 8an Knimifco, will ft 
to mi end wlthonl bearing fruit. The doirc and disposition of the peo- 
ple of Ban t'f.un im'o plalnlj It, ho toki moll action in both their private 
aud public capacity u> will mull la the construction of at least so mOCD 
of a MOQod overland rotd ■> will be Within Ihe State of California. At ft 

recent mooting of the Committee of one Hundred, and igalD (11 instated) 
at a meeting of the BxeeutlTe Committee ol thai organisation, the prop- 
osition wa* brought forward that that Committee OOgbt to adopt a routo 

along which to build the railroad, and then shall commit themselves to 

thai route as "apolloy." The reaaonBwUoh goto show that some of 

the railroad building herotolbre done in California has Involved needless 

ind has failed of >erv fog aft well aft might have been attained, the 

interests of cither the public or the buUdera, need not be restated. In 

each oaae the mischief has arisen from an Ill-located route; and much of 

the bad location might have been avoided by full* r prcliiniiuiry survey- 
ing. A few days ago, a communication was printed In a daily paper, writ 
Ion by a civil engineer, in advocacy of the adoption of a particular 
"pass" through the Southern Sierra, which instrumental survey has 
Shown to be actually impracticable, it Is only fair to say that the writer 
ft question was not probably aware that an instrumental survey of the 
Hue hud ever 1h.ii made. It ought to be plain that the proper and the 
only safe method Of proceeding to locate a railroad route should be first 
to procure instrumental surveys of all reasonable routes between the ter- 
mini. After this has been done, the relative advantages of all routes can 
be determined— not as a matter of guess work, but as matter of accurate 
knowledge. With regard to routes for a Southern Overland Road, the 
fact Is that most of the needful surveys have been already made. The 
data for an intelligent comparison of routes have been corrected. And it 
is within the bounds of careful statement to say that one or two of the 
routes which have been most volubly advocated are open to the very 
gravest objections. Whatever luck might attend the Committee of One 
Hundred in adopting a dctinitc route as "their policy," and depending 
Upon subsequent surveys to make its selection square with sound railroad 
policy, their actiou would at least be "a leap in the dark." It would 
not be a proceeding defensible on business principles. 

OUR JVM N E S . 

Pacific Coast Mines in London. 

Following is a summary of the quotations of Pucific Coast mining 
property in the London market on the 13th, instant, together with the 
latest news received there from the miues : 

In Foreign mines, Emma, Flagstatl' and Camp Floyd have been in 
stentty demand, but South Aurora, Pacific, Eclipse, Don Pedro and Utah 
shares have declines in price. 

Emma, 19, 20.— The Directors have received the usual weekly telegram 
to Hi'- following effect: "No ore raised or forwarded since last telegram; 
80 tons lirst-class ore at railway station; 610 tons first-class ore at the 
mine; water decreasing fast; motion for injunction heard next Friday. A 
careful examination of the mine will be made next week, and full report. 

— IiUSSEY." 

Flagstaff, 16 1-4, 16 34. — The following is a copy of a telegram received: 
" One hundred and twenty tons bullion produced last fortnight; one fur- 
nace stopped few days; 30,000 bushels charcoal on hand; mine producing 
40 tons daily; machinery for new furnace deliverable in month; daily re- 
cords and reports mailed, all satisfactory. — MAXWELL." This report 
from the manauer continues the profit of £500 per day, as in former tele- 
gram. The dividend of 4s per share will be paid on and after the liOth 
instant. 

Camp Floyd, 4, 4 3-4 prun. — Captain Wilder's semi-monthly report 
has arrived. He states that the falling off' in extraction of ore does not 
proceed from want of ore in the mines, but from the diversion of minors 
from stopping to improvement of tramroad and construction of sampling 
ground. The roasting furnace is being rapidly pushed on. The mine 
looks well. 

Saturn, 1 3-4, 2 1-2 prcm.— The manager writes under date of June 17th: 
11 We commenced running ou Tuesday night last, the 11th instant, and by 
to-morrow morning shall have fully 25 tons of base bullion on the ground, 
which, I calculate, in silver and lead will be worth £160 per ton, or, in all, 
$4,000 for the week's work on one furnace. I nm pressing to get another 
furnace started to-morrow or day after, which, combined with that now 
at work, will give us $8,000 per week. This, 1 have no doubt, we can 
keep up through the year, as we have so fine a site for our operations. 
You will soon receive considerable sums of money from me, and be able 
to pay handsome dividends." 

Birdseye Creek, 3 1-4, 3 3-4. — At a meeting the Chairman announced a 
profit for the last thirteen months (representing, however, only nine 
mouths actual work) of £4,151 3s. 2d., being 33 per cent, of the gross re- 
turns. This profit had been made only from the top dirt; but it was be- 
lieved that when they reached the blue lead which formed the richest por- 
tion of the claim that the dividends would be large and frequent. A divi- 
dend (payable on the 20th instant) of 2s. per share was announced. They 
have received a telegram from their Superintendent, Mr. G. S. Powers, 
dated July 11th, as follows: "We have cleared up Uncle Sam and 
Neece and West, after thirty days' run; gross returns, $6,750. The profit 
is S3,500. I send you a remittance of 63,750, equal to £750." Swcetland 
Creek, 3 3-4, 4 1-4; Gold Run, 1, 1 1-4; Cedar Creek, 2 5-8, 2 3-4, 

Eberhardt, 8 1-2; South Aurora, 1 1-2, 1 3-4.— Advices from White Pine, 
dated June 20th, state that " the diamond drill to be used for sinking has 
arrived, and will be in position by the end of the week." 



age — The Virginia Chronicle of July 29th says: "It is reported 
that I hey have struck a rich body of ore in the Savage mine, about 40 feet 
from the Norcross line. It is in the winze between the 1,400 and 1,500 
foot levels. The ore is said to assay $120 per ton." 

Piodie. — The dispatch from Pioche, August 1st, states : "Have struck 
ore in the new drift. North winze down 22 feet. The ore in the bottom, 
two feet wide, assays $260. South winze down 37 1-2 feet ; ore 2 1-2 feet 
wide, assays §157." 



DIAMO ND NEWS. 

Lnteat Public Diamond Sale*. 

The latest pubtlO -ales ol diamond* 111 London are rSpOttOd by MCSSIT. 
1'rl'nnhaui, Storr A Son.-, at tlieir auction mart In King itreel, Coveot 

Garden, u follows : "The bt-t included over one hundred carata «-! oholee 
brilliants, mostly from the Oape of Good Hope, The sales were wry 
folly attended, and the competition wus brink on the important lots, 
showing that tine diamonds still maintain their value notwithstanding 

the extent of the ' li mis ' in tin- i 'a|>r diamond Held*. A brilliant ol the 
weight of ten carats brought 18,800; a lustrous loose brilliant, C880: a 

brilliant ov.t two carats, (uff. The prices for the loose diamonds varied 
from f45 to $120 DOT carat. \\V learn that many of these jewels were 
bought up for the American market. The total amount of the sale was 
Ml" 

The next succeeding sale by the same parties is reported as follows : 
"Much curiosity was evinced by the exhibition of a diamond from the 
Cape said to he in the ' matrix.' That the diamond is of that order of 
growth, if the expression may be allowed, as ever to show itself in COn- 
D with a root, or matrix, DA is the case with some gems, is a matter 
Of dispute. We fear the subject has not, in this instance, received much 
elucidation, the stone in question being more probably simply Imbedded 
li> the hand of Nature in a lump of rock, in the structure of which vol- 
canic agency is traceable. This is what the diggers call ' in the matrix,' 
but the phrase is not scientifically correct. The stone, estimated to weigh 
about seven carats, sold for $525. In the same sale were two of the largest 
native diamonds yet submitted to public auction In this country, lot 1,200, 
weighing sixty carats, aud lot 1,295, weighing sixty-three carats, which, 
all In nigh nearly equal in weight, were of very different quality. They 
were knocked down at $1,950 and $17,000 respectively. Other lots were 
as follows: Lot 1,279— an uncut diamond, twenty-four carats {less 2-8 
1-16), $650; 1,280 — a magnificent brilliant, over sixteen carats, $1,715; 
1,281 — a brilliant, seven aud one-half carats, $975; 1,282 — a remarkable 
white uncut diamond (as found), thirty-three and one-half carats, $2,450; 
1,283 — live uncut, diamonds, thirty-four carats, $1,025. 

The latest sale by Messrs. Debenham, Storrs <fc Co. is reported as fol- 
low- » The latter part of the catalogue comprised some important ship- 
ments of Cape diamonds, in the rough, as found. Many of the stones 
were of great purity and promise, apparently quite equal to those found 
in Brazil and the far East. Itjwas evident, however, that prices had given 
way in consequence of the quantities found. 279 — A rough diamond, 
about 17 1-4 carats, $270. 292— Seventy- nine rough diamonds, about 
135 1-2 carats, $14 28 per carat. 292— Sixty-seven do, 90 1-4 carats, $12 5t> 
per carat. 294— A rough do, of remarkably choice quality and good form 
(a very speculative stone), weighing about 22 1-2 carats, $700. 323 — One 
hundred sixty-two rough diamonds, 292 carats, at $10 88 per carat. 324 — 
One hundred and seven do, 230 carats, at $14 50 per carat. 325-— A 
rough diamond, about 32 1-4 carats, $2,000, being one of the most perfect 
crystals of large size yet offered for public sale. Other lots, in the rough, 
fetched from $10 to $40 per carat." 

Messrs. Pittar, Leversou & Co.'s rough diamond summary for the Cape 
mail says: "Since the date of our last report, a very large trade has 
been done in Cape diamonds, and up to the 7th instant prices had some- 
what given way under the pressure for sales, to be advised by the out- 
going mail of the 8th instant. But on the 8th instant a reaction suddenly 
set in, the market became considerably firmer in tone, and from the 8th 
to the 15th instant considerable sales were effected at improved prices. 
Within the last eight days a very limited business has been done, but few 
large parcels have been offered, and sellers and buyers have rather held 
back, awaiting the intelligence expected by the Syria. So far as we have 
yet been able to ascertain, the importations by this steamer are of mod- 
erate amount, and the intelligence she brings is confirmatory of the news 
received by the Celt of diminished 'finds' and a prospective further de- 
cline in supplies. Although the market is decidedly firmer in tone, we 
must guard our friends against forming too sanguine expectations. We 
believe the high prices obtained six months since are gone beyond recall, 
and that, at any rate, some years must elapse before prices then ruling 
for large stones will be again obtainable." 

— The following figures, showing the imports into the port of New 
York from January 1st to July 1st, and the exports for the same time, tell 
the whole story of why gold is in steady demand: 

IMPORTS. 

1871. 1872. 

Entered for consumption $103,644,062 $108,754,644 

Entered for warehousing 77,625,103 10fi.2SS.001 

Free goods 15,822,807 16,960,413 

Specie and bullion 4,742,052 777,578 

Total entered at port $201,834,024 $232,780,630 

Withdrawn lrom warehouses 63,198,325 64,053,290 

EXPORTS. 

1871. 1872. 

Domestic produce $ 110,265,; 583 $100,442,808 

Foreign tree goods 533,100 679,087 

Foreign dutiable 4,263,264 5,337,088 

Specie and bullion 41.554,622 37,114,899 

Total export* $156,616,569 $143,578,383 

Ditto, exclusive of specie 115,061,947 106,458,483 

McEl ruth's Commercial Directory estimates the annual production 

of gold throughout the world at 5150,000,000, furuiehed by different coun- 
tries as follows : 

United States $60,000,000 

Mexico and South America 5,000,000 

Australia G0,000,000 

British America 5,000,000 

Siberia 15,000,000 

Elsewhere 5,000,000 

Total $150,000,000 

The figures of the current year will be in excess of this estimate by up- 
wards of §25,000,000. 

During the past month the amount of money disbursed in divi- 
dends by the local incorporations, was as follows: 

Banks * S7.750 

Gas and Water Companies 72,500 

lusurance Companies ... - . 

Railroad Companies 7,000 

Mining Companies 853,000 

Miscellaneous Companies 34,260 

Total $1,053,513 



THE DAILY FINANCIAL POSTSCRIPT Aug. 2. 



TIIMIIE TABLE. 



Commencing Monday, April 29, 1872, and until Further Notice, Trains 

and Boats will leave San Francisco 

h nn A. M. Overland Express Train for Sacramento, Marysville, Red Bluff, Colfax, Reno, Ogden and Omaha. 

Q f]fl P. M. San Jose Passenger Train, stopping at all Way Stations. 

A flfl P " ^ *P assen g er Train for Stockton, Merced and Sacramento. 

n q A P. M. Overland Emigrant Train. Through Freight and Accommodation. 

n On A. M. Steamer New World (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

A flfi P- M. *Sacramento Steamer (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

Q nf| P. M. *Steamer Antelope (from Broadway Wharf), connecting at Donahue with Trains of S. P. and N. P. R. R. 

8f\r\ A. M. Excursion Boat (Sundays only),fi-om Broadway Wharf, connecting with Special Train of S. F. and N. P. 
iUU Railroad for Cloverdalc and intermediate points, returning to San Francisco by 7.00 P. M. 

Oakland Branch. -Leave San Francisco 7:00, 8:10, 9:20, 10:10, 11:20 A. M., 12:10, 1:50, 3:00, 4:00, 5:15, 6:30, 8:15, 
9:20 and *11:30 P. M. (9:20, 11:20, and 3:00 to Oakland only.) Leave Brooklyn *5:30, 6:40, 
7:50, 9:00 and 11:00 A. M., 1:30, 2:40, 4:55, 6:10, 7:55 and 10:10 P. M. Leave akland *5:40, 6:5o' 
8:00, 9:10, 10:00 and 11.10 A. M., 12:00, 1:40, 2:50, 3:50, 5:05, 6:20, 8:05 and 10:20 P. M. 

Alameda Branch. -Leave San Francisco 7:20, 9:00, 11:15 a. m., 1:30, 4:00, 5:30 and 7:00 p. m. (7.20, 11.15 and 5.30 
to Fruit Vale only. Leave Hayward's *3.45, 7.00 and 10.45 a. m., and 3.30 p. m. Leave Fruit 
Vale *4.40, 7.35, 9.00 and 11.20 a. m., and 1.30, 4'05 and 5.30 p. m. *Except Sundays. 

A. N. TOWNS, General Superintendent. 
T. H. GOODMAN, General Passenger and Ticket Agent. 

PACIFIC MAIL STEAMSHIP COMPANY. 

-♦■*■♦ t^ 

flk®m!f©©i S®fc®€«l#gaHff®p jfapftrii, ail llliig 

Regular Mail Steamer leaves Wharf, corner of First and Brannan streets, on the first of every month, punctually at 
noon, for YOKOHAMA and HONGKONG, connecting at Yokahama with the Company's Branch Line for SHANG- 
HAI, via Hioga and Nagasaki. When the sailing date falls on Sunday the steamer will sail the preceding Saturday. 

From May to October, inclusive, an Extra Steamer will be dispatched on the 16th of every month. 

August 1st, Steamer 

AMERICA, Capf. Boane. 

August 16th, Steamer COLORADO, Capt. Warsaw. 



FOR JXErW YORK, via F^4JX^]*I^. 

INCEEASED SERVICE. 

Leave punctually at 12 o'clock noon on the 3d, 13th and 23d of each month for Panama, and connecting, via 
Panama Railroad, trith one of the Company's splendid steamers from Aspinwall for New York- Beginning August 13th 
all steamers touch at San Pedro and San Diego. 

August 3d, Steamer ARIZONA, Captain Farnsworth. 

CALLINC AT ACAPULCO. 

Until further notice steamer of the 13th will connect for Central American Ports, viz: Champerico, San Jose de 
Guatemala, Acajutla, La Libertad, La Union and Punta Arenas. Steamers of t}ie 13th and 23d will call at Mazatlan 
ami Manzanillo, and all steamers at Acapulco. 

Through tickets sold to and from Liverpool, Queenstown, Southampton, Bremen, Brest, Havre, Hamburg, Stettin, 
Copenhagen and Norway. Apply at the Pacific Mail Steamship Company's office, at Wharf, cor. First and Brannan sto. 

ELDK1DGE &; IRWIN, Agents. 



An;. 'J. 



OF THE SAN FRANCISCO NEWS LETTER. 



CD 






oo 


GO 




— 1 


D3 




CO 


CD 






I__L. 


' 


CD 




. 


CO 


»<" 



go 
oa 

CD 



C3 
CD 

£2. 
oo 




PLEASANT VALLEY. 

300 milce from San Francisco— Altltudu 4.500 f ott- 



TOP OF PALISADES. 

675 mil':,; from San Francisco— Altitude 4,800 faet 




ENTERING the palisades, 

:.tii mUoa I'mui Sim Francisco— Altitude 4,800 feet 



ALCOVE IN PALISADES. 

£75 milce from San Francisco— Altitude 4,800 foot 




FIRST CONSTRUCTION TRAIN PASSING THE PALISADES. 

573 in ilea from San Francisco— Altitudu 4,SQ0 feet. 



CD 



PALISADES ACROSS CANYON. 

620 miles from San Franciaco— Altitude 4,800 feet 



8 THE DAILY FINANCIAL POSTSCRIPT. Aug. 2. 

THE BANK OF CALIFORNIA. 

S-A.3JT IF 1 H. -A. HT O I » O O . 

Capital, - - T^ "«" -T~ - $5,000,000 

D. 0. MILLS, President, T W. C. RALSTON, Cashier, 

AGENTS: 

In New York, Messrs. Lees and Waller; in Boston, Tremont 
National Bank; in London, Oriental Bank Corporation. 

(JSP" The Bank liaa Agencies at Virginia City, Gold Hill, "White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
of the Pacific Coast. _ 

I#®fi®ra of fUroOtt lMm<€ f 

Available for the purchase of Merchandise throughout tlie United States, Europe, India, China, Japan and Australia. 

Exchange for Sale on all the Atlantic Cities. 

DRA.W DIRECT OWT 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frankfort-on-the-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

ImONDON AND SAN FRANCISCO BANK 

XjX3VEX'XM±£D. 

With which has been consolidated the business of 

PARROTT Sd OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 



Capital, - - 85,000,000. Reserve I'-u.xxca., $300,000 




Of which $3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

SSATV FRANCISCO OFFICE, 433 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodewald, Esq., Chairman ; H. L. Bisckoffsheim, Esq. (Messrs. Bischolfribeim & Goldschmidt) ; J. F. Flemmich, Esq. (Messrs. F. Hath 

&Co. ); E. H. Green, Esq. (Messrs. Russell and Sturgis, of Manila); Julius May, Esq. (of San Francisco), Frankfort-on-the-Main; 

J. S. Morgan, Esq. (Messrs. J. S. Morgan & Co.) ; Baron H. de Stern (Messrs. Stern Brothers); Rudolph 

Sulzbach, Esq. (Messrs. Sulzbach Brothers), Frankfort-on-the-Main. 

Manager in London : - - - R. D. PEEBLES, Esq. 

Assistant Manager (San Francisco), CAMILO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, ----------- ALFRED BANNISTER. 

The Bank is prepared to tranpact all kinds of General Banking and Exchange Business, in London and San "Francisco, and between said Cities and all parts of the 
world. The San Francisco Oflicei s authorized to draw Bills of Exchange or issue Letters of Credit noon either of the under-named Founders and Proprietors of the 
Bank, or (at the option of the buyer) upon the following Houses, with "whom the Bank has established credits, viz : LONDON— The London Joint Slock Bank, No. 5 
Princess Street ; Messrs. BischolTsheim, Goldschmidt & Co.; Messrs. Fronting & Goscheu ; Messrs. Frederick Huth & Co.: Messrs. J. S. Morgan & Co. (successors to 
Messrs. Georpc Peabody & Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Drcxe), Morgan & Co., 53 Exchange Place. BOSTON— Third National Bank. 
PHILADELPHIA— Messrs. Drexel & Co. PARIS— Drexel & Co.; Bisehonsheim. Goldschmidt & Co.; Messrs. A. J. Stern & Co. FRANKFURT-ON-TIIE-MAIN— Mr. 
Gehruder Sulzbach ; A. J. Stern & Co. GERMANY— Bank of Saxe Meiningen. AMSTERDAM— Banque de Credit and Depot des Pays Bas. ANTWERP— Nottebolm 
Brothers; F. R. Bischoffsheim. HAMBURG— John Burenberjr, Gossler & Co. BERLIN— Doutsche Bank Actien Gesu-llschaft. GENOA— Dapples & Co. NAPLES 
and FLORENCE— Anglo-Italian Bank. VALPARAISO and LIMA— Fred. Huth, Griming & Co. MANILA— Russell & Sturgis. CHINA and JAPAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Australia; Bank of New South Wales. IRELAND— Provincial Bank of Ireland, 
and all its branches, viz: Dublin, Cork, Limerick, Clonmel, Londonderry, Sligo, Wexford, Belfast. Waterford, Gahvay, Armagh, Athlone.Coleraine, Kilkenny, Ballina, 
Tralce, Youghal, Enniskillen. Monaghan, Banbridge, Ballymena, Parsonstown, Cavan, Omagh, Dungannon, Bandon, Ennis. Ballyshannon, Strabanc. Duugarvan, Mal- 
low, Coolehul, Kilrush, Skibbereen, Ennischorthy, Fennoy, Newry, Drogheda, Nenagh, Tempi em ore, Carrick-on-Suir, Carrick-on-Shannon, Clogheen, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID TO SELLING CALIFORNIA SECURITIES IN EUROPE. 

Collections, Purchases of Real Estate and Mining Shares, and Investments of all kinds in California. 

MILTON S. LATHAM, President. 

BEN. HOLLADAY, President, 

Saa I'-saacisco., 

WM. NOEEIS, Vice-President, San Francisco; HOLLADAY & BEENHAM, General Agents, San Francisco. 
Dispatch Steamers to the tollo-wing 1 places. 

aiastJtesa igoufee 

Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

§ outlier. H«ttl©8 

Sa nta Cruz, Monterey, San Simeon, San Luis Obispo, Santa Barbara, Los Angeles, Anaheim, San Diego, Etc. 

Slesfesa !!©«§©» Sfteames m^emj Posty Bay® s 

Cape St. Lucas, Mazatlan, San Bias, GS-ixaymas, and JL.a Paz. 

OFFICE ; 217 Sansome Street, San Francisco. 

The Premium Shirt Maker, Mrs. EVELINE MORRIS, 526 Kearny Street 



/ 



Prka, «ttiglc copT. A cools; per Week, 

23cenu, per Annum, including Postage 
to anr pan of the world. Twelve Dol- 
lar*. Printed and Published br Frederick 
Marriott, No. 033 MontfocMTT Street, 
San Franriwo, OoUComti. 



ECOND EDITION. 



Delivered immediately on the arrival of 
the mails in New York. Liverpool, London, 
Pans, Hamburg Frankfort, Berlin, "uez, 
Alexandria, Yokohama, Shanghai, Hong- 
kong, Melbourne, Auckland, Sydney and 
Itlands of the Pacific Ocean. 




[Established July 20, 1856.] 



Xatrst %\t\v$ from ®ur diamond |Wucs in |Iw |UrxtC0 mH ^mm%. 

Dispatched Daily by the Mails to emery Monetary ami Commercial Center throughout the World. 



Vol. 1. 



SAW TEANCISOO, T0ESDA7, ATJG. 6, 1872. 



No. 14. 



OFFICE OF FIXAXCIAL POSTSCRIPT, 

San Francisco, 12 .V., Aug. «, 1872. 



BULLION, MONEY AND EXCHANGE. 

GOLD BARS, 860 to 70. Silver Bars 1 1-4 Discount Treasury Notes 
are selling at 87 to 87 1-2. Mexican Dollars, from 8 to 8 1-2 pre- 
mium. 

EXCHANGE ON NEW YORK, 1-2 per cent. prem. (or Gold; Currency, 
14 1-4 per cent On London: Bankers, 49; Commercial, 49 1-2; 
Paris: 5f. por dollar. Telegrams, 3-4. 

PRICE OF MONEY HERE, 1 to 1 1-4 per cent per month— Bank rate. 
In the open market, 1 to 1 1-2 per cent- per month. The demand is 
active. 

YESTERDAY AFTERNOON SALES 

At the California Stock Exchange. Board. 



SHARES. 

American Flag — 150 
Do .... SO 

Adam's Hill 100 

Do SO 

Alps soa 

Do 100 

Belcher 1« 

Do » 

Belmont 45 

Do 100 

Condor 4515 

Do 200 

Do loo 

Chapman 1000 

Do 400 

Caledonia 230 

Do 120 bS 

Chollar 10 

Chief of the Hill... 50 
Gold Hill Quart! ... 00 

Eureka Oons 325 

Eclipse 245 

Empire 50 

Golden Chariot.... HO 

Hermes 400 

Imperial 170 

Ingomar 250 

IdaElmore 40 

Do 50 

Do 70 



LOW. KIOH. 

SDK 20# 

.... b80 20!, 
.... 1)30 3 

*?s 

3X 
.... s30 3,H 
.... b30 120 
117 
7 
... bSO 7X 
3 3* 

.... b30 3?i 
.... S30 3 

2 2X 

.... b30 2?; 

62 H 03 
I 64 65 

.... b30 102 
SH 

23 23 U 

16X 17 



1(1 

5 
14* 

IX 
18 



iox 

"X 

V,i 
18)4 



890 18# 
030 19 



SHARES. 

Independent 50 

Louise 50 

Meadow Valley. . .1095 
Do ...150 

Minnesota 300 

Mahogany 150 

Do 715 

Orient 100 

Ophir 15 

Do in 

Pioche 240 

Do 40 

Phffinij- 830 

Do 600 bS 

Do 10 

Page& Panaca 780 

Pea Vine 640 

Do 100 

Raymond & Ely... 230 

Do .... 10 

Do .... 10 

Star Consolidated. . 50 

South Chariot ISO 

Silver Mountain... 30 

Silver Cord 200 

Trench 200 

Wash'ton & Oreole.155 
Do ..100 

Yellow Jacket 30 

Do 10 



^>W. HIGH. 
IX 

2 
16 16X 

... b30 itx 



b30 
b30 



IS 



2 
19 
18X 
3 
48 49 

.... b30 49 

30X 31X 
.... blO 

2% 

I 4 

.... blO 

2X 

IX 

.... b30 

157 158 

.... S3 150 

.... b30 160 

1 

3 

16 % 17 

4« 5 

.... b30 5 

188)4 139 

.... bSO 142X 



SIX 
4K 
4« 
4* 
2'i 
IX 
IX 



At the San Francisco Stock and Exchange Board. 



SHARES. LOW. HIGH. 

Alpha 10 .... 62 

American Flag.... 20 .... 21 

Baltimore 250 .... Sli 

Condor 100 .... 3X 

Do 200 bS 3X i% 

Do WO .... 830 3 

Chapman 50 — 2 

Do 100 .... s30 Vi 

Eclipse 20 .... 16 

Golden Ohariot.... 520 .... 10 



SHARES. LOW. 



Ingomar 250 

Jackson 100 

Ophir 10 

Do 50 

Pea Vine 2250 

Raymond &Ely... 10 

Sterling 100 

South Eureka 1000 

"Wash. & Creole... 50 



IX 
90c 
.. b5 50 

49X 

IX 1 «0 

155 

60c 

8c 10c 

5 



Notice to Our Subscribers and Correspondents. 

George Johns, for several months past engaged as a traveling agent in town and 
country, has from this date no farther buBineSB relations and is in no way directly 
or indirectly connected with the San Francisco News Letter, Financial Post- 
script, or other publications issned at 623 Montgomery street. He has no authority 
to receive subscriptions. 



LATEST TELEGRAPHIC NEWS. 



X.ONBOX, AUG. «. 

United States 5-20 Bonds, 91?;. | Liverpool Wheat Market,ll8. 8d. 
Consols 92X®92&. 

NEW YORK, AUH. 6. 



Gold opened at 115^ ; 11 a. m. at 115X. 

Sterling Exchange, !09.'„'@1W.. 

Flour, — . 

Pacific Mail, 75 s „. 

Wells, Fargo & Co.. S9^. 

Oil, S perm, quiet, JI.3S@tl.40; Win- 
ter Bleached, J.1.00@$1.68 ; Whale, 
Arm, 70c®— ; Winter Bleached, 
70W.75. 

Hides, dry, 2SX@24tfC; ealtcd,12@12X. 



United States Bonds — Five-twenties of 

1802,116 3 8:1867, 110 34. 
Wheat, — 
Barley. — 

Quicksilver Mining Company, 42)4. 
Cotton, quiet, £l s «c. 
Wool, Sprint', Hue, 38W45c; Bnrry, .TO® 

35c. ; Pulled, 50@60c; Fall Clips, 3J@ 

37c. Bnrry,: — 



SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



Ophir 

Do 

Do 

Gould & Curry . 



ihares. 
..190 
.. 30 
.. 10 



. 511 
.216 



LOW. 

40 
.... b30 
.... b3 

180 
ISO 



Chollar 30 90 

Hale&Norcross... 9S 89 

Orown Point 55 .... 

Do 20 030 148 



Yellow Jacket 15 

Imperial 1105 

Empire 400 

Do 50 

Alpha 115 

Cons. G. H. Quartz. 120 

Zentuck 10 

Belcher 633 

Do 20 

Do 50 

Confidence 675 

Do 50 

Cons. Virginia 210 

Sierra Nevada 110 

Daney 980 



138 
MX 
16K 
.... b 
62* 
7 



... b30 
... 830 
18 

.... S3 
37 
16 
2¥ 



HIGH. 

48 

48 

47 

182X 

184 

100 

91 
146 
149 
189 

14\ 

17 

17 

63tf 
7X 
290 
120 
122X 

u»x 

13}j 
13X 
38)4 
16« 



SHARES. 

Exchequer 30 

Beg, Belcher 69 

Overman 65 

Justice 380 

Do HO 

Julia 180 

Caledonia 282 



LOW. HIGH 



Do 



Knickerbocker 150 

Baltimore 200 

Bacon 50 

Bowers 20 

Bait. American.... 100 
Do ....600 

Silver Hill 10 

Eclipse 260 

Trench 150 

New York 216 

Phil Sheridan 55 

Union Con 50 

Woodville 100 

Insurance 200 

Seg. Caledonia 150 



87 
14X 
... 080 

03 
65 
8K 

3« 



123 
Ofl 
15 
15)4 

6X 
60 
00 

9 

8X 
75 
13X 

I 2X 

7 
17)6 
18 

IX 

75c 

3 

5 

3 

4 



At the California Stock Exchange Board. 



Alps 10 

Bait, American — 15 

Condor 125 

G. H. Quartz 60 

Do 20 

Hale & Norcross. . . 5 
Do .... 10 

Imperial 105 

Do 100 

Julia 10 



3W. HIGH. || 




6 | 




2« 




SU 




7 


.. 83 


7 




90 


.. 890 


90 


14X 


1434 


.. b5 


14X 




6)4 



SHARES. LOW. 

Mahogany 30 

Meadow Valley.... 80 
Do ....160 b30 

Do ....100 

Ophir 30 s30 

Pea Vine 300 

Phomix 20 

Pioche 40 

Raymond & Ely... 40 
10 





17 


15H 


111 


16 


16H 


.. 830 


15« 


17 


47X 


1 30 


1H 




e 


30X 


31 




157tf 




180 



REAL, ESTATE TRANSACTIONS. 



Saturday, August 3d. 



GRANTOR TO GRANTEE. 



City Land Ass'n to Geo Schmidt.. 
Cal Ave H'd AflB'n to Barney Clark 
Thos Campbell to Cath Campbell.. 

J W Brnmagim to J W Reay 

D B Murphy to James Irvine ; 



DESCRIPTION. 



Lot 31, blk40 

Cal w 19th Av, 120 x 52— lots 7 8 blk 90. 

Brannan e2d, e50xn80 

Polk s Turk, s 34:5, w 247:6, n 84:5, etc. . 

14th w Howard, 151:6x116; also, Capp 1 

and 22d, 80x99:6; also, Arkansas and y 

, Shasta, nw cor, n 100 etc J 

College H Asb'u to M A Dunavent;Silver Ave and Congdon, 110x50— lot i 

I 24blkl3 f 

|Grove e Webster, 30x95 

Grove w Octavia, 27:6x120 



Wm Hollis to Sarah Kennedy j 

Chas Rether to Patrick C Brady. . . ' 



t 90 

660 
Gift 
825 

18,500 

300 
4,200 
2,000 



THE DAILY FINANCIAL POSTSCRIPT 



Aug, 6„ 



FIRST NATIONAL GOLD BANK OP 8AN FRANCISCO, CAL. 

Pni<I up Capital, HI .500,000, Gold. President. «*e«». F .lluvpvr; Vi<-c 
President, Samuel Hort -.Cashier, N. K. Masten. Directors— Geo. F. Hooper, 
"eter Donahue, Charles G. Hooker, M.P.Jones, James Mofhtt, James C. Flood, 
£dward Martin, D. Callaghan, Samuel Hort. New York Agkhts— Jay Cooke & Co. 
London Agents— Jay Cooke, McCulloch & Co. Exchange for sale on the principal 
cities of the United States, Gveat Britain and Ireland. Commercial Credits issued 
available in Europe, China and Japan. This Bank is prepared to transact a general 
banking busineBB. Deposits in Gold, Silver and Currency received Bubiect to check 
or on special deposit. Collections attended to and prompt returns made at the l«w- 
esS market rate of ExGhauge. __________^_ Hay -1. 

THE BANK OF CALIFORNIA, SAN FRANCISCO. 

Capital. 95,0004>oo. I). O. -Hill*. B*rt'Ki<l«i.l : W.C. Sainton, Cashier. 
AGENTS — In New York, Measre. Lees & Wallqk -, in Boston., Tbimost Na- 
tional Bank ; in London, Oshehtal Bank Corporation. Letters of Credit issued, 
available for the purchase of Merchandise throughout the United States.Europe, 
5ndia, China, Japanand Australia. Exchange for saJe on the Atlantic Cities. Draw- 
direct on London, Dublin, Paris, St. Petersburgh, Amsterdam, Hamburg, Bremen. 
Vienna, Leipsic, Sydney, Melbourne, Yokohama, Shanghai, Hongkong, Frankfort- 



OQ-tbe-Main. 



March 2 



FRENCH MTJTTJAL PROVIDENT SAVINGS AND LOAN SOCIETY. 

Twenty-fifth Seml-Auimal Dividend — A Vividend of Sine per cent. 
per annum net ('J per cent.) upon the operation of the French Savings and 
Loan Society lor the six months ending June anth,lbT2, has, in conformity with the 
report of the Committee of "Verification appointed by the members of the Society, 
been declared by the Board of Administration, at the Semi-Annual Meeting held on 
the loth instant. This dividend will be payable on and after the 16th instaut, at the 
office of the Society, 411 Bush street. GTJSTAVE MAHE, 

July 20. Director of French Savings Bank . 

GERMAN SAVINGS AND LOAN SOCIETY, 
flnarantee Capital, SSOO.OOO— -Office 512 California Street, South 

\DC aide, between Montgomery and Kearny streets. Office HourB, from 9 ajn.to 3 
».m. Extra bonv oo Saturdays from 7 to 8 p.m.,for reeeiviDg of Deposits only. Loans 
made on Real Estate and other collateral securities, at current rates of interest. 
George Lktte, Secretary. [Jan. 2».] L. GOTTIG, President. 

~ ~ DIVIDEND NOTICE, 

r p-he German Savin?* and l<o»n Society.— The Board or Director* of 

J_ the Society have declared the dividend for the six months ending June SOtn, 
W.2, at the rate of (9 3-5 per cent) nine and three-fifths per cent, per annum on Term 
Deposits, and (8 per cent.) eight per cent, per annum on Ordinary Deposits, free of 
Federal tax, payable on and after Monday, the loth July. By order. 
July 6. GEORGE LETTE, Secretary. 

REMOVAL. 
he <>frninii Saving* and Loau Socletv has removed its office to Mo. 

525 California street. June I. 



T 



SECTTRITY SAVINGS BANK— GUARANTEE CAPITAL, $300,000. 

Officer*: Preside! t. John I'arroU: Vic-e--l*reKidei.t, Her.ry S. Bnb- 
cock: Secretary, T. F. Bacon; Attorney. Sidnev V. Smith. Loans made on 
Real Estate and other Approved Securities . Office : No. S04 SanBome street (Fried- 
lande t'B Bui lding), opposite the Bank of Ca lifor nia. San Francisco. Oct. 14. 

^SAVINGS AND LOAN SOCIETY, 
/»l A Clay street, San Fran ci*co. July 9th, 1M72.— At a inectine of the 

O JL *_/ Board of Directors, held thiB day, a Dividend of Nine per cent, per annum, 
for the six months ending June 3Uh, 18.2, was declared on all deposits, free of Fed- 
eral Tax, and payable on and after MONDAY", July 15th, 1872. 
Jnlyat). CYRUS W. CABMAN Y, Cashier. 

DIVIDEND NOTICE. 

San FrnirciKCO Savings Ciiioi . .i.'W California street, ooit cr Webb.— 
For the half year ending with SOth June, ;8i2, a dividend has been declared at the 
»ate of nine and six-tenths (y 6-lu> percent, per annum on Term Deposit*, and eight 
(8) per cent, per annum on Ordinary Deposits, free of Federal tax on deposits, pay- 
ableon and alter luth July,ls.2. By order. LOVELL WHITE, 

July 6. Cashier. 

MASONIC SAVINGS AND LOAN BANS. 
/""I oaranteed Capital, $150,000, Office, So. O l"«t»l street. IHa*onic 

VT Temple, San Francisco, California. LEONIDAS E. PRATT, 
Geo. Robins, Secretary. [April 160 President. 

THE LONDON AND SAN FRANCISCO BANK (Limited). 

Sell Draft* on Yokohama, Hongkoug, Shanghai and Manili, at 
sig ht or on time, in budib to suit. Jnl y4. 

FRENCH SAVINGS AND LOAN SOCIETY. 

Btmh Ntreet, above Koiii'dj. O. Sialic, ll>lrect«i*. Loans made 
on seal estate and other collateral securities at current rates of interest. 



411 



J. SELIGMAN & CO., 
412 California street Bzst-liai-ee and Telegraphic 

_D Transfers for sale, payable in Gold or Currency, in sums to suit, on all principal 
cities of the United States. Also, Billy of Exchange on tbe principal cities of 
Europe. De c. 24. 



B 



ankers, No. 



o 



THE MERCHANTS' EXCHANGE BANK OF SAN FRANCISCO. 

apHal Stock. One Xlillion Dollar*. Levi Stevei. s, Preside!, t ; It. 

N. Van Brunt, Cashier. Banking House, 415 Caliiornia street. July 2. 



D. F. Verdenax.] POULTERER & VERDENAL, [T. J. Poulterer. 

Stock Brokers, San Francisco Slock and £xchaneeBoard, :t2S Cali- 
fornia street. May 11. 

W. W. DODGE & CO., 
Importer* and Wholesale Dealers In Groceries and Provisions, 

Corner Front and Clay streets, SAN FRANCISCO. 
NEWTONJB00TH, j J. T. GLOVER, 

Pec. 9.] 



. WHEELER, 
Sacramento, 



S. T. SUIT & CO.'S 

CELEBBAl'El) KliMKUS WIIJSltlKS I 

Congress Bourbon, National Bourbon, 

Capital Bourbon, 1 Breckenridge B. B. B. Rye. 

None of tbe above brands are under three years old. Quality Gnaranteed. 

BOOTH A CO., Sacramento, W. W. DODGK A CO.. San Francisco, 

Dec. 9.] Sole Agents for Pacific Coast. 

EX SHIPS NEPTUNE AND HAMILTON. "~~ ~ 

Just received, direct from Mt'ssi*. S. T. Miil A Co..oCl<€inittvIl]e. Ken- 
tucky, an invoice of their celebrated BOURBON and RTE WHISKIES, from 
three to five yeare old. Quality and age guaranteed. For sale in lots to suit by 

W. W.DODGE & CO., San Francisco. 
BOOTH &, CO., Sacramento, 
July a?. Sole Agents for Pacific Coast. 



B 



GOOD CABLE SCREW WIRE 
oofs and Shoes ure selling* lrmu Maine to California. 



JnneS. 

EDWARD F. HALL & CO., 
Otock Brokers and Members oi the San Frnt ci*co Sleek and Ex- 

O change Board. Cash advances made on active stock accounts kent with ub. 
Jan. IS- Office : No. 4lo California street. 



CTEUS w. JONES.] 



JONES & COLE, 



[THOMAS COLE. 

Oomni iimioii stock Broken*. OUice : SEooma Xo/s 10 and 11 » x pre sn 
Building, San Francisco. April 37. 



T 



GIANT POWDER COMPANY. 
he Giant Powder ioaunauy, Baudxnann, Nielsen A Co., General 

Agents, 210 Front street. Nov. 21. 

OFFICES OF AERIAL STEAM NAVIGATION CO., 

Fel).' No. 623 Montgomery strcet.San Francisco. 



ROLL OF THE SAN FRANCISCO STOCK AND EXCHANGE BOARD 



E. P. PEOKHAM, . 
GEO. W. SMILElf, 



. . . President. I B. H. OOIT, . . . 
, Vice-President. H. SCHMLEDELL, 
FRANKLIN LAWTON, Secretary. 



. . Caller- 
Treasurer - 



Baxton, W-H....Mer. Ex. Bnild'g,19. 
Bonynge, C W.. 402 Monig'y,np stairs. 

Budd, W, C 416 California street. 

Burling, W 428 California street. 

Cab.ill f E 406 Montgomery 6treet. 

Charles, H. A . . .408 Montgomery street. 

Child, E.F 503 California street. 

Couraen, G. A— .52SMontgomery sSreet. 
Crosby, F, W. . .528 Montgomery Btreet. 

Dixon, S 315Montg*y, np stairs. 

Dnncan, W. L 422 Montgomery st. 

Deane, Coll 102 Leidesdorff street. 

Everett, A- F. . .506 Montgomery street. 

Eyre, E. E 424 Montgomery street. 

Ehrlieh, M 412 Montgomery street. 

Ford, J. C 420 Montg'y* up ateirs. 

Fitch, J. R 411# Califomaia street. 

Fox, C- W 40b' Montgomery street. 

Freeborn, J 422 California street. 

Glover, G- F. M. . -428 California street. 

Hall , E. F-, Jr 410 California street. 

Herr, J.J 422 Montgomery street. 

Higgins, W-L 413 California street. 

Hassey, F. A 402Montg'y, up st'rs. 

Poulterer, T. J.. ..323 CaliSornia street 

Henriques, David 506 Montgomery. 

Hill, H. L Out of town. 

Ives, G- 1. - 424 Montgomery street. 

Jones, J- H 434 Cal'asC, np stairs. 

Jones, C. W 418 Montgomery street. 

Eeene, J. R 403 Montgomery street. 

King, J-L 402Montg*y, up st'rs. 

Kilgour, L 401 California Btreet. 

Knox, Geo. T 513 California street. 



Kinsey, A. G 405 Cal'a, up Btairs, 

Lissak, A- H 446 California street, 

Loveland, L-F 418 Cal'a, up stairs, 

Martin, M. S. . . .336 Montgomery street, 

Marina, E. J- De S 409 Cal'a Btreet, 

McDonald, M- J. .402 Montg'y, up st'rs, 
McElwain, J lQffLeidesdorff street- 
Noble, H. H... -.417 Hayward's Build'g 

Page, B-C 331 Montgomery street- 

Peckham, E. P 413 California street. 

Perry, J., Jr 104 LeideBdorff street* 

Parker, W. C 104 Liedesdorff street. 

Rorke, B- B 4 Duncan's Building, 

Rogers, R.F. .405 Cal'a st., Room No. 1 

Rose, L. S 415 Montg'y, upstairs. 

Schmieden, H 481 California street 

Schmitt, B. L 437 California Btreet. 

Seligsberg, Wm 426 Montgomery Bt. 

Shotwell, J. M 334 Montgomery st. 

Smiley, G- W 444 California street, 

Stanford, W. T- . . -316 California street. 
Strother, F. F-. .330 Montg'y, up st'rs. 
Stontenborottgh, C„. . .420 Montg'y st, 

Sherwood, B. F 415 California street. 

Tnrnhull, W 418 Cal'a st.,up stairs. 

Vinzent, C 334 Montgomery street 

WebBter, G. G 304 Montgomery st. 

Williams, H 434 California street. 

Wilke, F- H 418 Montgomery street, 

WinanB, J. C.„- -.413 California street, 

Whitney, A. W 

Woods, F. H 422 California street. 

Zinn3- L. A ,411 California street. 



CALIFORNIA STOCK EXCHANGE BOARD. 

t. J. L. SMH*EYj L ^_ President. | JOS. TILDEN, . Caller , 

CHAS. I*. WE JJbER, . . Vice-P resid ent. | E, J. BALDWIN, Treasurer . 

W. W. LAWTON, Secretary. 



Adamson, W- R. H-..40S California st. 

Allen, C. R 106 Liedesdorff street 

Baldridge, M 608 Montgomery s3. 

Baldwin, E. J 509 California street. 

Barrell. SanVl^S" Montgomery street. 

Bourne, J. B 323 California street. 

Broderick, R...G Merchants' Exchange. 

Crosett, J. F Out of town. 

DeGreayer, S...513 Montgomery street. 

DeLacey, Chas 430 California street. 

DeLorme, E. W 506 Montgomery st. 

Diftot, A 422 Montgomery street. 

Duncan, W. T 413 California street. 

t DuVal, W. S.411 California s^Room 4. 

Ellis, A. J Pacific Clnb. 

Fitch, H. S 506 Montgomery Btreet. 

Flagg, H. H-. .415 Montgomery street. 
Gildemeister, J. P. H.H3Montgy Blk. 

Gillis f G. P. 400 Montgomery street. 

Gray, J 306 Montgomery street. 

Harvey, C-C 418 Caliiornia street. 

Hawkins, Jas.. .13 Steveoson Building 
Hill, J. Bryant. ... 528 Montgomery St 

Hoare, C. W 408 California street. 

Howard, H. C.-322 Montgomery street. 
Hussey, J. L....305Montgomery street. 

Hyneman, S 420 Montg'y street. 

Kenney, C, A. 411 California street. 

Kent, R. T 404 Montgomery street. 

Klopenstine, J.. 422 Montgomery street. 

Lacour, L 503 Montgomery street. 

Lawton, W. W At Board Room. 

Liechtenstein, M. B .406 Montgomery Bt. 

Lincoln, J 322 Montgomery street. 

Mansfield, M. . .306 Montgomery street. 



Marina, E- J. de S-322 Montg'y street. 
McCarthy, Eugene. 327 Montg'y street. 
McCullough, T. J... 306 Montg'y street. 
McKenty, J.,..-422Montgomery street. 
Middleton, John... 310 Montg'y street r 

Miller, Wm-H 

Moore, J. M 77 Montgomery Block. 

Moyle, J- W 302 Montgomery street. 

Owens, J. H 428 California street, 

Patridge,H. C International Hotel. 

Perinea G.M 413 California Btreet. 

Pheby, T. B... 446 Montgomery street- 
Roberts. D. S 

Rogers, Geo. E. 331 Montgomery street. 

Rosenblatt, S 503 California street. 

Rudsdalfi, M 418 California street, 

Sanborn, T. C 411 California street. 

Schmitt, M 437 California street. 

Sewall, G- T..24 Merchants' Exchange. 

Smiley, T. J. L 310 Montgomery st. 

SmithjE. L 3*2 Montgomery street. 

Smith, W.J 422 Montgomery street. 

Snowball, R. Y-...411 California street. 
Soren, Geo. £.-.528 Montgomery street. 

Stewart, Geo. W 

Taylor, W. S 420 Montgomery street, 

Thompson, J. M... 428 California street. 

Tibbey, E. S 503 California street. 

Tilden, J At Board Room 

Townsend, M- D... Hayward's Building. 

Weller, Chas. L 521 Jackson street. 

Williams, W. J At Board Room. 

Wolf, F 424 Montgomery street. 

Wright, Wm. H. 420 Montg'y street 



BANCROFT'S GUIDE FOR TRAVELERS 

By Ki'ilwa?'. s.t;»r\<', :ti <3 Kli'JtEii IVnviKiklioii In the Patcific State*. 
comprising Route*) and Modes of Travel, Distances, Fnrcs; Concise descriptions 
of the Principal ToivnB, Scenery, etc.; Tourists' Guide to Yosemite, Tahoe, the Gey- 
aerB, aod other noted resorts; Through lioute by the great Pacitlc Railroad to Chi- 
cago, St. Louis, etc.; Ocean Routes, via Panama and Mearagua, to New York; all 
Inland and Ocean Routes on the Coast, etc.. Published monthly by 

A. L. BANCROFT & CO., Bookt?<jHers and Stutioners, ?5t Market St., S. F. 
Sent by mail to subscribers, and sold by all ^^vsdealers. Price per copy, 25 cents. 
[September 1?.] 

FOR MAZATLAN, GUAYMAS AND LA PAZ. 

Ti. iM'liii-ff :\t *'.- | «* M. E. i,*u- f«.r t'lisM-t'i.Ti'; Only Tlu* tt'tvi: nmlii|> 
MONTANA, Wm.Metzger, t.ommandev, will leave Folsom-street wharf, for the 
above purts, on FRIDAY, August 2d, at id a.m. No cargo received after 5 o'clock 
P.M., on the Jlst July, without clearance from the Mexican Consulate. 
July 31. HOLLADAY & BRENHAM, Agents. 

EOR PORTLAND, OREGON. 

TIieSU>iiiiiiiItfj)-*AJiix.'* F. BoIIcn, < onuiuii.der. will leave Folsoni- 
street wharf, for the above port, on SATURDAY, August "d, at 10 o'clock a.m. 
July SI. HOLLADAY & BRENBAM, Agents. 

James Neaix.] WM HASELTLNE & CO., [Wm. Haseltine. 

Ploue^r Japanese ;n <l Clditene B.tE»»r. >o. 609 Sacrameuto St.* 
second store above Montgomery street, San Francisco. 
OPEN EVENINGS. June 11. 



An;. 6. 



OF THK SAX FRANCISCO NEWS LETTER. 



BUSINESS NOTAB1LIA. 



M Schnapps.*' 

ThU enphonomi term U appliM |n whit In a*id to ba a pure article of Holland 
*3ln, maaufoirtiired at Schiedam. In Holland, ami imported Into LhU ooontrj by Mr. 
Vd iiptiLt Wolfe, ol ihtCHi "i Ken York, sad on ule among dnuslata and retail 
merao AU tmorslb ihrnuchoot the i Hui good uuan hive be?n 

«ald ami wrttlaa of" thte ■* BcuUpp*." PhynloUns speak highly ni' It* medicinal 
qu-tim.-» far all thepurpoaoa tor which a perfectly pare article of Hoi md Qfn le 
nWlrvd, nnd many ririor- «rw\ik nf IV- aroma aa potential. From accumulated tes- 
CimonUl* It baa evIdMtly obtained an eatihlinhed character with the puMic. 

Pur* | Nl'wt>'v, s..i.' Aganta foi the Ftdflc I lout, 

"Take care of the b*aufiful, for the useful will take care of Itself." In all 
valka of Hfe encourage that which is refined and elegant. Pill yoar homes with 
good picture*, with lapesirica, wllh cosily furniture.; Id reAnemetit appear in every 
tninjj. Adoni your person wrih elogjUrl apparel, and let your manner* be marked 
hy QOVtaty and hiijli breeding. I)o nothing that dos not become a gentleman, 
wing a gentleman, do unt be seen to eiAor vulgar haunts. When vou would cheer 
grooi ^oul wKbwtnoor quicken the blood with generoua whisky, 1:0 where the 
: rarietlei of these invaluable refreahen an to be obtained. Go where you 
■will hi' atirronnded wkh eJeganre and will hask in hoauty. Go where on every 
hand Id some rare adornment, where TOO tread on marble and gaze on radiant 
vislona from floor to ceiimg, where, the largest and finest mirrors, reflecting 
from every aide, open up a long vista of light and beauty, where yon rest your 
arm on curiously carved laurel and drink from the choicest "cut-classes the rarest 
liquor*, where everything that surrounda yoo is far-superior to your dreams of 
elegance. Go to the "Laurel Palace.' 1 

When Carbolic Acid, rn proper quantities. Is introduced. In the preparation of 
Itnbher, much less time and heat is required to vulcanize It ; while the Sulphur re- 
quired, having done Its work, and bearing a strong affinity to Carbolic Acid, is ab- 
aorbod by it. and it* isctnicnva oflfecta entirely neutralised. The improved Patent 
Carbollzfd Fire Hose is the only TTosethut will stand the great prefsnre and severe 
tests nf Steam Fir. 1 Engines without bursting or sweating. It has been adopted by 
the Fire Department of the city o<" New York, United States Navy, many of the 
principal Fire Departments throughout tho United Stated, and recommended to all 
Fire Departments for adoption throughout the Country by the New York Board of 
Fin- Underwriter". John W. Taylor, Sole Agent for the 'Pacific Coast, 501 Market 
street San Francisco. 



In these "loud, babbling days" as Tummns Carlisle calls them, rhetorical 
fireworks are the order of the hour, and the ear is wearied with the fizzing thereof. 
Tremendous paradoxes are launched at us, relieved, indeed, by sentences which 
are neat and felicitous, and the literary and oratorical world is filled with an inex- 
banstjble plethora of words. '* Words, words, words." Sonnd and fury. Bathos 
and buncombe. But let a* be grave, reticent and wise. If we speak at all, let it be 
to lilt up onr voice in favor of the unapproachable excellence of Gcrkc Wine. 
Then shall we have said something worth re cording. 

A. P. Hotaling & Co., agents for the genuine Cutter Whisky, say the demand 
for their superior Bourbon is constant and increasiug. We arc prepared to fully 
accept this statement. FlaUeriug ourselves that we are a good judge of good 
whisky, wc cheerfully award the palm to " Cutter." It is uncqualed; it is unap- 
proachable. We never drink any other. We pity the folly of such as, seeking a 
good article of whisky, content themselves with inferior brands, under the mis- 
taken Idea that they have found the best. Them we earnestly urge to try the Cutter, 
and be cured of their folly. 

Bradley A Rulofson's tribute to Sarony : " It is to Sarony we owe the elevation 
•of photography into an art, in which the refined taste of tho artist has been blended 
with the skill of the operator. Photography has too lon^ been left in the hands of 
those, who, skilled in the elements of their art, sought nothing higher than the pro- 
duction of a picture which, faultless in execution, left unsatisfied the desire people 
of cultivated taste felt for something less mechanical and crude." Sarony would 
l>e delighted by the manner in which photography is elevated by the efforts ofBrad- 
ley & Itulofson. 

Onr Town Crier Imitates the hermits, " in hope to merit heaven by making 
earth a hell." He seems to takea fiendish delight in applying caustic to the tender 
places of humanity. The Business Notabilia man, on the contrary, wrlteth only of 
what is pleasing and cheerful. He loves to call the attention of his readers to 
those oasis upon life's desert where happy repose \b found. In this spirit, he begs 
leave to mention Emerson Corville's Saddle Rock Saloon, 410 Pine street. Thither 
he prayeth all to go who love good oysters excellently served. 

— " Hark, hark, my soul, angelic songs are swelling 

O'er earth's green fields and ocean's wave-beat snore. 1 ' 
The soul is stirred to its profoundesl, depths by the grand beauty of the bay and the 
lovely scenery which breaks upon the eye at San Rafael. And when the wearied 
body needs refreshment and repose, what better retreat exists than the Tumalpais 
Hotel ! 

At the Art Gallery of I. W. Taber, 12 Montgomery street, we find pictures in 
which the delicate combination of the hand and the brain is at once perceptible, 
and while appealing to the eye by their exquisite finish, they touch our innate sense 
of the beautiful by the gracefulness so charmingly imparted to them. Taber, an 
artist in the true sense of the word, unites iu himself the rare combination of the 
artistic and the technical, and gives all that experience and skill can dictate to- 
ward successful portraiture. 

Grace Greenwood, writing from California, advises "all mere lovers of pleasure, 
fond of benders and unbenders, all bon vimnts, all dainty people," to keep away 
from theYosemite.for it will prove to them *'a great hollow mockery of wild, vague, 
extravagant hopes— the biggest man-trap in the world." But Grace should have 
added that all who can appreciate a most beautiful stock of parlor furniture, car- 

fiets, tapestries, etc., should come here and visit Messrs. Plum, Bell & Co.'s estab- 
ishment on Post street. 

San Francisco is now enjoying such delightful days as compel strangers to 
acknowledge that our climate is unnvaled under the sun. But no one can thoroughly 
understand the attractions of our city unless he improves these delightful days by 
drinking our delightful wine. The place to do this is at Eberhardt & Lachman'B 
cellars and store-rooms, at the corner of First and Market streets, where the choicest 
Champagnes and other Wines are always to be found. 

Winds are rude in Biscay's sleepless bay; but gentle zephyrs fan the brow at 
San Bruno, while the senses are intoxicated by the perfume of myriad flowers and 
the sweet Bongs of the free and happy dwellers in the air. Amid this beautiful 
scene rises Thorpe's Hotel, which iB eagerly sought by all who, having once been 
there, know how 'tis themselves, and gladly return whenever the cares of business 
can be laid aside for the time. 

The "Chronicle," with reprehensible impudence, persistently sets up its claim 
to be a " live paper." We find in it many attempts at wit and sensation, but little 
that is useful. The true province of a live paper is to acquaint its readers with 
facts of great value to them. A column might be written in exemplification of the 
fact that the best articles of either costly or cheap furniture are found only at N. P. 
Cole & Co.'s establishment 

The Seal Bock House is permanently established in the favor of the discrimi- 
nating public. A well ordered cniti?ie and a bar stocked with the choicest wines 
and liquors, insure the gratification of visitors. Those who drive to the Cliff and 
ocean beach, always make a point of stopping at the Seal Rock House and enjoy- 
ing its elegant entertainment. 

The Kacine House, 1023 Kearny street, haB an enviable reputation as an ele- 
gant and comfortable hotel. All its appointments are excellent, and guests cannot 
fail to be abundantly satisfied with the pains taken for their accommodation. 

Muller's Brazilian Pebble Spectacles are acknowledged to be the best. Those 
whose eyes are failing them should by all means visitMuller. 

The San Bruno Boad is a splendid drive, and Harry Blanken's is the place to 
stop at. Every team should be halted before his door. 



HOME MUTUAL INSURANCE COMPANY OF CALIFORNIA. 

IkTo. lit i .illl.M-niii HI.. Ylrrt-hmitfi ttvclinuKr IIoII«IIiue. ■'!■-«* nnd "'lu- 
ll rise iDinrnnre Compnnv. Capital, tiS'VOu. Officebs:— John II. Itedlnirton, 
get 11. Uoward, Vice Preiddont; Charles R. Btory, Beorelary; R. B. 
Kddy, Mnrinv Secretary. H.ll General Manager. HiKr.rrojtn.-San 

Krancloc 1 Goo, 11 Howard, F. D. A rton.H. 1- . Tesc&emacner.A. n.Gr'iinui.John 

rl.ltodlnjrton.A. VV, Uowman.f. 8. Hobbs. U. M. Harlthorne. D. Conrad. Wm. H. 

1. 8. Johnson, H.N. TUden,\4 m Qreoowood. B.L.J is, Uun. H.Mann, 

Cyn» Wilton, W. H. Potior, Jr., Jos. Galloway, W. P. Garrett, C. waterbouie, A. 
r,Hotallns. Oregon Branch i'. Waaurnun, )'■■ Goldsmith, 1.. v. Qrovor, i>. Ma- 
cloay.C. H. I.i'wiA. l.lnvil Hrn»k<\ J. A. Crawford, D. M. French, J. Lowenhei-jr, 
Hamilton Boyd, NlsnatftT, W. L. Ladd, Treasurer. Maryitvllle— D. K. Knight. San 
Die**"— A. II. Wilcox. sacramtmto Brunch— Charles Crocker, A. Remington, Mark 
Hunk in*, Jan. Carolan, J. V. Houghton, 1). W. Enrt, Isaac Loiirnan, JnMn« wetsltr, 
Jnllu* Wetilnr, Manager, I. Lehman, Secretary. Stockton Branch —II. H. Hewlett. 
Goo. S. Kvana, J. D.Petor*, N.M.Orr. W. F. HcKeo, A. W. Simpcun. A. T. Iludfta/i, 
11. II, Fanning, B.H. Hewlett, Manajrer.N.M, Orr.Becrelary. San Jose Branch— T. 
Kiinrd Beans, .loHiah Balden, a. PflBur* .1. s. Carter, Jackson Lewis, N. Hayea, Noah 
PainuT, 11. o. Murphy, J. .1. Ooony, Manager, A, B. Moody. Beoratary. Gra«» Valley 
— WUllam Watt, itjherl Watt. Nevada- r. W-Slgournuy. Feb. li. 

FIKE AND MARINE INSURANCE-UNION INS. CO. OF 8. F. 

Tin- « nllfornln l.lt.-, d*.-i -.1 ui.i Kin «i fu inhk..Nom. iin nntl UN t'nlt. 
lorniastreet. Cash capital, $7:>o,000 In Gold. Anseta exceed 1 1,000,000 f'otn. Fair 
Rate*! Prompt Scttleineul of I.os-^oh ! ! Solid Security!! DinBOTOW— J. Mora Moss. 
James Otl«, wllllain B. Barron, J. G. Kittle, Daniel Mayer, M. J. O'Connor, W. W. 
Montague, MoaaS lh'ller, Adam Grant, N.J. Dana, Wm. Scholle, Charlca Kohler, 
Jonepn Belter, W. C. Kaleton, I. Lawrence Pool, A. Weill, Joseph BrandenBteln, 
Benjamin Brewster, .labex Howce, Mlltou S. Latham. Nicholas Liming, Joliu Parrott 
L.SachB, M. I). Sweeney, .Morton Cheeaninn,. lames Phelan.GuB. Touchiird, Nicholas 
Larco.N. G. Kittle, George C. Hlckox, George C. Johnson, L. A. Booth, T. E. Lin- 
deuherfcr, L. Cunntnghsm, Peter Decker, Maryeville. 

GUST AVE TOUCHABD, President. 
CttAKLEs D. Havkn, Secretary. Gso. T. Boiibn, Surveyor. May 7. 

REMOVAL AND CHANGE OF AGENCY. 

Tlic pitifli. nr« In vi<«-*l to tnlce notice* tlint the JE&nn ImnranFe Com- 
pauy of Hartford, have removed from the corner of California and LeldeBdorfl 
street*, to the opposite side of California street. No. \\ Merchants' Exchange Build- 
ing. Also, that tuey have recently appointed the undersigned their General Agent 
for this Coast. All business of the Company will be attended to at their new loca- 



tompany will be attended to at their new 16 ca- 
non, as me ncwiy apnointea General Agent. The old JEtna has cast 
$5,052,880, aad an experience of Fifty Tears In the fire Insurance business. 

Wm . Macdonjlld, Agent. 



GEO. C. BOARDMAN, General Agent. 

No ' 



W 



O" 



ov.21. 

1TEW ENGLAND MTTTUAL LIFE LNStTBANCE CO., OF BOSTON. 
~nn trnnii»ct«4 (lie buNlnenM of Life limnrance for over a quarter 

- — or a century. Its assets amount to over Nine Million Doli^rs. Thelawx>f 
Massachusetts makes all its Policies nonforfeitable. It is aParelv Mutual Company, 
dividing every cent of surplus among Policy-holders. This is the Only Company 
on the Pacific Coast governed by the Massachusetts Lapse Law. 

, li — , „„ WALLACE EVERSON, General Agent. 

_April a.} N. E . cor. California and Saasome sts., opposite Bank of California. 

FIRE AND MARINE INSURANCE. 

The FJrcman'a Fuud Innuraiiee C*oni|iany, or San Franelneo, Cal- 
ifornia. Organized April 25, 1863. Capital, $500,000, fully paid in gold coin. 
Fire, Marino, Harbor and Inland Transit Risks, on termB aB favorable as any other 
reliable first-class company. Greatest amount taken on one riBk, $50,000. Portloas 
of risks considered too large will be re-insured in responsible companies. Losses 
promptly paid in United States gold coin. D. J. Staples, President: G. T. Lawton. 
Vice-Presiden t; Ch arles R. Bond, Secretary. 

NORTHERN ASSURANCE COMPANY, OF LONDON AND ABERDEEN. 

Snbaeribed Capital, 810.000,000; Aeeamnlated Fund, s5.770.OOO; An* 
nual Fire Premium, $1,065,000. Losses Promptly Paid In TJ. S. Gold Coin. 

W. L. BOOKJSR, Agent, 
f Jan. I".'] No. 319 California street, San Francisco. 
&T The Policies of this Company are not only guaranteed by the Capital hut by 
the unlim ited per sonal responsibility of fully seven hundred Shareholders. 

COMMERCIAL INSURANCE COMPANY OF CALIFORNIA. 

ftlee In Man Franeineo, Mo. 435 California street.— -Fire Mariueand 

j. Inland Navigation Risks. Capital: $200,000. Directors : W W Dodge, Clans 
Spreckles, Michael Skelly,M P Jones, Selden S Wright, W B Cummlngs, C FMac- 
Dermot, James M Barney, F S Wensinger, C W Kellogg, A W Gee, Peter Dean, John 
H WiBe, Chos S Deerlng, Levi Stevens, James Gamble, E T Glle, Charles Main, Don- 
ald McLennan, W B Hooper, G L Bradley. Sacramento: H C Kirk, H 8 Crocker. D 
W Welty, N D Thayer, J H Sullivan, F S Freeman. C. W. KELLOGG, President. 

H. G. Horner , Secretar y. July 27. 

IMPERIAL FIRE INSURANCE COMPANY OF LONDON. 

Estaulinhed In 1K03.— Capital. V8,O00,000.— I^onnes paid here iu cash, 
Immediately on adjustment, in United States Gold Coin. 

FALKNER, BELL & CO., Agents for California, 
Feb 8. No. 430 California Btreet. 

THE STATE INVESTMENT AND INSURANCE COMPANY. 

Fire and >I:iriue.— >o. 400 4'alifoi-nia sireel. opponlte Bank of Cal- 
ifornia. TYLER CURTIS, President. 
Pkter Donahpe, Tlce-President. Jan. UP. 

BRITISH AND FOREIGN MARINE INSURANCE CO. OF LIVERPOOL. 
.tpital. £5,000,000 — Apente: lEnlfour. Oalbrie A Co., So. 308 San- 

some street, San Francisco. Nov. IS. 

TO THE PURCHASERS OF TEN DOLLAR LOTS. 

As Agent of the Deeoto IJand Compnny, I desire to enll the atten- 
tion of my patrons to the new town of Decoto, near the new Beet Sugar Mill, in 
ALAMEDA "VALLEY. Choice busimess lots and lots tor manufacturing purposes, 
fronting on the main and side tracks of the Central Pacific Railroad, are now ofl'erea 
for cash, by the Directors. Also, residence lots, beautified with evergreen trees, pay- 
able In monthly installments of $10. As a shipping point for manufacturers. It IB un- 
equaled, as It commands, by railroad, the entire State. As an Investment, I consider 
this property superior to any I have ever offered In this market. 

HARVEY S. BROWN, 
Agent Decoto Land Company, 624 Montgomery street, Montgomery Block, next to 
the. Bulletin Publ ica tion Office. Dec. 24. 

CALIFORNIA JEWELRY COMPANY, 

Levlson Bros.. No. 13 1 Nutter street, San Francisco.—- Sole Atreni s for 
American Watch Company, National Watch Company, Howard Watch Com- 
pany, Charles E. Jacot Watches, Carter, Howkins & Dodd's Fine Jewelry, Merlden 
Britannia Co.'s and Rogers Bros. Plated Ware. Importers of Watches, Diamonds, 
Jewelry, Watch Materials and Tools, Optical Goods. Manufacturers of Jewelry, 
Diamond SetterB and Lapidarle». March 16. 

C. J. COLLINS, 

Hatter, Itlo.321 Itlonteoinery street, rear California street, under I. 
O. O. F. Hall. Masonic, Army and Navy Goods a Specialty. All goods Im- 
ported or manufactured by me are guaranteed to he of the very bCBt quality. Thank- 
ful for the large and increasing patronage bestowed upon me by the public, I hope 
to add to it by the superiority ot my work and the reasonable figures at which every 
article is sold. - June H9. 

OPERA B0UFFE! AIMEE! LIBRETTOS! SCORES! 

All the music, both vocul and instrumental, from the principal 
Comic Operas, as given by the Almee Opera Troupe, at the California Theater, 
published and for sale at [July p.] GRAY'S MUSIC STORE, 623 and 620 Cloy St. 



C" 



CHILD & TIBBEY, 



[E. S. TrBBBY. 



E. F. Child.] 

Stock Brokers, 503 California street, San Francisco, California. 
March 2. 

JAMAICA RUM, 

In Quarter Casks 30 Qr. Casks Hitch Proof— For sale In Bond or 
duty paid, by [Feb. 9.] AGARD, FOULKES & CO., 412 Front Btreet. 

OAKLAND MILITARY ACADEMY. 

The Ftehth Year will commence on Wednesday, July 26th, 1871. 
Address [Julyl.] REV. DAVID McCLUBTe, Principal. 

D. CALLAGHAN, 

Manufacturer of Oonnolly's Yeast Powders. Cream Tartar, Soda 
and Salseratue, til Front street, San Francisco. California. 
April6. D. CALLAGHAN, Proprietor. 



THE DAILY FINANCIAL POSTSCRIPT 



Avg. C 



OFFICE OF FINANCIAL FOSTSC&IJPT, 

San Francisco, 12 M., Aug. 6 f 1872. 



REPORT ON THE DIAMOND FIELDS, 

We call attention to the fnll test of the preliminary report upon the diamond 
fields, published in another column, made by Mr. 3fenry Janis, mining engineer 
and mineralogist, addressed to Mr. S. L. M. Barlow, of New York, one of the in- 
corporators of the San Franeiwo aad HTcw York Mining Company. We have 
withheld this report several days upon the suggestion that it might tend to excite a 
portion ofjonr restless population to a "rush" fordangere and dlfltculties of which it 
is plain that they have no adequate understanding. The report has, however, been 
read by so many flhat- we anticipate tile isBue of our new map of Arizona and New 
Mexico by its publication. One effect which should prove beneficial will be to 
dissipate the many imaginative stories which hsw been successfully pas in circula- 
tion during lbs short? period that the true story has been withheld. 



A Question af Law. 
A case arising out of transactions eoudueted through she medium of a 
broker was decided the other day in the Cowt of Queen's Bench. The 
question was as to the right of the seller, in the event of the insolvency 
of a broker with whom he has contracted, to proceed against the undis- 
closed principals after they have paid the purchase meney to- the broker 
to be delivered to- the seller in the ordinary course of business. The de- 
fendants contended, first, that they were no* in the position of uudis- 
closed principals; secondly, that, even if they were, they had honestly in 
due course of business paid them ; and, lastly, that there had been laekes 
on the part of the plaintifife. The Court held against the first and third 
of these defences, but gave judgment for the defendants on the strength 
of She second defence. 

Interesting Coal Discovery. 

An interesting discovery ef eoal of the ll cannel " variety is reported, 
of which a sample may be seen at the business office of Mr. Win. Burling, 
stock broker, on California street. The deposit from which the specimen 
is brought is reported to ostcrop m- seams of considerable magnitude and 
apparently great extent. It is said that it can be rained and delivered in 
the market at reasonable cost. QosA of this variety has- been worth in 
this market twenty dollars per ton and upwards.- If the discoverer's re- 
ports be verified, the new eoal field will prove of the first value to Cali- 
fornia and the development of various important interests-, 

i —-To-day is the last for applications for reduction of assessment be. 
fore the City and County Board of Equalization. .Last night there were 
1,500 applications before the board not acted upon. When this morning's 
session opened, the names of applicants were called in the order in which 
their applications were on file. This routine will be pursued throughout 
the session which will be prolonged till midaight. A failure gu the part 
of the applicants to he m attendance when their names are called will 
cause the rejection of their applications. 

—i ' Californians abroad are reported in the Paris -Am eri can Register of 
July 13th, as follows: At Paris, J. T. Best and wife, Miss A. Dows, 
Henry Norton, Miss C. Van Voorhies ; at London, the Misses Fallon, W. 
P. Fuller and wife, A. S. Lawndes r Mrs. W. Thompson and the Misses 
Thompson; at Geneva, Sirs. C. A. Peake and Mrs. Van "Winkle; at Ber- 
lin, Louis Wormser and family; at Baden-Baden, P. J. Hickcy, T. Wright; 
at Homhosrg-les-Bains,- Mrs. A^L. Barnes, Mrs. C. Keis. 

——■The North Pacific Transportation Company have declared a 
dividend, payable immediately. The Spring Valley Water Company and 
the California Theater Company will pay their usual dividends on the 10th. 
The Raymond & Ely Mining Company have declared a dividend of $7 per 
share, aggregating *210,980, payable on the 19th. The receipts from this 
mine last month were £345,000. There is believed to be a handsome sur- 
plus fund ou hand. 

The Young Men's Christian Association have elected the follow- 
ing named ofiftcea : President, E. A. LHwrenec; Vice-Presidents— Baptist 
C. V. Grey; Congregational, C. J. King; Episcopal, Wm. M. Cubery; 
Methodist, H. II. Blake; Presbyterian, J. H. S. Latham; Recording Sec- 
retary, John Dunn; Corresponding Secretary, A. S. Hubbard; Treasurer, 
B. F. Sherwood; Librarian, Rev. H. Cos, D. D. 

■ The following numbered warrants are now payable at the State 
Treasurer's office: General Fund up to No. 10,094, of June 20th, 1872; 
Capitol Fund up to No. 1,455, of September 5th, 1471; Military Fund up 
to No. 0.54S of April 10th, 1S72; Normal School Building Fund up to No. 
218, of July 5th, 1832, 

The Consolidated Gold Hill Quartz Mining Company have elected 

the following Trustees: G. W. Beaver (President), R. J. Morrow, M. 
Lewis, H. H. Flagg, Charles Forman. R. Wegener was continued as 
Secretary. There are 34 1-3 feet in the claim, which is at Gold Hill, and 
20,000 shares of capital stock. 

The Western Union Telegraph Company is constructing a new 
telegraph line between Watsonville and Santa Cruz. The crossing of the 
San Lorenzo river, a distance of 1,200 feet, will be made at one stretch. 
The masts to be used on each bank will he fifty feet iu height. 

■ ■ ■ The Merchants' Exchange Bank will hold a meeting to-morrow. 



' " Statements are made in Saa Jose of thfi discovery of deposits of 
superior marble cm the ranch of Dr. «P. P. Sargent, nearGilroy. Speci- 
mens are being worked and polished in that city. 

«»« " -The third vesae? loaded at Vallejo since Jnly 1st, oleared on the- 
3d instant for Liverpool. The fourth vessel eanse dewn from Vallejo on? 
the 4th instant, and another has gone to take the vacant berth. 



■ ■ ■ Mining interests in tftah are reported prospering. A number of 
sales of mining property have been reeentlv made at good eash prices- 
Besrdes the English, people from the Eastern States are taking holdv 

■ '■■ " ■The Yule Gravel Mining Company, which hss heretofjwe bcess 
dividend paying, has- levied an assessment of 25c per share, amounting tc 
$2,500, delinquent September 5th. 

—The hoisting works and shaft of the Redington QtdeksHver mine,. 
Napa County, were totally destroyed by fire on the morning of the 4th* 
instant. 

■•The supply of coin is the eity ha© been improved by a transfer of 
§500,000 from the Assistant Treasury to the Bauk of California on Satur- 
day. 



Diamondaira. 

"The sireetf" has occupied itself dnriag the past week with tales aad rumor* 
whereof diamonds, rubies and sapphires have been the burden. These have fruc- 
tified is the sending ont of one expedition to search for the precious stones, audi 
the formation of a 3econd mcorporation for She same object, entitled She ""Original 
Diamond Discovery aad Mining Company," with the following named officers ^ 
President, Charles Hosmer; Vice-President, W. I. Kjpp, Jr.; Treasurer, Robertf 
Sherwood*; Secretary, A. Treadwell; .tttorneye r Hoytf& Searls. The Trustees are c 
Charles Hosmer, W- 1. Kipp, Jr-, R. Sherwood,. B. J. Eley, Seifc Cook* Joseph 
Trench and M. D. Townsend. This Company, it is stated, propose to equip an ex- 
pedition ro set out under the guidance of as Arizontan, who engager to conduct it 
to diamond- or at IcasB ruby fields — which there fe no reason to doubt that he wilt 
be able to do-. MeanwhHe the red diamond discovery clannB its share of attention^ 
If is known that Mr. S. F. Butterworth secured a portion of stock by telegraph at 
an advance on the first price, $40 ; also,. that orders from New York for some snialB 
parcels of stock have been received, which have not yet been filled. Yesterday r 
one of the large "black diamonds" (as it was supposed to beyoi She Janta collec- 
tions was accidentally observed to be transparent, when investigation disclosed) 
the interesting fact that the stone waB a pure white diamond, concealed; by" a dark. 
lustrous coatings This circumstance had lent a new interest to the other "•black 
diamonds" of the collection, a number of which are among the largest stoneB of 
the lot. Another interesting fact, carrying ifcs own moraj— aad not an unimportant 
one— is this ; A returned Arizoaian hunted up a collection of stones which he had 
had for several years, and which he fell confident were gema of a valuable charac- 
ter. Amo»g others, he attached much interest to a large emerald which would be 
found among them. On examination his collection proved to he composed of 
some very interesting specimens of fluor spar and brown corundum. The emerald 1 
was green augite, and there was only onp ruby of inferior quality. The conclusion 
which appears So he rather strongly saforced by this incident is that prospecting- 
parties had better b« accompanied by a mineralogist who is so La aoaethhug more 
than ,i.i '.<>;. 

The I*ondon Money Market. 

Lokdok, Friday, July 12th. — Theme has been a sudden and considerable 
fall ia priees, more especially in railway stocks, which may be attributed? 
to a belief that the increase of cost of materiel for working railways wilB 
counteract the large increase on traffic returns. TheLondon and Brighton? 
Railway dividend is a disappomtrcent, and assisted the fell. Other stocks- 
have been a&ected by dealings for realizations and operations for the fall. 

Many vague opinions prevail as to the probable eilect of the enormous- 
French Loan. In well-informed quarters, however, it is believed that the 
balk of the total required will be supplied in France, where there is still 
great wealth, notwithstanding the losses througli the war. It is rumored 
that the Loan will be issued at &£ 1-2, or the same price aa that fixed for 
the Loan of £80,000,000 brought forward in June, 1871. The aerip of the 
proposed new bonds is dealt in both here and in the Faris Bonrse at 1 1-2 
preni., although the official details have yet to be published. 

New Yorlt Money Market. 
New Yctte, July 37th. — The increased activity in stocks is not yet 
euough to produce any perceptible effect upon the loan rates of money, 
which stay at 2 1-2 to 4, with transactions even as low as 1 1-2. Com- 
mercial paper remains at &I-2 to 7 for prime, according to time. It will 
not be many months before we shall have to show a stringency, however, 
and when it comes it will be real. 

The future of gold and exchange, and indirectly of money, de- 
pends very much upon the extent to which the gold demand from the 
continent is felt in London. The new French loan is 330,000,000 francs, 
or a little less than $600,000,000, at 84 1-2 per cent., of which 1§ 1-2 are to- 
be paid within six weeks to come, and 3 1-2 monthly for twenty months 
thereafter, thus extending the operation until next Spring. The Bank of 
England has lost lately about £2,000,000, and may expect to experience a 
further withdrawal ; to make good this it will look to the United States. 
"TheLondon Economist of the 10th says that the German Government i& 
increasing its new coinage very fast, and that " if they keep coming to- 
the London market exclusively they must take from us more than £2,- 
000,000 a month, which is more than even the current large rates of im- 
port." 

Miss Lottie Crabtree, the bright little actress, who is better known to 
all the world as simple "Lotta," arrived at Liverpool with her family 
from New York two weeks ago. 



/ 



At... 6. 



OF THK SAN FRANCISCO NEWS LETTER. 



DIAMOND NEWS. 

MR. HENRY JANIN'S PRELIMINARY REPORT. 

v w foBK, June 96, IOT2, 
.v / ■>(— Dstr Sir : Having rocoh i ii from 

If tsars TUonj di Retd tn esthnvtsj ol thsvalos >•( dhunoDd* and ratals* 
collected bj ua on oar recent trip to lbs. sen diamond fields, l am mm 
prepared to make and borawltfa do makt h praHmrean report, which will 
embrace the eoncloatona t<> be raaobed In ■ more detailed report, and 
which ihonld 100100 t.> detarmlne any proposed purchase »-f stock, t'> 
make or dtdim- the investment. 

THE AMOINT OP GRAVEL WASHED. 

While at the diamond fields, there was washed ol rleh gravel less than, 
bat -;iv tb roe thousand poinds, orona and 1 half tons. Thla amount of 
hv Messrs. Stack and Arnold principally, tbe only experi- 
enced washer*, isalsted at Umei bj myeeif and other members ol the 
The total smonnt ■ >( work done was under, bnt Bay four days 
wore ol two men, or elghl daya work 0! one man. 

This amount of labor produced 966 oarata of diamonds, hrst quali^r, 
worth |16 per carat, or 94.096; . r >t;s carats diamonds second quality, wortb 
nt $;* per carat, *i,704; BM carats, worth $5,800. Further, of rubles, fonr 
pounds, <>r 7,200 carats, worth tifty centB per carat, but estimated at 
thirty cents— (3,926, Total produce of one and a half tons of gravel, 
. or »6\850—eay 66,000— per ion. 

A MODERATE ESTIMATE. 

The estimate was made on a conservative, commercial and selling 
basis, and Ignored the fact that while none of the diamonds were worth 
less, manj were large enough to be worth much more per carat than Slb\ 
The estimate opon the rabies was made with due regard to the great 
quantity in whlen they can be produced and to the eflect of this quantity 
npou the market. 

The washing was done by hand, In ordinary pjold pans. With the 
asslstaoce ol even the simplest machinery (gold-rockers), the results of 
the same quality <>f gravel would have been Increased many fold by the 
sunn- number of days work. One thousand tons of such gravel as* this 
would produce 660 per share, and would more than cover the purchase 
price and expenses 0! production. Gravel so poor as to produce in value 
unlv one i- r cent, "f the ascertained value of the richest gravel would still 
be 'worth $50 per ton, and would pay very large profits, if washed in 
quantities, 

THE EXPENSE OP WASHING 

Would never exceed $10 per ton. An acre of ground covers 43,5130 square 
teet, and with an average depth of soil of one foot would produce {at 
twenty cubic feet per ton) over, but say 2,000 tons. Therefore, if the 
ground prove as rich over only one-half acre of ground, as the stun' 
washed already, this small area will produce 1,000 tons, and would more 
than cover by its yield of diamonds and rubies the purchase money. 

if ffn acres only, which would furnish 20,000 tons, prove to be one- 
twentifth (five per cent.) as rich as the best ground, the produce will 
amount to $5,000,000, or $50 per share. 

Now the company own — 

1— Oue block aronnd discovery of. 160 acres. 

2 -One block of. 3,720 acres. 

8— One block of 100 acres. 

Total 2,9S0 acres. 

The tirst block alone, with a depth of gravel of one foot,- would produce 
320,000 tons; last ten years washing, 100 tons per diem. It is evident, 
therefore, that for all practical purposes, it is sufficient to confine our at- 
tention to the first block of 160 acres, which, as far as known, contains 
the best ground- 
Oar stay at the diamond-fields was so short (we were in camp at the 
fields only seven days) mid there was so much to be done in the way of 
bleating, "surveying and securing the property, water rights and timber 
lands, that it left me much less time than I desired in which to prospect 
and sample this tract of ground. To prospect the whole tract of nearly 
3,000 acres would occupy months. 

THE AMOUNT OP PROSPECTING DONE. 

1 had only time to gather samples from those portions of the 160-acre 
block of ground which arc marked on the accompanying plat. At each 
one of the points numbered diamonds and rubies were found, as per in- 
closed samples. These poiuts were over one-third of a mile distant from 
the original discovery, and show a very large area to be diamond and 
ruby-bearing. 

The samples were taken from the surface. It is prabable that at a 
greater depth larger diamonds would be found. The amount of prospect- 
ing done was insignificant, and does not enable me to form a judgment 
as to the extent or limits either of the very rich or only moderately rich 
ground. I have already shown that it requires 

ONLY ONE-HALF ACHE 

Of the very rich ground to repay the purchase money, and also that if the 
whole 160-acre tract will produce gravel of an average value of one per 
cent, of the value of the one and a half tons washed (£5,000 per ton), it 
would furnish au immense value in diamonds and rubies. 

I wish to call particular attention to the samples and points in the plat 
marked 9 and 10. No. 9 is from the point where the last gravel washed 
was taken from (a large sample of which accompanies this), and where 
the broad gulch has received the drainage and products of decomposition 
(diamonds, rubies and gravel) of the sandstone and cement beds above. 
No. 10 is from the surface soil down this gulch for a length of over 300 
yards. I believe that this gulch will be found to be extremely rich in pre- 
cious stones, and the few experiments made confirm this belief. 

I desire particularly to Impress upon the mind of any proposed pur- 
chaser that I am not in a position to say, owing to the limited time al- 
lowed me for prospecting the ground, how extensive the area of rich 
gravel is, or how much of the tract will be found available and profitable 
for washing. My report must necessarily be unsatisfactory and incom- 
plete ou these points. Nevertheless, the. investigations made were satis- 
factory as far as they went, and no evidence was gathered which could 
authorize me to do other than to recomend investment at the price sub- 
mitted to me for consideration, of $40 per share. It requires that so small 
an area should prove very rich to cover the purchase-money, and the 

GREAT RESULTS OBTAINED BT US 

Were so easily obtained with so little labor that I feel perfectly safe in ex- 
pressing the belief that the amount of the purchase-money will be speedily 
repaid in dividends, to be followed by large additional profits. The ap- 
prehension that diamonds may be found in such an abundance as to destroy 
their value, is, to my mind, entirely without foundation. The question of 
water is satisfactorily answered by the statement that we secured five 
streams, being all we found on this side of the mountain. The Arnold 
creek alone (and two of the others are much larger) will suffice for all 
demands for power and washing for any amount of machinery and any 



Dumber oi bona of dallj waablogi <»f gravel. Wa Moored also %.'() acres 
Umber land, ample fur nil lime for fencing and Tor flume* and 

bnUdtnga •team-power will never b* neasasary. The stream* of water 

Itnalad that they can ba eajilad ho any pari of the property at a 

v mining dlatiict was rbrmi d and mining lawa passed 

to protect our tntareata, In conclusion, 1 would &ay that I consider thin 

A WONOEKPl l.LY BJCB DISCOVKKY, 

And one that will prove extremely profitable. That while I did not have 
time enough to niiike the investigations which would have answered very 
Important natations, I do ootdoubt t lint further prospecting will result 
in finding diamonds over a greater area th»n is as yet proved to bedla- 
anond-bearlng; and finally, thai 1 eonaldw aoytnveetmentntltf parebare, 

or at the rate of $4,000,000 for the whole property, B safe mid attractive 
one. Very truly, your obedient servant, Hknky Janin, M. B. 



OUR RAILS. 

The "Financier" on the Atlantic and Pacific Railroad. 

The New York Financier divides with the Financial Chronicle the honor of be- 
ing the leading American money organ. In its Isene of July 27tb, nndcr the cap- 
tion of " A Monetrona Railroad Job," the Financier has the following : "The 
Atlantic and Pacific Railroad, designed to connect St. Louie and San Krancuco by 
11 line of i\400 miles in length, has just leased the Missouri Pacific for I»09 years, or, 
it might us well be said, in perpetuity, agreeing to pay ten per cent, on the present 
Block of $3,tih0,000 for three years, twelve per cent, for two years, and fourteen per 
eent. for the remainder of the term. Other reports have stated the conditions of 
the agreement differently, bnt this is probably correct. In view of this agreement 
to pay heavy dividends, and the fact that a strong effort has been lately made to 
secure aid from St. Louis and Sao Francisco, it becomes an Interesting matter to 
examine into the Atlantic and Pacific leviathan. The St. Louis Iiejtublian thinks 
it enough to say that no road was ever commenced in this country with more bril- 
liant prospects ; that it runs, or is to run, through a moat productive region full of 
mineral wealth, south of the snow line, and so free from costly Winter interrup- 
tion, that 'as an inevitable consequence, it wUI always be the great through high - 
way for Asiatic and California trade, while the richness of the country Uirough 
which it passes must bnild up prosperous States and wealthy and vigorous towns 
along the line ;* and then follows the predictions that in two years after its com- 
pletion it will be the greatest through railroad in the world. This has a famllia r 
sound, and we recognize it as an old acquaintance; it is a part of tbe glowing 
prospectuB which has been unremittingly in service for a dozen years past. The 
city of St. Louis has the perpetual delirinm on the subject of future greatness 
which JB apt to seize upon cities that once get the notion that they are in tbe great 
pathway of the world ; she dreams of becoming the great metropolis of the con- 
tinent, but an easy loaning of municipal credit is not the way to achieve greatness, 
and St. Louis and San Francisco both will do well to take an earnest pause before 
they become surety for any railroad. 

The Atlantic and Pacific Road, which thus lightly assumes a heavy obligation, ia 
an incomplete one. It is quite an old corporation, chartered by Congress, which 
give it, in I860, a grant of land from Missouri to the Pacific, amonntingto a strip 
abont forty miles wide between Missouri and California. The original charter was 
in 1849, and in 1851 the road received $2,000,000 from Missouri and a grant of 1,200,- 
000 acres from Congress. The following year Missouri gave another million, and 
St. Louis county $1,200,000 more in 1853; then the road went into John C. Fre- 
mont's control, and nest the two projected lines melted together into the present 
Atlantic and Pacific. There are 328 miles of road built, at a cost of $15,719,486; the 
total debt is $31,040,522. The net earnings from July 1, 186S, to November 1, 1870, 
twenty-eight months, were $611,860; the bonded debt, $13,033,133, requires, atseven 
per cent., $912,319 a year for interest. The gross earnings for the first four months 
of this year are reported at $342,668, or at the rate of $1,028,004 a year. The Com- 
missioners who have the management of the loan in charge Bay that the preferred 
stock is to bear interest, payable in the common stock, and the San Francisco 
News Letter., which savagely opposes the scheme, urges them to charter the largest 
printing-house in California, as they will need it in order to print stock certificates 
enough for the purpose. It also declares that the land grant is forfeited altogether, 
as the required length of road has not been completed; and that $3,500,000 of pre- 
ferred stock— which poBsibly belongs to the managers— is to be called in as soon 
as they get the $15,000,000 of bonds from San Francisco. The News Letter wants 
also to know if the building of a single track within Missouri has virtually cost 
nearly $100,000 a mile, what the cost will be when the mountains and deserts of the 
interior are reached T 

If these statements are true, and we have at present no reason to discredit them» 
the Atlantic and Pacific is a very interesting concern. For a distance of about 
forty miles from St. Louis, it rnns over the same track with the Missouri Pacific; 
then they diverge, the latter going due west, and the former striking off to the 
southwest. There seems to be no good reason, therefore, why the two roads should 
be united, as they have been pnt wide aBnnder. Bnt the managers of tbe Atlantic 
and Pacific seem to have devoted themselves, at least since 1866, to stockjobbing 
rather than to build the road. To say that stockjobbing is the great curse of rail- 
roads is trite, and railroad managers have discovered that it is not necessary, for 
jobbing purposes, that the paper securities should possess any real value or any 
considerable market value; an unlimited supply of certificates at a nominal figure 
doeB as well as a small supply at a substantial price. So the jobbing begins before 
a road is half built and runs all along through, from which the unfortunate and 
shameful fact that the enterprises which have done more than anything else to 
develop the resources of the United Stales are generally a wretched financial failure 
to the people who honestly contributed the money to build them as an investment. 



The Washington (Mariposa) Mine. 

The shaft on the ("Washington (Mariposa) Mining Company's claim is 
now down 220 feet. This shaft was commenced by Flint, Peabody & Co., 
who formerly owned and worked the mine for about fonr years, between 
1858 and 1862. They sunk the shaft a little over 150 feet, but encounter- 
in^ what is termed in miners' parlance a "horse, 1 ' which crowded or 
winched out ne?-Iy the entire vein, they abandoned the work. Mr. Weber 
took hold where they left off, a few months since, and in sinking twenty 
feet came upon tbe vein several feet in thickness. It continued to widen 
as the shaft descended until now it is nearly or quite fifteen feet in thick- 
ness and the ore glistening with sulphurets. From the prospect in the 
batteries there is no doubt that the past week will show the best ran ever 
made at the mill. The mine 1ms been yielding well for several months. 



THE DAILY FINANCIAL POSTSCRIPT Aug. 6. 






TIME TABLE. 



Commencing Monday, April 29, 1872, and until Further Notice, Trains 

and Boats will leave San Francisco 

*7 fi H A ^- Overland Express Train for Sacramento, Marysville, Red Bluff, Colfax, Reno, Ogden and Omaha. 

Qf)[\ P. M. San Jose Passenger Train, stopping at all Way Stations. 

A Hfl P- -^- *Passenger Train for Stockton, Merced and Sacramento. 

p nn p. M. Overland Emigrant Train. Through Freight and Accommodation. 

w nn A. M. Steamer New World (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

A fifl **• **• "Sacramento Steamer (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

QfinP. M. "Steamer Antelope (from Broadway Wharf), connecting at Donahue with Trains of S. F. and N. P. R. R- 

8(\ A A. M. Excursion Boat (Sundays only), from Broadway Wharf, connecting with Special Train of S. F. and N. P. 
• UU Railroad for Cloverdale and intermediate points, returning to San Francisco by 7.00 P. M. 

Oakland Branch.-Leave San Francisco 7:00, 8:10, 9:20, 10:10, 11:20 A. M., 12:10, 1:50, 3:00, 4:00, 5:15, 6:30, 8:15, 
9:20 and *11:30 P. M. (9:20, 11:20, and 3:00 to Oakland only.) Leave Brooklyn *5:30, 6:40, 
7:50, 9:00 and 11:00 A. M., 1:30, 2:40, 4:55, 6:10, 7:55 and 10:10 P. M. Leave < akland *5:40, 6:50 
8:00, 9:10, 10:00 and 11.10 A. M., 12:00, 1:40, 2:50, 3:50, 5:05, 6:20, 8:05 and 10:20 P. M. * 

Alameda Branch. -Leave San Francisco 7:20, 9:00, 11:15 a. m., 1:30, 4:00, 5:30 and 7:00 p. m. (7.20, 11.15 and 5.30 
to Fruit Vale only. Leave Hayward's *3.45, 7.00 and 10.45 a. m., and 3.30 p. m. Leave Fruit 
Vale *4.40, 7.35, 9.00 and 11.20 a. m., and 1.30, 4'05 and 5.30 p. m. "Except Sundays. 

A. N. TOWNE, General Superintendent, 
T. H. GOODMAN, General Passenger and Ticket Agent. 

PACIFIC MAIL STEAMSHIP COMPANY. 

^i • i^ 

©tattle nf fltohettolM— V<mp tapira ni iMia, 

Regular Mail Steamer leaves Wharf, corner of First and Brannan streets, on the first of every month, punctually at 
noon, for YOKOHAMA and HONGKONG, connecting at Yokahama with the Company's Branch Line for SHANG- 
HAI, via Hioga and Nagasaki. When the sailing date falls on Sunday the steamer will sail the preceding Saturday. 

From May to October, inclusive, an Extra Steamer will be dispatched on the 16th of every month. 

August 16th, Steamer 

COLORADO, Capt. "Warsaw. 

August 31st, Steamer JAPAN, Capt. Freeman. 
I^OH IYE2TV YORK, via I^JX^M^. 

IN CEEASED SERVICE. 

Leave punctually at 12 o'clock noon on the 3d, 13th and 23d of each month for Panama, and connecting, via 
Panama Railroad, with one of the Company's splendid steamers from Aspinwall for New York- Beginning August 13th 
all steamers touch at San Pedro and San Diego. 

August 7th, Steamer ARIZONA, Captain Farnsworth. 

CALLINC AT ACAPULCO. 

L T ntil further notice steamer of the 13th will connect for Central American Ports, viz : Champerico, San Jose de 
Guatemala, Acajutla, La Libertad, La TTnion and Punta Arenas. Steamers of the 13th and 23d will call at Mazatlan 
and Manzanillo, and all steamers at Acapulco. 

Through tickets sold to and from Liverpool, Queenstown, Southampton, Bremen, Brest, Havre, Hamburg, Stettin, 
Copenhagen and Norway. Apply at the Pacific Mail Steamship Company's office, at Wharf, cor. First and Brannan sts. 

EJL,r>I5ir>GE & IRWIN, Agents. 






OF THE SAN FKANCISCO NEWS LETTER. 




ENTERING THE PALISADES. 

670 miles from San 1'iaiicbco — Altitude 4,800 feet 



ALCOVE IN PALISADES, 

1j7."j miles from San Francisco — Altitude 4,800 feet. 




FIRST CONSTRUCTION TRAIN PASSING THE PALISADES 

673 mjleB from San Francisco— Altitude 4,800 feet. 



PALISADES ACROSS CANYON. 

680 miles from Sim Francisco— Altitude 4,800 feet 



THE DAILY FINANCIAL POSTSCRIPT. Aug. 6. 



THE BANK OF CALIFORNIA. 

S-A.3J0- PHANCISCO. 

Capital, - - ■ | ■ ] " - $5,000,000 

D. 0. MILLS, President. T W. C. RALSTON, Cashier. 

In New York, Messrs. Lees and Waller; in Boston, Tremont 
National Bank; in London, Oriental Bank Corporation. 

2^" The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
of the Pacific Coast. 

E<iettera #i Chra^lt Issued? 

Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan and Australia. 

Exchange for Sale on all the Atlantic Cities. 

X>K.ATT DIRECT OW 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frank for t-on-ttae-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AND SAN FRANCISCO B Altf K 

IjIMITRD. 

With which has been consolidated the business of 

PARROTT 4& OO. s Bankers, 

SAN FRANCISCO, CALIFORNIA. 



C£ix)it£il, - - 85,000,000. Reserve H^VLXXci, 9300,000 



Of which $3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

SAN FRANCISCO OFFICE, 433 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodcwald, Esq., Chairman; H. L. Bischoffsheim, Esq. (Messrs. Bisclloll'slieim & Goldsclimidt) ; J. F. Flemmich, Esq. (Messrs. F. Hnth 

&Co.); E. H. Green, Esq. (Messrs. Russell nud Sturgis, of Manila); Julias May, Esq. (of San Francisco), Frankfort-on-thc-Main ; 

J. S. Morgan, Esq. (Messrs. J. 8. Morgan & Co.) ; Baron H. de Stern (Messrs. Stern Brothers) ; Rudolph 

Sulzbach, Esq. (Messrs. Sulzbach Brothers), Frankfort-on-the-Main. 

Manager in London : - - - R. D. PEEBLES, Esq. 

Beetetwry- B IAMBS M» giSM&f Effi s 

President is Sas 3fa?aao£soa s M1L»T0EST So EJlTIljlllL 

Assistant Manager (San Francisco', C AMIiO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, ........... ALFRED BANNISTER. 



The Bank in prepared to transact all kinds of Genera] Banking and Exchange Bnsiness, in London and San Francisco, and between said Cities and all parts of the 
world. The San Francisco Office- s authorized to draw Bills of Exchange or issne Letters of Credit anon either of the under-named Founders and Proprietors of the 
Bank, or (at the option of the buyer) npon the following Houses, with whom the Bank has established credits, viz : LONDON— The London Joint Stock Bank, No. 5 
Princess Street : Messrs. BtschotTsheitu, Ooldschmidt & Co.; Messrs. Fruhling & Ooschen ; Messrs. Frederick Hnth & Co.: Messrs. J. S. Morgan k Co. (successors to 
Messrs. George Peabody i- Co.) ; MesBrs. Stern Brothers. NEW YORK CITY— Messrs. Drcxel, Morgan & Co., 53 Exchange Place. BOSTON— Third National Bank. 
PHILADELPHIA— Messrs. Urexel & Co. PARIS— Drcxel & Co.; Bischoffsheim. Goldsclimidt* Co.; Messrs. A. J. Stern * Co. FRANKFORT-ON-THE-MAIN -Mr. 
Genrafiet Snlzbach ; A. J. Stern & Co. GERMANY— Bank of Saxe Meiningen. AMSTERDAM— Bannue de Credit and Depot des Pays Bas. ANTWERP— Nottebohn 
Brothers : F. H. Bisehoil'shi-im. HAMBURG— lohn Burenbere, Gossler & Co. BERLIN— Deutsche Bank Actien Gesellsihnft. GENOA— Dapples & Co. NAPLES 
and FLORENCE— Anglo-Italian Bank. VALPARAISO and LIMA-Fred. Huth, Griming & Co. MANILA— Russell i: Stargis. CHINA and J A PAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Anstralia; B ink of New South Wales. IRELAND— Provincial Bank of Ireland, 
and all its branches, viz: Dublin, Cork, Limerick, Cloninel, Londonderry, Sligo, Wexford, Belfast, Waterford, Gulway, Armagh, Athlone, Coleraine. Kilkenny, Ballina, 
Tralee, Yonghal. Ennlskillen. Monughan. Banhridge, Ballymena, Parsonstmvn, Cavan, Omagh, Dungannon, Baudon, Ennis, BallyBhannon, Strabane, Dungarvan, Mal- 
low, Coolehill, Kilrush, Skibbcreen, Ennischorltiy, Fermoy, Newry, Drogheda, Nenagh, Templemore, Carrick-ou-Suir, Carrick-on-Sbannon, Clogheen, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID TO SELLISG CALIFORNIA SEOTJEITIES IN EUROPE. 

Collections, Purchases of Real Estate and Mining Shares, and Investments of all kinds in California. 

MILTON S. LATHAM, President. 



BEIV. HOLH^kJD^Y, President, 

ga» Uxaaciscoc 

WM. NOEEIS, Vice-President, San Pranckco; HOLLADAT & BEEHHAM, General Agents, San Francisco. 
Dispatch Steamers to the tollo^viiigr places. 

lostteia Route e 

Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

Southern; Route?, 

Santa Cruz, Monterey, San Simeon, San Luis Obispo, Santa Barbara, Los Angeles, Anaheim, San Diego, Etc. 

Mexican Seal©,, gleameE e^esy P®rty Bays s 

Cape St. Lucas, Mazatlan, San Bias, Gnaymas, and La Paz. 

OFFICE s 217 Sansome Street, San Francisco. 

The Premium Shirt Maker, Mrs. EVELINE MORRIS, 526 Kearny Street 




Price, stogie w»pT, J oenta ; per Week, 
25 cents ; per Annum, including Foatago 
to any part c/ the world. Twelve Dol- 
lars. Printed and Published by Frederick 
Marriott, No. 623 Montgomery Street, 
San Francisco, California. 



Delivered immediately on the arrival of 
the mails in Now York, Liverpool, London, 
Paris, Hamburg, Frankfort, Berlin, Suez, 
Alexandria, Yokohama, Shanghai, Hong- 
hong, Melbourne, Auckland, Sydney and 
Islands of the Patriae Ocean. 





[Established July 20, 1856,] 



attest flcics farm (Dut §iaM0ndi fpucs in §t\v |gexiw m& Jteonx 



Dispatched 


Daily 


by 


the 


31u i/s to every Monetary and 


Commercial Center 


th 


roiif/hout 


the 


World 




Vol. 1. 








SAN FBAN0IS00, 


WEDNESDAY 


AUG. 


7, 


1872. 








Ne, 


15. 



OFFICE OF FINANCIAL POSTSCRIPT, 

San Francisco, 12 M., Aug. 7, 1872. 



BULLION, MONEY AND EXCHANGE. 

r\ OLD BASS, 860 to 70. Silver Bars. 1 1-4 Discount. Treasury Notes 
\J are soiling at 87 to 87 1-2. Mexican Dollars, from 8 to 8 1-2 pre- 
mium. 

EXCHANGE ON NEW YORK, 1-2 per cent prem. for Gold; Currency, 
14 1-4 per cent On London: Bankers, 49; Commercial, 49 1-2; 
Paris: 5f. per dollar. Telegrams, 1. 

PRICE OF MONET HEBE, 1 to 1 L4 per cent per month— Bank rate. 
In the open market 1 to 1 1-2 per cent per month. The demand is 
active. 



SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



SHARES. 

Ophir H5 

Do 60 

Do l» 

Best and Belcher... 10 

Savage 45 

Do ~ 10 

Do 1" 

Chollar 150 

Hale esNorcross... 40 

Do .... W 

Do •■•- 10 

Crown Point. 

Do 

Do 

Yellow Jacket 195 

Do 40 

Do 10 

Imperial 1450 

Do 50 

Empire 225 

Alpha '5 

Do 50 

Cons. 3. H. Quartal*20 

Kentuck 35 

Belcher 345 

Do 00' 

Do 10 

Confidence 1070 



10 
50 



low. Hion. 

45« 47 
.... 080 48 
.... M0 46 

6X 

ISO 18! 

.... b30185 

.... 05 .62 

104 105 

80 

.... M0 90 

.... D5 90 

139 144 

.... 1)3 141 

.... elO 140 

135 140 

.... bSO 141 

.... 03 140 

14X 15 

.... b30 15 

17 17 % 

65 

.... b30 67 

8 

275 

124 

126 

.. b5 122X 



121 

< 125 



14 



14J4 



Cons, Virginia 195 

Sierra Nevada 95 

Daney 20 

Do 100 

Exchequer. 85 

Seg, Belcher 15 

Do 40 

Justice 210 

Oaledonia 190 

Do 85 

Do 50 

Globe 100 

Baltimore 275 

Bacon 50 

Julia 190 

Succor 100 

Knickerbocker 895 

Do 5 

Trench 120 

Do 100 

Bowers 55 

Bait. American — 500 

Central 30 

Eclipse 418 

Cook & Gayer 50 

Phil Sheridan 115 

American Flat — 150 



1. LOW. 


HIGH. 


36 


37 


15X 


16 




2JS 


.... b5 


2X 


23 


23 Vi 




122* 


b30 125 


126 


15 


15 H 


69 


70 


bSO 71 


72 


.... M0 


70 




2« 


8* 


3X 




81 


6« 


6X 




5 


8X 


9 


.... b5 


9 


20 


20X 


.... bSO 


20 




13X 



18 
70c 



10 

is a 



1 
sne 



At the California Stook Exchange Board. 



SHARES. LOW. 



Alpha 10 

Confidence 200 

Condor 100 

Cr. Point Eavine... 300 

Eureka Cons 10 

Hale & Norcross. . ■ 30 

Imperial 10 

Ingomar 200 

Knickerbocker...-. 20 

Louise 100 

Meadow Valley..-- 80 
Newark 266 



13X 



14X 

IX 

9 

2X 
16 

2X 



SHARES. LOW. 



Ophir 10 

Pea Vine 200 

Do 100 

Pioche W 

Do 10 

Page & Panaca — 50 

Do .... 20 

Re venn e Cons 700 

Sierra Nevada 50 

Do 30 

Yellow Jacket 50 

Wash. & Creole... 10 



HIGH. 

47 
1% 
b3 IX 

31 
S30 31 

2i! 

b30 3 

OX 7 

16 H 

B30 16 

140 

5 



LATE ST TELECRAPHIC N EWS. 

LONDON, J.VG. 7. 

United States 5-20 Bonds, 91X. I Liverpool WheatMarket,lls.8d. 
Consols 92X@92X. 

NEW YORK, A.XTO. 7. 



Gold opened at 115J£ ; 11 a. n, at 115X. 

Sterling Exchange, 10»^'®110. 

Flour, — . 

Pacific Mail, 74=,;. 

Wells, Fargo & Co.. so*. 

Oil, Sperm, quiet, $1.3S<»$1.40; Win- 
tor Bleached, jl 60@$1.G6 ; Whale 
firm, 70c@— ; Winter BlcHched, 
79@75. 

Hides, drv, 43X@24yc; eall<'d,12@12X. 



United States Bonds — Five-twenties of 

1862, 11G>; 1867, 115J<. 
Wheat, — 
Barley, — 

Quicksilver Mining Company, 42Jii. 
Cotton, quiet, 21J£c. 
Wool, Spring, fine, 38@4Sc; Burry, 30® 

35c; Pulled, 5O@60c;FauClips, 32® 

37c Burry, 20®25c 



YESTERDAY AFTERNOON SALES 

At the California Stock Exchange Board. 



SHARES. LOW. 

33* 

4 



. 50 
.810 
. 50 
. 10 
. 60 



Alps 500 

Do 300 b30 

Adam's Hill 200 

Do 

American Flag 

Do 

Do 

Bowery...." — 

Belmont 1475 

Do 100 

Con, G.H.Qz 210 

Condor 215 

Chapman 260 

Chief of the Hill... 50 . 

Oaledonia 50 

Eureka Cons 820 

Do 350 b30 

Golden Chariot.... 400 

Ivanhos 300 

Independent 200 

IdaElmore 100 

Meadow Valley... 1525 
Do ...100 



HIGH. 
4 

4« 

n% 

3 

20X 

son 

2o>; 

2X 

7X 

Vi 

2X 
556 
66 a 
23.* 
24 
12 
5 
IX IX 

.. 030 18 
15% 16 
.. 1)3016 



.. M0 
1954 
.. blO 
.. b3 

7 

.. 1)30 
7X 
8X 



66 
23 ii 



iox 



SHARES. 

Meadow Valley.... 200 

Mahogany 140 

Do 10 

Do 50 

Minnesota 25 

Mocking Bird 50 

Do 250 

Newark 80 

0.H, Treasure ....100 

Pea Vine 650 

Phamix ."■ 510 

Pioche 265 

Do 50 

Page & Panaca 240 

Raymond 4; Ely... 204 
Do .... 10 

South Chariot 300 

Savage 55 

Do W 

Trench 260 

War Eagle 50 

Wash'ton & Creole.510 
Do ..300 



.OW. HIGH. 

... s30 15% 
16X 17* 
... S3 17X 
... bSO 17* 
IX 
2 
... bSO 2 
2X 
7X 
IX 
5« 
31 

31* 
2X 
158X 160 
.... b30 162 
2*f 2X 
180 188 
.... b30 187 
19* 20 
7 
5X 5X 
b30 5>j 5X 



1 

5 
30X 
... 1)30 



At the San Francisco Stock and Exchange Board. 



SHARES. LOW. 

Arizona and Utah.. 40 .... 

Baltimore 50 

American Flag — 20 — 

Condor 100 

Caledonia 20 66 

Globe 25 

Hale & Norcross... 10 — 

Do .... 10 .... 

Huhn&Hunt 50 

Do .... 50 .... 1 

Imperial 100 — 

Ophir 90 s30 46 

Do I 5 46 -* 

Page & Panaca — 100 



Do 



.100 



HIGH. 
2 

ay. 

21 
3* 
66X 
2X 
92 
c 91 
b5 4 
03 4 
14!i 
47 
47 
2X 
s30 2X 



New York 160 

Mahogany 60 

Do 10 

Meadow Valley — 70 
Do ....100 

Do ....150 

Pea Vine 100 

Phamix 220 

Raymond & Ely... 10 



LOW. 

1« 



Do 10 

Seg. Belcher 5 

Silver Cord 100 

Wash'nai Creole.. 150 
Mocking Bird 287 



HIGH. 

IX 
18 
.... 030 19 
.... DS0 16* 
.... 05 16 
15X 1534 
1!S 
4X 5 

158 
182X 
.... 810 183 
123 
50 
.... b30 5X 
.... b80 2X 



— — Wells, Fargo & Co. are enlarging their offices. They have taken 
possession of the three-story building adjoining their premises on the 
north. . j 



Subscribers in Advance to Financial Postscript can have their Copies Mailed Free from the Office 



THE DAILY FINANCIAL POSTSCRIPT 



Aug. 7. 



FIRST NATIONAL GOLD BANK OF SAN FRANCISCO, CAL. 

Pj»i<I u|i <-ipitaI.M..Kio.ou(), Gold. President. «>e«i. I .Hooper: Vice- 
President, Samuel Hort ; Cashier, N.K.Masten. Directors— Geo. F. Hooper, 
Peter Donahue, Cnarles G. Hooker, M. P. Jones, James Moffitt, James C. Flood, 
EdwardMartin.D.Callaglian, Samuel Uort. New York Agents— Jay Cooke & Co. 
London Agents— Jay Cooke, McCnlloch & Co. Exchange for sale on the principal 
cities of the United Stales, Great Britain and Ireland. Commercial Credits issued 
available In Europe, China and Japan. This Bank is prepared to transact a general 
banking business. Deposits in Gold, Silver - and Currency received Bublect to check 
or on special deposit. Collections attended to and prompt returns made at the low- 
est market rate of Exchange. May 4. 

~ THE BANK OF CALIFORNIA, SAN FBANCIBCO. 

Capital. 89,000,0oo. I>. O. .Mill*. President: IV. f. KnlMou, Onsliier. 
AGENTS— In New York.MeserB. Lkes & Waller; in Boston, Tremont Na- 
tional Bank ; in London, Oriental Bank Corporation. Letters of Credit issued, 
available for the purchase of Merchandise throughout the United States, Europe, 
India, China, Japan and Australia. Exchange for sale on the Atlantic Cities. Draw 
direct on London, Dublin, Parte, St. Petersburgh, Amsterdam, Hamburg, Bremen. 
Vienna, Lelpsic, Sydney, Melbourne, Yokohama, Shanghai, Hongkong, Frankfort- 
on-the-Maln. March 28. 

FRENCH MUTUAL PROVIDENT SAVINGS AND LOAN SOCIETY. 

Twenty -fifth »ciui-A.ii mini l>ivldeitd.—A Dividend of Wine per cent. 
per annum net (9 per cent.) upon the operations of the French Savings and 
Loan Society lor the six months ending June yytb.ie.72, has, in conformity with the 
report of the Committee of Verification appointed by the members of the Society, 
been declared by the Board of Administration, at the Scml-Annnal Meeting held on 
the ltith instant. This dividend will be payable on and after the ibth lnstant.at the 
office of the Society, 411 Bush Btrcet. GUSTAVE MAITE, 

July 20. Dir ector of Fren ch Savi n gs Ban k. 

GERMAN SAVINGS AND LOAN SOCIETY. 

Guarantee Capital, 8300.000 Office 512 California Street, South 
side, between Montgomery and Kearny streets. Office Hours, from 9 a-in. to 8 
p.m. Extra hour on Saturdays from 7 to 8 p.m., for receiving ot Deposits only. Loans 
made on Real Estate and other collateral securities, at current rates of interest. 
Ghorgk Lettb, Secretary. [Jan. 2a.] L. GOTTIG, President. 

DIVIDEND NOTICE. 

The (■tini.iii Saving* and Loan Society The Board of lUreetorn of 
the Society have declared the dividend for the six months ending June SOth, 
1812, at the rate of (9 8-5 per cent) nLpc and three-fifths per cent, per annum on Term 
Deposits, and (8 per cent.) eight per cent, per annum on Ordinary Deposits, free of 
Federal tax, payable on and after Monday, the lith July. By order. 
July 6. GEORGE LETTE, Secretary. 

REMOVAL. 



SECURITY SAVINGS BANK— GUARANTEE CAPITAL, $300,000. 

Officers: Prentideiit, John Parrott; Viee-i»re*lden t. Henry S. Bab- 
cock: Secretary, T. F. Bacon; Attorney, Sidney V. Smith. Loans mode on 
Real EBtate and other Approved Securities. Offlce : No. 304 SauBome street (Frled- 
landcr's Building), opposite the Bank of Ca liforni a, San Francisco. Oct. 14. _ 

SAVINGS AND LOAN SOCIETY, 



i»-| Ck Clay street, Snn Francisco, July 9lb, 1H7S. 

\) _!_«./ Board of Directors, held this day, a Dividend of Nine per cent, per annum, 
for the six months ending June 3uth, IS. 2. was declared on all deposits, free of Fed- 
eral Tax, and payable on and after MONDAY, July 15th, 1872. 
Jnlyau. CYRUS W. CARMAN Y, Cashier. 

DIVIDEND NOTICE. 

Snn Fran cIkco Saving* Union, 1132 California street, corner Webb— 
For the half year ending with LOih June, 18,2, a dividend bas been declared at the 
rate of nine and six-tenths (y 6-1U) per cent, pel' annum on Term Deposits, and eight 
(S) per cent, per annum on Ordinary DeposltB, free of Federal tax on deposits, pay- 
able on and after loth July, IS. 2. Byorder. LOVELL "WHITE, 
July 6. Cashier. 

MASONIC SAVINGS AND LOAN BANK. 

aaranteed Capital, 8150,000, Office, Bio. O fowl sfrccf. Masonic 

Temple, San Francisco, California. LEONIDAS E. PRATT, 
so. Robins, Secretary. [April 16.] President. 



<t; 



THE LONDON AND SAN FRANCISCO BANE (Limited). 

ell .Drafts on Vokohania, lloupkonc- Shuiichai and AImiiIU, at 

' sight or on time, In sums to suit. J uly 4. 

FRENCH SAVINGS AND LOAN SOCIETY. 
,4'|"1 Busli street, above Kearny. O. lUahe. Director, tonus made 
4fclX on real estate and other collateral securities at current rates of Interest. 



S' 







J. SELIGMAN & CO.. 
liiiikt'm, Bfo. 412 California street. — Kxchacs*' nird Teleeraj>Iile 

!> Transfers for a ale, payable In Gold or Currencv, in sums to suit, on all principal 
ties of the United States. Also, Bills ol Exchange on the principal citlcB of 
urope. D ec. 24. 

THE MERCHANTS' EXCHANGE BANE OF SAN FRANCISCO, 
nuital Stock, One .llflllon DoflarK. Levi Steven a, l*rcnident; 11. 

If. Van Brunt, Cashier. Banking House, 415 Caliiornia street. July 2. 



D. F. Verdbnal.] POULTERER & VERDENAL, [T. J. Poulterer. 

Stock lfrokerB, San 1 Van ciiteo Stock and Exchange Board, 323 Cali- 
fornla street. ^ May 11. 



W. W. DODGE & CO., 
Importer* and Wholesale Dealer** in Groceriea and fProvUionH, 

Corner Front and Clay strcets.SAN FRANCISCO. 
NEWTON BOOTH, I J. T. GLOVER, 
C. T. WHEELER, W. W. DODGE, 
Dec. 9.] Sacramento. I San Francisco. 



S. T. SUIT & CO.'S 

CKLRRK.lTKt) HliMiriiY WHISKI1S! 

Congress Bourbon, I National Bourbon, 

Capital Bourbon, Breckenridge B. B. B. Rye. 

Ifone of the above brands arc under three tears old. Quality Guaranteed. 

BOOTH «fc CO., Sacramento. W. W. DOISOE A CO.. Saii Pran c&kco. 

Pec. 9.] Sole Agents for Pacific Coast. 



EX SHIP3 NEPTUNE AND HAMILTON. 

runt received, direct from McKftrs. S. V. SuiltV Co..otXoniNville. Hen- 



icky, an invoice of their celebrated BOURBON aud RYE WHISlVfESffrpra 
,o five years old. Quality and age guaranteed. For sale In lots to suit by 



July 27 . 



W. W. DODGE & CO.. San Francisco, 
BOOTH & CO., Sacramento, 

Sole Agents for Pacific Coast. 



GOOD CABLE SCREW WIRE 

oots and Shoes are Belling froui Elaine to California. 



B 



June 8. 

EDWARD F. HALL & CO., 

Jtock Brokers and Members oil the San Frai Cisco Stock and K\. 

3 change Board. Cash advances made on active stock accounts kept with us. 
Jap- 13- Ohlce: No. 410 California street. 



CYRUS W- JONES.] 



© 



JONES & COLE, 



[THOMAS COLE. 



GIANT POWDER COMPANY. 

The Giant Ponder Company, Baudnianit, Kielsen . 
Agents, 210 Front street. 



-. Co.. General 

Nov. 21. 



E. P. FECXHAIW, .... President. j 
GEO. W. SMILEY, . Vioe-President. 
FBA1TKLIN LAT 

Barton, W. H....Mer. Ex. Bnild'g, 19. 
Bonynge,C- W..409Montg'y,apstairB. 

Budd, W. C 418 California street. 

Burling, W 428 California street. 

CahUl, E 406 Montgomery Btreet. 

Charles, H- A... 408 Montgomery street. 

Child, E. F. 503 California streei. 

Coursen, G. A... 528Montgomery street. 
Crosby, F. W. . -528 Montgomery street. 

Dixon, S 815 Montg'y, up stairs. 

Duncan, W. L 482 Montgomery Bt. 

Deane, Coll 103 Leideudorff street. 

Everett, A- F.. .506 Montgomery street. 

Eyre, E. E 434 Montgomery Btreet. 

Ekrlich, U..... 412 Montgomery street. 

Ford, J- C. . . 420 Montg'y, up stairs. 

Fitch, J. R 411X California street. 

Fox, C- W 406 Montgomery street. 

Freeborn, J 422 California street. 

Glover, G. F- M. . -42S California Btreet. 

Hall, E. F., Jr 410 California street 

Kerr, J.J 422 Montgomery street. 

Higgins, W. L 413 California street. 

Hassey, F- A 402 Montg'y, np st'rs. 

Poulterer, T. J. . ..828 California street. 
Henriques, David — 506 Montgomery. 

Hill,H.L Out of town. 

Ives, G- 1, 424 Montgomery Btreet. 

Jones, J.H 434C&rast., upstairs. 

Jones, C. W 418 Montgomery street. 

Keene, J. R 408 Montgomery street. 

j Ring, J- L 402 Montg'y, up st'rs. 

Kilgour, L 401 California street. 

Knox, Geo. T 513 California etreet. 



ROLL OF THE SAN FRANCISCO STOCK AND EXCHANGE BOARD 



B. H. COIT, Caller, 

H. SCHMIEDEXJL, . . , Treasurer, 
7TON, Secretary, 

Kinsey, A- G 405 Cal'a, up stairs. 

Lissak, A. H 446 California street 

Loveland, L- F 418 Cal'a, up stairs. 

Martin, M. S 336 Montgomery street* 

Marina, E. J. De S 409 Cal'a street, 

McDonald, M. J. .402 Montg'y, up st'rs. 
McElwain, J 106 Leidesdorff street- 
Noble, H- H 417 Hayward's Bnild'g 

Page, R. C 331 Montgomery street. 

Peckiam, E. P 413 California street. 

Perry, J., Jr 104 Leideedorff street. 

Parker, W. C 104 Liedesdorff street. 

Rorke, B- B 4DtmcAn's Building. 

Rogers, R. F. . 405 Cal'a st., Room No. 1 

Rose, L. S 415 Montg'y, upstairs. 

Schmieden, H 401 California street 

Schmitt, B. L 437 California street. 

Seligsberg, Wm....426Montgomeryst. 

Shotwell, J. M 334 Montgomery st. 

Smiley, G. W 444 California etreet. 

Stanford, W. T... .816 California street, 
Strother, F. F. ... 330 Montg'y, up st'rs. 

Stoutenborough, C 420 Montg'y st. 

Sherwood, B. F 415 California street. 

Turnbull, W-... 418 Cal'a St., up stairs, 

Vinzent, C 334 Montgomery Btreet 

Webster, G- G 304 Montgomery st. 

Williams, H 434 California etreet. 

Wilke, F. H. - . - 418 Montgomery street. 

Winans, J. C 413 California etreet. 

Whitney, A. W 

Woods, F. H 422 California street. 

Zinns, L. A 411 California street. 



CALIFORNIA STOCK EXCHANGE BOARD. 

T. J. L. SMILEY. President. I JOS. TTLDEN, Caller . 

CHAS. L. WELLES, . . Vice-President. ] E. J. BALDWIN, Treasurer, 

W. W. LAWTON, Secretary. 



•WW8S* JA stoek Rrs»kei-*. Ofliee: Kousiin 3So.'B 10 and 11 k-'sjimn 

■ Bunding, San i ranclsco. April 27. 



OFFICES OF AERIAL STEAM NAVIGATION CO., 

No. 623 Montgomery street, San Francisco. 



Adamson.W. R. H...408Californiast. 

Allen, C. R 100 LiedeBdorff street 

Baldridge, M 608 Montgomery st. 

Baldwin, E- J 509 California street. 

Barrell, Sam'1.422 Montgomery street. 

Bourne, J. B 323 California street. 

Broderick, R...6 Merchants' Exchange. 

Crosett, J. F , Out of town. 

DeGreayer, S.. .513 Montgomery street. 
DeLacey, Chas. ... 430 California etreet. 
DeLorme, E. W — 506 Montgomery st. 

Diftot, A 422 Montgomery street. 

Duncan, W. T 413 California etreet. 

DnVal, W. S.411 California st.Room 4. 

Ellis, A.J Pacific Club. 

Fitch, H. S- 606 Montgomery street. 

Flagg, H. H-..415 Montgomery street. 
Gildemeister, J. P- H.llSMontg'y Bik. 

Gillis, G. P 400 Montgomery street. 

Gray, J 306 Montgomery street. 

Harvey, CC -418 California street. 

Hawkins, Jas.. .13 Stevenson Building 
Hill, J. Bryant. ... 528 Montgomery St, 

Hoare, C. W 403 California street. 

Howard, H. C..322 Montgomery etreet. 

Hnssey, J- L 305 Montgomery street. 

Hyneman, S 420 Montg'y street. 

Kenney,C.A. 411 California etreet. 

Kent, R. T 404 Montgomery etreet. 

Klopenstine, J.. 432 Montgomery street. 

Lacour, L 503 Montgomery street. 

Lawton, W. W At Board Room. 

LichtenBtein, M. B-400 Montgomery st. 

Lincoln, J 322 Montgomery street. 

Mansfield, M. . .306 Montgomery etreet. 



Marina, E. J. dc S..S22 Montg'y street. 
McCarthy, Eugene. 327 Montg'y street. 
McCullough, T. J... 306 Montg'y street. 

McKenty, J 432 Montgomery etreet. 

Middleton, John... 310 Montg'y street, 

Miller, Wm.H 

Moore, J- M 77 Montgomery Block. 

Moyle, J. W-...302Montgomerystreet. 

Owens, J- H 428 California etreet. 

Patridge,H. C International Hotel, 

Perine, G. M 413 California street. 

Pheby, T. B... 44(> Montgomery street. 

Roberts. D. S , 

Rogers, Geo. E. 331 Montgomery street. 

Rosenblatt, S 503 California street. 

Rudsdale, M 418 California street. 

Sanborn, T.C 411 California street. 

Schmitt, M 437 California street. 

Sewall, G-T..24 Merchants' Exchange. 

Smiley, T, J. L 310 Mon tgomery st. 

Smith, E- L 30? Montgomery street. 

Smith, W. J 422 Montgomery etreet. 

Snowball, R. V....411 California street- 
Soren, Geo- S... 528 Montgomery street. 

Stewart, Geo. W 

Taylor, W. S 420 Montgomery street, 

Thompson, J. M. . .438 California street. 

Tibbey, E. S 503 California street. 

Tilden, J At Board Room 

Townsend, M. D... Harvard's Building. 

Weller, Chas. L 521 JackBon street. 

Williams, W.J At Board Room- 
Wolf, F 424 Montgomery etreet. 

Wright, Wm. H. 420 Montg'y street. 



BANCROFT'S GUIBE E0R TRAVELERS 

By K:iil>i ;: y, M;i:ie, »pd Mv;»ni IVitviu'iittme in flie Pltellle Mailer. 
comprising Boutcs ana Modes of Travel, Distances, Fares; Concise descriptions 
of the Principal Towns, Scenery, etc.; Tourists' Guide lo YoscmiU'.Tnhoe, tlie Gey- 
sers, and other noted resorts; Through Iioutu by the great Paclllc Railroad to Chi- 
cago, St. Louis, etc.; Ocean Routes, via Panama and Nicaragua, to New York ; all 
Inland and Ocean Routes on the Coast, etc. Published monthly by 

A. L. BANCROFT & CO., Booksellers and Stationers. ?2l Market st., S.F. 
Sent by mall to subscribers, and sold by all Newsdealers. Price per copy, 25 cents. 
[Sep tember 17.] 



FOR MAZATLAN, GTJAYMAS AND LA PAZ. 

Tuueliius: Hi 4>|e M. Lma^ Sw Pnueryera Onl.v.--'l he .vieinushlp 
MONTANA, Wm. Metzger, Commander, will leave Folsoin-Ptreet wharf, for the 
above ports, ou i RID AY, August 3d, at )0 4.11. No cargo received after 6 o'clock. 
p.m., ontheuist July, without clearance from the Mexican Consulate. 
July 31. HOLLADAY & BRENHAM, Agents. 

FOR PORTLAND, OREGON. 

TheSte»|u»Mp**AJnx,'' I". Belles. 4 tiDimuirier. will lenve I'oImiiu* 
street wharf, for the above port, on SATURDAY. August ?.d. at 10 o'clock aji. 
July 31. HOLLADAY & BRENBAW, Agents. 

James Neall.] WM HASELTINE & CO., V^H- Haseltinb. 

Pioneer Jnpniieae n»d Clifi.eae B: z.n»r. Xo. 609 Snen.nieitto St., 
second store above Montgomery street, San Francisco. 
OPEN EVENINGS. June II. 



An.. 7. 



OF THE SAN FRANCISCO NEWS LETTER. 



BUSINESS NOTABILIA. 



" Schnapps." 

Thl» enphono<i« t.-rm i* tpplltd '•> whal la ttU to b« * pan Htlal6 of Holland 
Oln, m»nu£Vl>ir--d at Schiedam. In It ■ ported Into thin ronntry by Mr. 

York, and on a»v tmong drngglali lad retail 
<uAou< the ! 
mM and written >>i tuu '"Schoappa.'' Phy«lctaai «pn*k highly of it* medicinal 
uiulttlcs for all the purpOM* for which a perfects pure article of Holland Qln Is 
eVsliwd, and many alitor-* opesk of il> uron\a as potential. From nccamiil'it(<<l tcs- 
UmooUl* It has crhlrattv obtains! an patahMnhiff c haractrr with the pnhllc. 

Platt A Niwtoh, Solo Agents for the Pacific Coast. 

" Taks ear* of the b*auilful. ?<><■ Bm useful will take earn of lt««lf." in all 
walk* of iife encourage that which la n-nni-d nod elegant. Pill your houioa with 
m>od pictures, wltb tapestries, with cosily furniture; m roflnemont appear In every 
tnlug. Adorn your person with elegaut tonus), and lei your raaAttSn ba market! 
by coartesy and high breed in u. Do nothing that dos not become a giiith-imm, 
heing a gentleman, do not be seen to eiitaf vulgar baanta. When you would cbeoi 
or quicken the blood with generous whisky, 1:0 where tha 
choicest varieties of thaw in valuable refreshers are to he obtained. Ho where yoo 
will be surruiindfd with ch-gaiice ami will bask in heauiy. Gowlu-reon every 
hand in some rare adornment, where yon tread on marble and gaze on radiant 
visions from floor to celllni:, iiBJN BM largest and finest mirrors, reflecting 
from every side, open np a Jong vista of light and beauty, where you rest your 
arm on carlously carved laurel and drink from the choicest cut-glasses the rarest 
liquors, where everything that surrounds you is far superior to your dreams of 
elegance. Go to the "Laurel Palace.*' 

When Carbolic Acid, in proper quantities, is introduced, tn the preparation of 
ItnhbiT, much less time and heat is repaired to vulcanize it ; while the Sulphur re- 
quired, having done Its work, and beannc a "tron^r affinity to Carbolic Acid, is ab- 
sorbed hv it, and it*> destructive oflects entirety neutralized. The improved Patent 
Carbolizcd Fire Hose is the onl] Hose that will stand the great pressure and severe 
testa of Steam Fir.- Eogfoea without baretfpj or sweating. It has been adopted by 
the Fire Department of the city of New York, DnUod States Navy, many of the 
principal Fire Departments throughout the United States, and recommended to all 
Fire Departments for adoption throughout the Countrv by the New York Board of 
Fire Underwriters. John \V. Taylor, Sole Agent for the Pacific Coast, 501 Market 
street, San Francisco. 

In these "toad, babbling days" as Tummas Carlislo calls them, rhetorical 
fireworks are the order of the hour, and the ear Is wearied with the fizzing thereof. 
Tremendous paradoxes are launched al us, relieved, indeed, by sentences which 
are neat and felicitous, and the literary and oratorical world is filled with an inex- 
haustible plethora of words. ** Words, words, words." Sound and fury. Bathos 
and buncombe. But let uw be grave, reticent and wise. If we speak at all, lot it bo 
to lilt up our voice in favor of the unapproachable excellence of Gerke Wine. 
Then shall we have sai d somethin g worth recording. 

A. P. Hotaling & Co., agents for the genuine Cutter Whisky, say the demaud 
for their superior Bourbon is constant and increasing. We are prepared to fully 
accept ibis statement. Flattering onrsclvcs that we are a good Judge of good 
whisky, we cheerfully award the palm to u Cutter." It is unequaled ; it is unap- 
proachable. We never drink any other. "We pity the folly of such as, seeking a 
good article of whisky, content themselves with inferior brands, under the rriis- 
ikcn idea that they have found tho best. Thorn we earnestly urgo to try the Cutter, 
and be cured of their folly. 

Bradley & Rulofson'a tribute to Sarony : " It is to Sarony we owe the elevation 
of photography into an art, in which the refined taste of the artiBt has been blended 
with the skill of the operator. Photography has too long been left in the hands of 
those, who, skilled in the elements of their art, sought nothing highor than the pro- 
duction of a picture which, faultless in execution, left unsatisfied the desire people 
of cultivated taste felt for something less mechanical and crude." Sarony would 
he delighted by the manner In which" photography is elevated by the efforts of Brad- 
ley & Rulofson. 

Our Town Crier imitates the hermits, " in hope to merit heaven by making 
earth a hell." He seems to taken fiendish delight in applying caustic to the tender 
places of humanity. The Business Notabllta man, on the contrary, writeth only of 
what is pleasing and cheerful. He loves to call the attention of bis readers to 
those oasis upon life's desert where happy repose 'a found. In this spirit, he begs 
leave to mention Emerson Corville's Saddle Rock Saloon, 410 Pine street. Thither 
be prayeth ail to go who love good oysters excellently Berved. 

— ■■ Hark, hark, my soul, angelic songs are swelling 

O'er earth's green fields and ocean's wave-beat shore.'* 
The soul is stirred to its profouudest depths by the grand beauty of the bay and the 
lovely scenery which breaks upon the eye at San Rafael. And when the wearied 
body needs refreshment and repose, what better retreat exists than tho Tumalpais 
Hotel T 

At the Art Gallery of I. W. Taber, 12 Montgomery street, we find pictures in 
which the delicate combination of the hand and the brain iB at once perceptible, 
and while appealing to the eye by their exquisite finish, they touch our innate sense 
of the beautiful by the gracefulness so charmingly imparted to them. Taber, an 
artist in the true sense of the word, unites in himself the rare combination of the 
artlBtic and the technical, and gives all that experience and skill can dictate to- 
ward successful portraiture. 

Grace Greenwood, writing from California, advises "ail mere lovers of pleasure, 
fond of benders and unbenders all bon, vivant*, all dainty people," to keep away 
from the Yosemite, for it will prove to them "a great hollow mockery of wild, vague, 
extravaeant hopes — the biggest man-trap in the world." But Grace should have 
added that all who can appreciate a moBt beautiful stock of parlor furniture, car- 

fiets, tapestries, etc., should come here and visit Messrs. Plum, Bell & Co.'b estab- 
ishment on Post street. 

8an Francisco is now enjoying such delightful days as compel strangers to 
acknowledge that our climate is unrivaled under the snn. But no one can thoroughly 
understand the attractions of our city unless he improves these delightful days by 
drinking our delightful wine. The place to do this is at Eberhardt & Lachman's 
cellars and store-rooms, at the corner of First and Market streets, where the choicest 
Champagnes and other Wines are always to be found. 

Winda are rude in Biscay's sleepless bay; but gentle zephyrs fan the brow at 
Sau Bruno, while the senses are intoxicated by the perfume of myriad flowers and 
the sweet songs of the free and happy dwellers in the air. Amid this beautiful 
scene rises Thorpe's Hotel, which iB eagerly sought by all who, having once been 
there, know how 'tis themselves, and gladly return whenever the cares of business 
can be laid aside for the time. 

The "Chronicle," with reprehensible impudence, persistently seta up its claim 
to be a " live paper.'" We find in it many attempts at wit and sensation, but little 
that is useful. The trne province of a live paper is to acquaint its readers with 
facts of great value to them. A column might be written in exemplification of the 
fact that the best articles of either costly or cheap fnrniturc are found only at N. P. 
Cole & Co.'s establishment. 

The Seal Sock House is permanently established in the favor of the discrimi- 
nating public A well ordered cuisine and a bar stocked with the choicest wines 
and liquors, insure the gratification of visitors. Those who drive to the Cliff and 
ocean beach, always make a point of stopping ar the Seal Rock Hooae and enjoy- 
ing its elegant entertain ment 

The Racine House, 1023 Kearny street, has an enviable reputation as an ele- 
gant and comfortable hotel. All its appointments are excellent, and guests cannot 
fail to be abundantly satisfied with the pains taken for their accommodation. 

Muller's Brazilian Pehble Spectacles are acknowledged to be the best. Those 
whose eyes are failing them should by alt means viBit Mailer. 

The San Bruno Road is a splendid drive, and Harry Blanken's ia the place to 
stop at. Every team should be halted before his door. 



HOME MUTUAL INSURANCE COMPANY OF CALIFORNIA. 

V «». I'M « rtllrtiriiln Mh .llrrchants I irliinmi- ItfilldltiK. Fire find no- 
il line ltuurane.fi ( ->mp*ii)'. t'ftpltnl, |T3O,0u0. Urruttnm:- .Tub it It. Ut'dtnifloti, 
1 rrri>](li-iit; 1 in.ii--, it. story. Secretary tH. ». 

. II. II mi. i;i ' i\\ . General Manager. 1>iuk' imiim.-Suh 
i 1.. .1. H. Howard, V. D. Athrriou, It. F. reix- hum sober. A. Ji.(.r<>k*>ui. John 

■ . D. i uaracT, wm. II. 

Moor, tie un, II. N. TiUten. V i-.nl, B. L. Junos, Geo. B. Mann, 

ter.Ji . Jo Galloway, W.T. Garratt, C, waterhouso. A. 

P. Hotnltmt. uretcoti Ursnoh— P. Washerman, H. Ooldmntth, L. K. (Jmvpr, D. Ma- 

cJoay.C. Il 1.1'wn Ll.>v.l Brooke, J. A. Crawford, l>. M. French, J. LowciibcrK, 

Hamilton Boyd Sr*nnffer, W. I,. I, add, Treasurer. MaryHvllln-I). K. Knight. Hun 

Diego— A. H. Wilcox. Sacramento Hriwh— Clmrlea Crook«r, A. KtidliiKloii, Murk 

lt"likln», Jan. Carolan, J. K. Boaghton, 1>. W. Kiirl, Isaac Lnmtiun, Julius Wet star, 

JiiiniH nratilar, Mnnajfer, I. Lohmnn, Sucrotary. Stockton itraneli -H. H. Hewlett, 

Bvana.J. n.lViorn, N.M.Orr, W. K. MeKoe, A. W. Blmiutuii, A. T. Hudson, 

IC. M. FimnliiK, H. H. Hewlett, Manager, N. M. un, Seeretary. Ban Jotte Hraneh— T. 

Kllard Ui-aim. Jo»lab Balden, A. PUuter, J. s. Carter. Jaokaon LewU, N. Kay vh, Noah 

Palni.-r, It. [i. Murphv, J.J. Denny, MiUingir, A. K. atoodf, Secreliiry. Clrann Volley 

■Winum Watt, Kobert Watt. Kovadn-T. W.SlKourney. Feb. II. 



FIRE AND MARINE INSTTEANCE.-UNION INS. CO. OF 8. F. 

The < iilirornln KJoyHS^BrtMbtUlMrd In iwii. .->..*. 410 nnif lis rnll- 
tornioatreet. r««ii miiitat, |>TN),ooo in uuid. a«h-im exceed »!,uoo,ooo coin. Fair 
Bates 1 Prompl Settlement ofLoaseal ! Solid Security! ! dikkctouk— j. Mora Moss. 
JlfflMOUl, Wlllliini K. Barron, J. G. Kittle, Daniel Mayor, M.J. O'Connor, W. W. 
Mi'iiiiwni', Mosej Heller, Adam Grant, N. J. Ditno, Wui. Scliolle, Charleu Kohler, 
JosepIT Seller, W. C. Ralston, I. Lawrence Pool, A. Welti, Joseph Brandensteln, 
Itvnjaiulii Hrewfcter, Jabez Howes, Milton S. Ltithtini, Nictiolus LunitiK, John Parrott 

'im.Gus. Toucnnr-* ' 

in. L. A. Bo 

denberger, L. Cunningham, Peter Decker, Marysvllle. 



L. Sachs, M. D. Sweeney, Morton Chessman, James Piieian,Gus.Touclinrd, Nicholas 
Larco.K. G. Kittle, Gooi-kc C. Hlokox, Georae C.Johnson, L. A. Booth, T. E. Lin- 



Chaklks D. Havbn, Secretary. 



GU8TAVE TOUCHARD, President. 
Gbo. T. Boiikn, Surveyor. May 7. 



REMOVAL AND CHANGE OF AGENCY. 

The put. tii- are Invite*! to Cake notice thai tin',r,iiut In aura nee Com- 
pany of Ilnrtfortt, have removed (Vom the corner of California and Leldesdorff 
streets, to the opposite side of California street, No. 14 Merchants' Exchange Bulld- 
InK- AIko, that they have recently appointed the undersigned their General Agent 
for this Coast. All Business of the Company will be attended to at their new loca- 
tion, by ttie newly appointed General Agent. The old ^Etna has cash assets of 
fS^Vj^so, and an experience of Fifty Tears In the (Ire insurance business. 

GEO. C. BOAKDMAN, General Agent. 
Wa t. Macoonald, Agcnt^ Nov. 31. 



NEW ENGLAND MUTUAL LIFE INSURANCE CO., OF BOSTON. 

Ha* traiiMacted the bunine«« of Life InanrAnce for over a quarter 
of a century. Its assete amount to over Nine Million Dollabs. The law o£ 
Massachusetts makes all its Policies nonforfeitable. It Is a Purely Mutual Company, 
dividing every cent of surplus among Policy-holders. This ts the Only Company 
on the Pacific Coast governed by the Massachusetts Lapse Law. 

WALLACE EVERSON, General Agent. 
April 2 3.] N. E. cor. Califor nia and Sansomc sts., op posite Bank of California. 

FIRE AND MARINE INSURANCE. 

The Fireman"* Fund IuMtiranee Company, of Snn Franelnvo, Cal- 
ifornia. Organized April 25, 1863. Capital, $500,000, fully paid in gold coin. 
Fire, Marine, Harbor and Inland Transit Risks, on terms as favorable as any other 
reliable Qrst-class company. Greatest amount taken on one risk, $50,000. Portions 
of risks considered too large will be re-InBured In responsible companies. Losses 
promptly paid in United States gold coin. D. J. Staples, President; G.T. Lawton, 
Vi ce-Pr es iden t; Charles R. Bond, Secretary. ^___ 

NORTHERN ASSURANCE COMPANY, OF LONDON AND ABERDEEN. 

Subaerlbed Capital, 810.000,000 ; Aecuninla(e«l Fond, $5,770,000 ; An* 
nual Fire Premium, $1,065,000. Losses Promptly Paid In U. S. Gold Coin. 

W. L. BOOKER, Agent, 
[".Tan. IS."] No. 310 California street, San Francisco. 
<t¥~ The Policies of this Company are not only guaranteed by the Capital but by 
the unlimited personal responsibility of fully Beven hundred Shareholders. 

C0MMEKCIAL INSURANCE COMPANY OF CALLF0BNIA. 

Oftlee In San Francbteo, No. 435 California Hlreet — Fire, JTarineand 
Inland Navigation Risks. Capital: $200,000. Direotob8: W w Dodge, Claua 
Spreckles, Michael Skelly,M P Jones, Selden S Wright, W B CuratnJngs, C F Mac- 
Dermot, James M Barney, F S Wenslnger, C WKellogg, A W Gee, Peter Dean, John 
H Wise, Chas S Deering, Levi Stevens, James Gamble, E T Gile, Charles Main, Don- 
aldMcLennaa.W B Hooper, GLBradley. Sacramento: HC Kirk, H S Crocker, D 
W WeHy,N D Thayer, J H Sullivan, F S Freeman, C. W. KELLOGG, President. 
_ H. G . Horner, Secretary. July 27. 

mPKB-TAL FIRE INSURANCE COMPANY OF LONDON. 

EatabllHhed In 1S03 — Capital. 8»,OO0,OO0 — K.oaae* paid here in cnab, 
immediately on adjustment, In United States Gold Coin. 

FALKNER, BELL & CO., Agents for California, 
Feb 8. No. 430 California street.^ 

THE STATE INVESTMENT AND LNSUBANCE COMPANY. 

Fire and 3Xarine.~ No. 409 California street, opposite Bank of Cal- 
ifornia. TYLER CURTIS, President. 
Peter DoSAHcrg,7ice-President. Jan. 20. 

BRITISH AND FOREIGN MARINE INSURANCE CO. OF LIVERPOOL. 
nnltnl. 85.000,000 — Acents: Balfour, Guthrie *fc CO., No. 309 Sau. 

some street, San Francisco. Nov. 18, 



C 



TO THE PURCHASERS OF TEN DOLLAR LOTS. 



As Affent of the Deeoto Isanti Company, I <le**ire to call the atten* 
tlon of my patrons to the ne-w town of Deeoto, near the "new Beet Sugar Mill, in 
ALAMEDA VALLEY. Choice huslmess lots and lots lor manufacturing purposes. 



fronting on the main and side tracks of the Central Pacific Kail road, are now offered 
for cash, by the Directors. Also-residence lots, beautified with evergreen trees, pay- 
able in monthly Installments of $10. As a shipping point for manufacturers, it is un- 
equaled, as It commands, by railroad, the entire State. As an investment, I consider 
this property superior to any I have ever offered in this market. 

HARVEY S. BROWN, 
Agent Deeoto Land Company, 634 Montgomery street, Montgomery Block, next to 
the Bolletin Publication Office. Dec. 24. 

CALIFORNIA JEWELRY COMPANY, 

Leriaon Bros., Xio. 13-1 Nutter street. Sao FranelHCo Sole A cent* for 
American Watch Company, National Watch Company, Howard Watch Com- 
6 any, Charles E.Jacot Watches, Carter, Howkins & Dodd's Fine Jewelry, Merlden 
ri tannin Co.'s and Rogers Bros. Plated Ware. Importers of Watches, Diamonds, 
Jewelry, Watch Materials and Tools, Optical GoodB. Manufacturers of Jewelry, 
Diamond Setters and Lapidaries. March 16. ■ 

C. J. COLLINS, 

Hatter, Mo. »ai Montgomery street, near California street, under I. 
O. O. F. Hall. Masonic, Army and Navy Goods a Specialty. All goods Im- 
ported or manufactured by me are guaranteed to he of the very best quality. Thank- 
ful for the large and increasing patronage bestowed upon me by the public. I hope 
to add to It by the superiority or my work and the reasonable figures at which every 
article is sold. Jane as. 

OPERA B0UFFE! AIMEE ! LIBRETTOS! SCORES! 

AH the mimic, both voeal and instrnm.eir.ta], from the principal 
Comic Operas, as given by the Aimee Opera Troupe, at the California Theater, 
published and for sale at [July fi.] GRAY'S MUSIC STORE, H23 and (fc> Clay St. 



[E. S. TlBBET. 



E. F. Child.] CHILD & TIBBEY, 

Stock Broker*, 503 California Hireet, Kan Francisco, California. 
^ March 2. 

JAMAICA RUM, 

In Quarter Casks 30 Or. Casks High Proof— For sale in Bond or 
duty paid, by [Feb. 9.] AGARD, FOULKES & CO., 413 Front street. 

OAKLAND MILITARY ACADEMY^ 

The Flebth Year will commence on Wednesday. July 20th, 1871. 
Address [Julyl.] REV. DAVID McCLURE, Principal. 



D. CALLAGHAN, 

Manufacturer of O011110U? *» Yeast Powders. Cream Tartar, Soda 
and Salaeratus, 1-il Front street, San Francisco. California. 
April 6. D - CALL* GH AN, Proprietor. 



THE DAILY FINANCIAL POSTSCRIPT 



Aug. 7- 



OFFICE OF FINANCIAL POSTSCRIPT, 

Strn JTremcisGO, 12 X., Anp. 7, 1872. 

The Proposed Railroad Stock Subscription. 

The Financial Portscript yesterday reprinted an article from the Nevr 
York Financier on the proposed subscription by the city of San Franciseo 
'o the stock of the Atlantic and Pacific Railroad Company. To-day we 
give in another eoluum some extracts from the Stockholder, a railway 
journal,, on the same subject. Both of these authorities sound the same 
cautioD that has heretofore been urged in these columns. In making San 
Francisco a stockholder in this railroad corporation, the city will be made 
responsible to the extent of her subscription for the performance of its 
obligations. The property of the company is responsible for them, and 
that portion of property which may be constructed with the city sub- 
scription money becomes equally responsible with the rest. One of these 
obligations recently explained in the Financial Postscript, was the lease of 
the Missouri Pacific Railroad by the Atlantic and Pacific Company in per- 
petuity, the last named company agreeing to pay a rental equal to four- 
teen per cent, per annum on the $£,600,000 capital stock of the Missouri 
Pacific. We suggested at that time that " perhaps we should hereafter 
obtain more light on the transaction whieh might make it intelligible as 
a legitimate, and not necessarily disastrous, railroad operation." Later 
light has been received is the opiuioas expressed by the money periodicals 
already quoted. They show that this leasing transaction has been received 
in Eastern financial circles with a degree of disapprobation not only un- 
qualified, but bordering on disgust. It is,, we think, sufficiently plain 
that the 4l operation " admits of neither defence nor explanation. The ju- 
dicious and temperate Fluancier stigmatizes it as "jobbing" and intimates 
that it promises to make the Atlanticand Pacific Railroad a M wretched 
financial failure to the people who honestly contribute money " to build 
it. The Stockholder, less guarded in its language, talks of the directors 
"playing tricks," compares their management to that of the world-wide 
"Brie swindle," and adds that an "honest" disbursement by them of the 
money of San Francisco would constitute "a remarkable reformation." 

Probably very few citizens of San Francisco were quite prepared to 
find such outspoken criticism of a corporation whieh appears to make a 
considerable, and even respectable figure, in St. Louis. But it is to be 
noted that even public opinion in St. Louis, as reiiected in the press of 
that city, does not affect to approve the lease of the Missouri- Pacific Rail- 
road at a rental of fourteen per cent, per annum. Nor has there yet been 
any substantial intimation that St. Louis will join with Sau Francisco in 
subscribing to the stock of this Railroad Company. It would seem to be 
the part of caution, before San Francisco shall decide to' become a partner 
in a concern which is managed by men whose operations arc compared to 
those ofFisk in lt Erie," to pause until there shall be at least so much of 
indorsement as would be implied in a subscription by the city of St. 
Louis — the home of the company. As to the probability of the Atlantic 
and Pacific Company being able to secure such an indorsement, the fol- 
lowing paragraph, which we quote from the Stockholder, may bethought 
significant: 

.The company profess to have outstanding ?13,000,000 of bonds. Yet it 
is said by those conversant with the progress of the matter from the first 
that all the money that has been expended by the company on the line of 
the road and for equipment, etc., from first to last, amounts to less- than 
86,000,000, in addition to what has been received from laud sales. If it be 
true that bonds are out for twice, the amount which has been expended, 
where are the proceeds of the §16,000, 000 capital stock which it is claimed 
is outstanding ? The truth is that there is no such amount of honest 
stock. The certificates in the hands of the managers of the concern 
simply represent an issue that was made two years ago with a view of 
raffling it off upon the " general public " through the medium of the New 
York Stock Exchange. It was at that time put up on the Stock Ex- 
change here, this Atlantic and Pacific "preferred" stock, and "bogus" 
offers and " washed " sales made of it at about 35. The " general public," 
however, looked askant at it. When the managers of the concern got 
tired playing brokers to procure fictitious quotations of the stock, it fell 
dead, and has been dead ever since. Its Stock Exchange career was a 
brief one. The present attempt, having leased the Missour-Pacific road 
and doubled the capital stock of the company, is to get that to tloat on 
the Stock Exchange. This is likely to be the third failure in the Stock 
Exchange line. The public are reluctant to take hold of this security. If 
it be not intended for the public, then it would have the appearance of a 
private fraud, an attempt to mortgage the resources of the Atlantic and 
Pacific Company to pay an enormous dividend to the holders of Missouri- 
Pacific stock. 

Thc:c mining companies were incorporated yesterday: The El 
Dorado North Mining Company. Capital, $2,500,000. Object, mining on 
the El Dorado North lead, in Philadelphia district, Nye county, Nevada. 
Trustees— S. B. Boswcll, C. B. Land, M. J. McDonald, V. Fernbach and 
Wm. Wells. The Eldorado Mining Company also filed its certificate. Ob- 
ject, mining in Calaveras county. Capital stock, 8500,000. Trustees — Thos. 
Flint, Asa TIarker and William Irvine. Also the Old Providence Mill and 
Mining Company. Object, mining in Haydeu Hill mining district, Lassen 
county. Capital stock, §300,000. Trustees— D. S. McDonald, Harvey S. 
Brown, Frank Swift, H. H. Bidwell and Thomas B. Deane. 



— It is stated that a large company is organizing in this city for the 
purpose of manufacturing artificial ivory. This substance can be pro- 
duced at small cost, and utilized for all the purposes to which genuine 
ivory is adapted. The manufacture is well known elsewhere, but it will 
be something novel in San Francisco. 

— The Belcher Mining Company have declared a dividend of S3 per 
share on the new issue, equal to §30 per share on the capital stock last 
month, amounting to $312,000, payable on the 10th. 



A Broker's Squeeze, 

The Stock Board bad its "flurry" yesterday in an attempted* squeeze- 
of one broker by another. Some time ago, M. L. McDonald loaned the 
President of the Silver Cord Mining Company a sum of money and took 
a lot of the stock as collateral. This stock was afterward sold for assess- 
ment without McDonald's knowledge. On Monday Silver Cord was 
"■called," and McDonald sold 200 at $& When he attempted to deliver, 
he fearned that the stock had been sold for assessment. Further inquiry 
developed the fact that all the stock on- which the assessment had been 
paid was held by the buyer of the $3 parcel. At the following Board, the 
stock was again called and a lot sold at $50, thus making a price. The 
Board, however, decided that r under the circumstances, McDonald should. 
not be held to a delivery of assessment-paid stock, which released him. 
from a trap that would otherwise have cost $10(000, 

A Railroad Mortgage Assessment Rescinded. 

A list of mortgages in San Mateo county,, held by persons residing in> 
San Francisco, or supposed to be, was sent to the Board of Equalization 
some time ago. The list aggregated in amount about $28,000^000. One- 
mortgage covering nearly the entire amount— more than $27,000,000— was 
credited to D. O. Mills and others, and was known as the Central Pacific 
Railroad Mortgage, given to secure bonds, very few of which have been 
issued. In view ©f this feet and the further one that Mr. Mills is not a 
resident of this connty t the assessment was reciuded by the Board of. 
Equalization at its final session yesterday. 

The Savings Bank Assessment Rescinded. 

The San Francisco Board of Equalization yesterday rescinded the 
assessments heretofore made to the Savings Banks of the amounts stand- 
ing on- their books to the credit of their depositors and at the debit oS 
their borrowers. Estimating the deposits in the Savings Banks at £30;- 
000,000, and that this amount was twice taxed, first as a whole, and then, 
on the mortgages held by the bonks, the reduction will amount to about 
?GO,000,000, assuming that the money is loaned on mortgages, 

T. Ellsworth, A. P. Brayton, J. T. Dean, P. B. Cornwall and Jame& 
Leigh, have been- elected Trustees of the California Silk Manufacturing; 
Company. Subsequently, T. Ellsworth was chosen President; James- 
Leigh, Superintendent-, F. B. Wilde, Secretary. The Mission-street Ex- 
tension Homestead Association have elected the following Directors : C_ 
Meyer, B. Morris, Dr. D. Colra, Philip Falk, N* Rhine, M. Greenberg r 
Dr. J. Kegensburger, Isaiah Cohn, August Hclbing, Isidor (intte, Saul 
Marks and Simon Mayer. The Tintic Eureka Mining Company have 
elected the following Trustees : <J. F. » Woodman (President)* D. D. Mc 
Donald, M. S. Hurd, James M. Carter, Joseph L. King (Secretary)- 
There are 30,000 shares of capital stock. The Ida Elmore Mining Com- 
pany have elected the following Trustees: J. S. Roberson (President), 
Thomas "Williams, G. W. Grayscn, H. McPherson, M. J. McDonald, W. 
Willis (Secretary). At the first meeting of the stockholders of the Wood- 
ville Gold and Silver Mining Company the following gentlemen were 
elected Trustees to serve the ensuing year ; James A. Pritchard, M. D. 
Townsend, W. H. Sears, W. F. Myers and Dr. Washington Ayer. The 
officers are James A- Pritchard, President ; W. F. Myers, Vice-President; 
A. Noel, Secretary; M. D. Townsend, Treasurer; and L. W. Woods, 
Superintendent, 

— — The steamer John L. Stephens is advertised to sail for Oregon on 
Saturday, under the management of the Oregon Steamship Company, of 
which Mr. Norris has been chosen resident agent for San Franeiseo. This 
is the new steamship line, organized to run between Sau Francisco and 
Oregon, which has secured some of the steamers of the North Pacific 
Transportation Company. The others will be run. as heretofore, under 
the auspices of the latter Company. 

■ I The destruction of the hoisting works at the Redmgton Quick- 
silver mine, Napa, will not prevent the production of the regular quan- 
tity of quicksilver which will be derived from the stoek of ore accumu- 
lated on hand during the past few months. The damage by the fire ia 
stated at about $30,000. It had been determined to erect new hoisting 
works, which will be accelerated by the burning. 

— Colonel A. W. Von Schmidt has been awarded by the United 
States Government the contract for running out and defining the entire 
eastern boundry line of the State of California from the Oregon line to 
the point where it strikes the Colorado River. 



REAL ESTATE TRANSACTIONS. 



Monday, August 5th. 



OKiNTOR TO GRANTEE. 



Wm Hollis lo J C &FBartmann.. 

A H L Dias to Hannah Cotter 

Tide Land Com'rs to J A Het'er. . . 
Chas H Webb to John W Piculell 
J E Ogborn to L C Lane 



Jacob C Lane to same 

Fol and Howard P U to A S Perley 
Jus Thaxter to Henry Wozencraft. 

Citv and Co S F to Rich'd O'Neill. 
John L Hunt et al to Samuel Criml 
Same to Henry T Sturgeon ; 



DESCRIPTION. 



Grove s, 323 w Webster, e 80x95 

16th e Howard, 82x110 

5th avc Be E, 50x200 

Wetmore Place s Washington, 56x22:11. 

Tract known as Seal Rock Ranch; also, 
Morris Tract; also property in San Ma- 
teo county 

1-36 of same 

Shotwell n 24tl), 122:6x24 

Geary and Scott nw comer, w 275x 137:0 
subdivision WA450 

Blk 41 and por hlks 17, 67 and 63, P N. . 

Mission a 20th, 30x182:6 

Capp and 21st st a 65x122:6 



PRICE 



$4,500 

6,600 

2U0 

550 



3,000 

1 

1,000 

6,000 

Pram 

200 

300 



' The Pioche Mining Company have declared a dividend of SI per 
share, amounting to ?20,00O, same as last month, payable on the 10th. 



km, 7. 



()K THE SAN FRANCISCO NEWS LETTER. 



Dl AMOND NEWS. 

Tbe African Diamond Fields. 

Edward E. Flint, son of Mr. Flint, President of the Continental Bonk 
OfHtfl V.-rk, i^ do* ftl tin Diamond Fields in Africa. Ik- writes homo 
a very interesting account of his journey to the new Golconda. Ho 
writes : 

On Thursday vraolog m forded tho Bait river, and early on the ensu- 
ing morning m righted the Diamond Field* There within a Fading of 
three mile- were tlie tents of 80,000 inhabitants. There are four places 
where the dinmouda are found, and I give them to you in the owter of 
their importance : The New Both In Coleaburg K-Opje, Datoltapui, IV 
Been ind Boel-Pontalne. Borne diamonds have been found at Hopetcnm, 
on the Orange river, mad more at Pnell (a Kopjie, twenty miles went tram 
Du-toitrt-|»Hn>. The Kopjies seem to be craters of old volennoe*. They 
are o\ til-shuped and bordered by u reef of dark limestone. None of them 
arc more thin forty teres In extent, and within these basins all the dia- 
monds are found, excepting the few found at Fueil end Elopetown, where 
they neve been washed by the river. 

To one who can afford" it, it is worth the journey here to see the New 
Ru-h. Haul of the claims there have been sunk SO feet deep. Dividing 
the tiers or rowsof elaims, ure twelve ronds running lengthwise the basin. 
These roada are fifteen feet wide, and on them the earth is carted outside 
the reef and sorted for diamonds. On either side of these narrow roads, 
you can look down from 70 to 100 feet to the bottom of the claims, Work- 
ing at New Rush is very dangerous, and fatal casualties are a duily occur- 
rence. At any time during the day you can see .\000 men :it work there, 
and as many more are out of Bight digging below. Claims at the rush 
have told for $o0,00U. You could hardly buy now a full claim SO feet 
square. Within the past week an eighth claim sold as high as $2,500. The 
» is less systematic and not so extensive at the other places, nor are 
the chilms worked mure than 40 feet in depth. Few diggers are making 
money. All are ready to sell their claims. 



OUR RAILS. 

The " Stockholder" on the Atlantic and Pacific Railroad. 

The recent stock operations of the Atlantic and Pacific Railroad Com- 
pany have brought that organization somewhat prominently before finan- 
cial circles at the East, In an article upon the road and the prospects of 
tts securities, the £Jto<:kJioider t a railway journal, uses the following lan- 
guage: 

The people of San Francisco — a community which is scarcely ever free 
from topics of lively discussion— are now debating whether they will ac- 
cept a proposition made to them by certain local speculators. The prop- 
osition is for the city to take and pay for $15,000,000 stock in the Atlantic 
and Pacific Railroad Company. It is suggested that the city of St. Louis 
will subscribe for $10,000,000 stock in addition to the San Francisco sub- 
sidy, and thus the promoters of the scheme, that is to say the managers 
of "the Railroad Company, will be put in possession of $25,000,000 of fresh 
money. 

This Company, the Atlantic and Pacific, has now, what with the road 
which it has built added to that which it has bought, some 328 miles of 
railway, indifferently built and equipped, and upon that mileage has 
issued stocks and bonds to the extent of $29,278,302. There is scarcely a 
corporation in the world, except Erie under its former management, 
which, while in possession of so little property, has been so industrious 
in issuing stocks and bonds. * * * It may be that if the large 6ums 
above mentioned, $15,000,000 and $10,000,000 respectively, were placed in 
the hands of the managers of the concern, they would spend it actually 
and honestly in building the road, and accordingly would cease issuing 
inflated stock with a view to future juggling on the Stock Exchange. If 
they should adopt this honest course, it would be noticed as a remarkable 
reformation. The charter of the Company, expressed in an Act of Con- 
gress approved by the President July 27, 1S66, requires the stock to be 
subscribed and paid tor, $100 per share. There is probably not a single 
dollar of stock purporting to be stock of the Atlantic and Pacific Rail- 
road Company which was ever issued in genuine conformity with the 
charter, except a small part, yet uncanceled, of the original $1,000,000 
subscribed at the organization of the Company in October, 1867. As to 
the rest of the stock, it is probably no more a genuine liability of the Com- 
piny than if the certificates had been stolen, as in effect they were, from 
the stock-books of the Company. All this will be looked into on the qno 
warranto process to be brought by the Attorney- General of the United 
States, which will he in order for trial after the election in November, 
when the respondent will have au opportunity of Bhowing by what war- 
rant they venture to play such tricks under charter from the United 
States. 



Overland Passengers Dae This Evening. 

Mrs. F. A. Field, New York; F. M. Demmick, Omaha; Alfred Wagstaif, 
Jr., New York ; John H. Rcdficld, Miss Clara Redfield, Philadelphia; Jo- 
seph Taylor, Miss S. Taylor, Manchester, England ; H. O. Shaw, Jersey 
City, N." J.; Mrs. J. A. Kielser, Cloverdale, Cal. ; Robert McCutchcon, 
Oakland, Cal,; J. Harrell, Visalia, Cal.; William Rath, Canada; D. Willard 
and wife, Boston; T. J. Blakeman, St. Louis; James Otis and wife, Miss 
Lizzie Noyes, San Francisco ; Miss May Kirkham, Oakland ; Mrs. L. Pit- 
ney, Morristowh, N. J.; William C. Little and wife, Oakland; W. Graves, 
Jersey City, N. J.; Dr. Samuel H. Rupe and wife, Mrs. J. N. Wiley, Healds- 
bnrgti, Cal.; M. H. Fowler and daughter, St. Johns, N. B.; Miss L. Hopple, 
Chicago, William Rosenblatt, New York; W. W. Dudley, St. Paul, Minn.; 
E. 8. Saxton, Cresskill, N. J.; John Q. Packard, New Orleans ; Edward 
Malim, England; Thomas Lloyd, Ontario, Canada; John Mulcahy, Plu- 
mas Couuty, Cal. ; S. B. Ross, New York; Charles Edson and wife, Co- 
rinne, Utah; Special Party, Director's Car, Iowa; George S. Dodge and 
wife, San Francisco; Mrs. A. W. Rose, New Jersey. 

■■■■ Work on the Southern Pacific Railroad has been suspended at 
Tipton, 245 miles from this city and within 48 1-2 miles of Bakersfield, in 
Kern county, owing to the withdrawal of laborers to accept the high 
wages ottered by harvesters. As the road is under contract for comple- 
tion to Bakersfield in October, work will be resumed early next month. 
Bakersfield is growing rapidly. It will be the present terminus of the 
road and the depot for the Owens River and other mining districts. 

— ^ The Snelling Argvs argues in favor of a narrow-gauge railroad 
from Snelling or Merced Falls, to connect with the trunk road from 
Stockton to Visalia at Turlock's. 



Engineers have been fitted out to locate the Utah, Idaho and Montana 
Railroad between Corinne and Helena. 



THE EXTRACTOR. 

Intrrnntloniil Itnln ne<-a. Th,- whole teildrney of recent -vents, RBTa 

tin- WeonomiHy i« to make England the place "f Battlement between dif- 
ferent clvtlhted countries, and therefore England is peculiarly Liable to be 
afibeted by tho sudden najmeota of International balances. Wc must 
therefore expeel \<> have manj fluctuations In tho value of money arising 
from ttilft peculiar and temporary cause. At one time we must expect to 
have uiueii money here, beoauae attttar the Government which is to pay 
keeps It here to pay It, or the Government which has received It keeps ft 
lun, because It Is the most profitable place for It. This tends to lower 
the rate of Interest, and then we expect that rate to be liable to sudden 
jerks and tilts upwards when our foreign political creditor for some un- 
known reason thinks it best to remove his deposits from us, and perhaps 
to require a considerable part of it in bullion, which he locks up and does 
not let the world sec again. Aud It Is also to bo remembered that we arc 
beginning these new and greater international operations with less re- 
sources than wo had last year for the smaller ouc. Last year the bullion 
In the Bank on 5th July was £26,495,000. It now is £2-1,005,000. Diminu- 
tion, i. 1 2, 430, 000. Last year the reserve of notes and coin in the Bank was 
£10,539,000. It now is £12,618,000. Diminution, £3,911,000. So that we 
must not expect the variations iu tho value of money to be smaller and 
less sudden than they were last year ; we must rather expect them to be 
greater and more sudden, because the reserve of money on which they 
operate is considerably smaller, and the market in consequence more del- 
icate. In such a state of commerce and of the money market as now 
exists, this prospect is extremely Berious, and requires to be very carefully 
weighed. 

Fashions In Names. — There arc fashions in names as in all earthly 
things. In Cromwell's time, Puritanism weighed very heavily on tho 
tender babes brought to the baptismal font. Hume gives us the names 
of a jury in the following age, among whom we find Stand-tast-on-bigh 
Strinirer, Kill-sin Pimple, Fly-debate Roberts, Fight-the-good-flghtof- 
faith White, More-fruit Fowler, Sleep-not Billings, and many other such 
biblical worthies. These names indicate the wishes of the parents rather 
than the piety of tbechildren. And we are not awaro that the Parsons, 
the Priests, the Christians, Deacons, Crced6, Churches or Devotions have 
any better children than have the Hoggs, the Hams, the Bawns, the 
Clays, the Mudds or the Nettles. In his amusing account of Suffolk sur- 
names, Bowditeh tells us that, in 1810, Pepper Mixer, Esq., was per- 
mitted to change his mixed address. Soon after Mr. Whitefoot dropped 
his foot. In 1850, Thomas Jest decided to jestno longer. A distinguished 
lawyer of Middlesex county, Massachusetts, named Burnside, disliking 
his Christian name, applied (or leave to change it. Unfortunately, he 
wrote a bad hand, and so the Clerk of the Great and General Court 
thought he also petitioned to change his last name "into Burnside. The 
Legislature granted the petition as the Clerk read it. 

Negro Superstitions. — Among their superstitions negroes of the 
American Southern States believe that whippoorwills and screech-owls 
are birds of evil omen, foretelling death or removal, and, when one lights 
on or near a dwelling, the negroes sally ont with firebrands to frighten it 
away. The jay-bird is another object of detestation, the negroes firmly 
believing that the poor little creature "carries sticks to the devil to re- 
plenish his fires," and many a jay had fallen a victim to this superstition, 
while its murderer exclaims triumphantly: u Dar, now, you am' gwine 
tote no mo' sticks to de debbil to bu'n dis chile wid !" A. garment cut 
out on Friday mtst be completed before Saturday night, else the person 
for whom it is intended will not live to wear it out. I have heard a South- 
ern ll mammy '.' say, in the bitterness of her sorrow at the death of her 
nursling, " O mistis ! ef you jes hadn' cut them close out Friday 1" 



OUR JVM N E S . 

Placer aiggingn are reported discovered in the Sau Jose Valley, 
twenty-two miles from San Luis Obispo. Some eighteen or twenty 
ounces have been brought into that town, and report says that it turna 
out from 50 cents to 75 cents to the pan. 

Belcher. — The telegram from the Belcher shows continued progress, 
and states that the month's product is " 5,000 tons, giving $325,000, or at 
the average yield of §55 per ton." 

Pioche. — The dispatch to the Pioche states: " Commenced stoping 
north winze, first level ; ore three feet; assay, $212. South winze down 
forty feet; ore two feet; assay, $125; average assay of two days, $191. 

Eureka Consolidated. — Report for week ending July 31st: Ore re- 
ceived at furnaces, 825 tons ; ore reduced, 576 tons. 



Savage. — Report for week ending August 3d: Ore extracted, 1,215 
tons ; average assay value of ore, $22 29. 

Buckeye. — The July bullion product of the Buckeye mine was $9,794, 
an average of $1,611 per ton. 

Alleged Swindling Operation. 

Four men alleged to have been engaged in a bold swindling operation 
have been indicted bythe Grand Jury. Thefacts are presented as follows : 
Some months since a man named Haley was desirous of purchasing a par- 
eel of land in the Western Addition. The property was owned by Thos. 
Cummings, who was not in San Francisco at the time. An individual 
representing himself as Cummings went before a Notary Public iu Sacra- 
mento and conveyed the property to Haley. A similar operation was also 
performed at Oakland. The Grand Jury has indicted ex-Supervisor M. J. 
Kelly on four charges of forgery, four charges of misdemeanor aud one 
charge of grand larceny, bail fixed at $12,500. M. S. O'Neil, lawyer, four 
charges of forgery and five charges of misdemeanor, bail fixed at $12,000. 
F. J. Hutton, one charge of forgery and one charge of grand larceny, bail 
fixed at $4,000. James McMahon, four charges of forgery, one charge of 
grand larceny and one charge of misdemeanor, bail fixed at $10,000. Geo. 
W. Brewer, five charges of forgery, four charges misdemeanor, bail fixed 
at $11,500. Kelly denies all knowledge of the affair. Kelly and O'Neil 
have been released on bail. 

GOLDEN HILL COBALT, NICKEL AND CHEMICAL WORKS. 

Stoke upon Trent. Staffordshire, England.— J. H. WillianiKcii. Hie 
proprietor of the above works, is open to purchase Ores of Cobalt, Nickel and 
Bismuth; also. Borate of Lime and Tlncal. Ang. 5. 

OUTSIDE LAND CLAIMS, 

All those having received Ninety -one per cent, of their claim* for 
lands taken by the City for public uses, under Order 800. will please hand the 
undersigned, within thirty days from date, their statements of balance? due. 

A. AUSTIN, 
Collector of Outside Land Assessments, No. 1 City Hall. 
San FranciBCO, July 31, 1872. Aug. 5. 



I I I 1 i JL/-OLJ.-M -*- l.Xl^ll.1.1 VJ.1XU J. \SKJ J. UViWXi 



EHHnUL PA€IH©. &AIUMAB 



Commencing Monday, April 29, 1872, and until Further Notice, Trains 

and Boats will leave San Francisco 

n fin A. M. Overland Express Train for Sacramento, Marysville, Red Bluff, Colfax, Reno, Ogden and Omaha. 

q (in P. M. San Jose Passenger Train, stopping at all Way Stations. 

A f\fl -P- ^- "Passenger Train for Stockton, Merced and Sacramento. 

P Q ft P- M. Overland Emigrant Train. Through Freight and Accommodation. 

h nn A. M. Steamer New "World (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

A flfi ^ M - *Sacramento Steamer (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

ftfi -P - ^' 'Steamer Antelope (from Broadway Wharf), connecting at Donahue with Trains of S. F. and N. P. R. R- 

8 AO A. M. Excursion Boat (Sundays only), from Broadway Wharf, connecting with Special Train of S. F. and N". P. 
•UU Railroad for Cloverdale and intermediate points, returning to San Francisco by 7.00 P. M. 

Oakland Branch-Leave San Francisco 7:00, 8:10, 9:20, 10:10, 11:20 A. M., 12:10, 1:50, 3:00, 4:00, 5:15, 6:30, 8:15, 
9:20 and *11:30 P. M. (9:20, 11:20, and 3:00 to Oakland only.) Leave Brooklyn *5:30, 6:40, 
7:50, 9:00 and 11:00 A. M., 1:30, 2:40, 4:55, 6:10, 7:55 and 10:10 P. M. Leave L akland *5:40, 6:50 
8:00, 9:10, 10:00 and 11.10 A. M., 12:00, 1:40, 2:50, 3:50, 5:05, 6:20, 8:05 and 10:20 P. M. 

Alameda Branch-Leave San Francisco 7:20, 9:00, 11:15 a. m., 1:30, 4:00, 5:30 and 7:00 p. m. (7.20, 11.15 and 5.30 
to Fruit Vale only. Leave Hayward's *3.45, 7.00 and 10.45 a. m., and 3.30 p. m. Leave Fruit 
Vale *4.40, 7.35, 9.00 and 11.20 a. m., and 1.30, 4'05 and 5.30 p. m. *Except Sundays. 

A. N. TOWNE, General Superintendent. 
T. H. GOODMAN, General Passenger and Ticket Agent. 

PACIFIC MAIL STEAMSHIP COMPANY. 

♦ > m '♦ 

Change of S®be€ral®saa?®p tapira and CMn®® 

Regular Mail Steamer leaves Wharf, comer of First and Brannan streets, on the first of every month, punctually at 
noon, for YOKOHAMA and HONGKONG, connecting at Yokahama with the Company's Branch Line for SHANG- 
HAI, via Hioga and Nagasaki. When the sailing date falls on Sunday the steamer will sail the preceding Saturday. 

From May to October, inclusive, an Extra Steamer will be dispatched on the 16th of every month. 

August 16th, Steamer 

COLORADO, Capt, Warsaw. 

August 31st, Steamer JAPAN, Capt. Freeman. 



I^OH IVE^V YORK, via I^kJV^M^L. 

INCEEASED SERVICE. 

Leave punctually at 12 o'clock noon on the 3d, 13th and 23d of each month for Panama, and connecting, via 
Panama Railroad, with one of the Company's splendid steamers from Aspinwall for New York- Beginning August 13th 
all steamers touch at San Pedro and San Diego. 

August 7th, Steamer ARIZONA, Captain Farnsworth. 

CALLING AT ACAPULCO. 

Until further notice steamer of the 13th will connect for Central American Ports, viz : Champerico, San Jose de 
Guatemala, Acajutla, La Libertad, La Union and Punta Arenas. Steamers of the 13th and 23d will call at Mazatlan 
and Manzanillo, and all steamers at Acapulco. 

Through tickets sold to and from Liverpool, Queenstown, Southampton, Bremen, Brest, Havre, Hamburg, Stettin, 
Copenhagen and Norway. Apply at the Pacific Mail Steamship Company's office, at Wharf, cor. First and Brannan sts. 

ELDKIDGE & IBWIN, -A-greiits. 



Ac.:. 7 



OF THE SAN FRANCISCO NEWS LETTER. 




CAPE HORN. 

, 197 miles from San Frauclaco— Altitude 3,600 feet. 



EMIGRANT GAP RIDGE. 

S32 miles from Son Francisco— Altitude 6,37-1 feet. 




AMERICAN RIVER, Cape H 

198 milea from San Fr&ucisCw— Altitudi 



SUMMIT OF SIERRAS. 

243 miles from San Frauciflco-r-Altitu.de 10,000 feet. 



THE DAILY FINANCIAL POSTSCRIPT. Aug. 7. 



THE BANK OF CALIFORNIA. 

Capital, - - ]» ] - - $5,000,000 

D. 0, MILLS, President. T W. C. RALSTON, Cashier. 

In New York, Messrs. Lees and Waller; in Boston, Treiuoiit 
National Bank; in London, Oriental Bank Corporation. 

53P The BaDk has Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
of the Pacific Coast. 

Ia#»©Pg Of fftPO&lt iMIieflt 

Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan and Australia. 

Exchange fcr Sale on all the Atlantic Cities. 

DR^W DIRECT OTH 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frank fort-on-the-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AND SAN FRANCISCO BANK 

■r^n-iMt ■»■■*.■■ >_ 

With which has been consolidated the business of 

T^LTfcHOTT «fc OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 



<Dstjzt±t£tX, - - 83,000,000, H.&sexrs7G IF^VLixca., ssoo,ooo 



Of which $3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

S^-TS" FRANCISCO OFFICE, 423 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodewald, Esq., Chairman; H. L. Bischoffsheim, Esq. (Messrs. Bischoft'sheim & Goldschmidt) ; J. F. Flemmich, Esq. (Messrs. F. Huth 

&Co.); E. H. Green, Esq. (Messrs. Russell and Sturgis, of Manila); Julias May, Esq. (of San Fraucisco), Frankfort-on-thc-Main ; 

J. S. Morgan, Esq. (Messrs. J. S. Morgau & Co.) ; Baron H. de Stern (Messrs. Stern Brothers) ; Rudolph 

Sulzbach, Esq. (Messrs. Sulzbaeh Brothers), Frankfort-on-the-Main. 

Manager in London : R. D. PEEBLES, Esq. 

Presides! £sa Sas F^ascisco^ MttTCOT S« £JLT££2L3 

Assistant Manager (San Francisco), CAMILO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, -•--....... ALFRED BANNISTER. 

The Bank in prepared to transact all kinds of General Banking and Exchange Business, in London and San Francisco, and between said CitieB and all parts of the 
world. The San Francisco Office! s authorized to draw Bills of Exchange or issue Letters of Credit upon either of the under-named Founders and Proprietors of the 
Bank, or (at the option of the buyer) upon the following Houses, with whom the Bank has established credits, viz : LONDON— The London Joint Slock Bank, No. 5 
Princess Street ; Mesers. Bischoffsheim, Goldschmidt & Co.; Messrs. Fruhlinq; & Goschen ; Messrs. Frederick Huth & Co.: Messrs. J. S. Morgan & Co. (successors to 
MessrB. George Pcabodv & Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Drexel, Morgan & Co., 63 Exchange Place. BOSTON— Third National Bank. 
PHILADELPHIA— Messrs. Drexel & Co. PARIS— Drexel & Co.; Bischoffsheim. Goldschmidt & Co.; Messrs. A. J. Stem & Co. FRANKFORT-ON-THE-MAIN-Mr. 
Gebruder Sulzbach ; A. J. Stern & Co. GERMANY— Bank of Saxe Meiningen. AMSTERDAM— Banque de Credit and Depot des Pays Bas. ANTWERP— Nottebohn 
Brothers; F. R. Bischoffsheim. HAMBURG— John Berenbertr, GOBsler & Co. BERLIN— Deutsche Bank Actien Gesellschaft. GENOA— Dapples & Co. NAPLES 
and FLORENCE— An gl o-Italian Bank. VALPARAISO and LIMA— Fred. Huth, Griming & Co. MANILA— Russell & Stands. CHINA and JAPAN-^-Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Australia; Bank of New South Wales. IRELAND— Provincial Bank of Ireland, 
and all its branches, viz: Dublin, Cork, Limerick, Cloumel, Londonderry, Sligo, Wexford, Belfast, Walerford, Galway, Armagh, Athlone.Coleraine, Kilkenny, Ballina, 
Tralee, Youghal. Enniskillen. Monaghan, Banhridge, Ballvmena, Parsonstown, Cavan, Omagh, Dungannon, Bandon, EnniB, Ballyshannon, Strabane, Dnugarviin, Mal- 
low, Cootehill, Kilrush, Skibbereen, EnniSChorthy, Fermoy, Newry, Drogheda, Ncnagh, Templemore, Carrick-on-Suir, Carrick-on-Shannon, Clogheen, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID TO SELLING OALIEOENTA SEOUEITIES IN EUEOPE. 

Collections, Purchases of Real Estate and Mining Shares, and Investments of all kinds in California. 

MILTON S. LATHAM, President. 

BEIST. HOLLADAY, President, 

gait Francisco. 

WM. NOEEIS, Vice-President, San Francisco ; HOLLADAY & BEENHAM, General Agents, San Francisco. 
IMspateli Steamers to the tollo-^vingj places. 

M f> r tkenii E 'out e i 
Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 



Santa Cruz, Monterey, San Simeon, San Luis Obispo, Santa Barbara, Los Angeles, Analteim,, San Diego, Etc. 

EEexEeaa S©w*©» Steamer every Wmty Bay® s 

Cape St. Lucas, Mazatlan, San Bias, Guaymas, and JL,a 3Paz. 

OFFICE ; 217 Sansome Street, San Francisco. 

The Premium Shirt Maker, Mrs. EVELINE MORRIS, 526 Kearny Street 




OND 




Price, single copy, 5 cents ; per Wee!:, 
25 cents ; per Annum, including Postage 
to anj- part of the world. Twelve Dol- 
lars. Printed and Published by Frederick 
M.imotl No. 033 Montgomery Street, 
San Francisco, CaUfornia. 



IN 

fffflE 



Delivered immediately on the arrival of 
the mail? in Now York, Liverpool, London, 
Parisk, Hamburg, Frankfort, Bwlin, Euez, 
Ale:iandri3, Yolwhama, Shanghai, Hong, 
kemg, Melbourne, Auckland, Sydney and 
Inlands of tho Pacific Ocean. 





[Etublished July 20, 1856,] 



atcst gtaM from ®ur fiamottd fUmes m |lcw HJcxiw mid JMgfltta. 



DisjHifrJirtl Daily by 


the 


Mai l.i to 


every Monetary and 


Com nic i 


ria/ 


Center 


th 


•ouohoUt 


the 


World 




Vol. 1. 




SAB 


PEANOISCO, 


THURSDAY, 


AUG. 8, 


1872 










No. 


16. 



OFFICE OF FINANCIAL POSTSCRIPT, 

San Francisco, 12 M., Aug, S, 1S72. 



BULLION, MONEY AND EXCHANGE. 

&0LD BAES, 860 to 70. Silver Bars. 1 1-4 Discount. Treasury Uotea 
are selling at 87 to 87 1-2. Mexican Dollars, from 8 to 8 1-2 pre- 
mium. 

-ITXCHAW&E ON N£Yf YCBK, 1-2 per cent. prem. for Gold; Currency, 
jjj 14 per cent On London: Bankers, 44 to 491-8; Commercial, 49 
1-2 ; Paris: 5f. per dollar. Telegrams, 1. 

PRICE OF MONEY HERE, 1 to 1 1-4 per cent per month— Bank rate. 
In the open market 1 to 1 1-2 per cent per month. The demand is 
active. 



SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



SHAKES. 

Ophii 80 

Do 10 

Gould & Curry.... 49 



Do S0M0 

Do 5" 

Do 10 

Chollar 50 

Halo & Norcross ... 85 

Crown Point 345 

Do 55b30 

Do 50 

Yellow Jacket 250 

Do 10 

Do 50 

Imperial 1430 

Empire 15 

Alpha 25 

BelcheT 200 

Best and Belcher. . ■ 35 

Kentuck 32 

Do 40b80 

Cons. Gr. H, Quarts. 675 

Confidence 345 

Do 130 



LOW. 


HIGH. 


44 


45 


.... blC 


45 


vnx 


180 


161 


170 


165 


166 


.... b5 


162* 


.... b3 


165 


98 


99 


87 


S3 


130 


13S 


135 


133 


.... s90 135 


140 


146 


.... b30 143 


.... b3 


146 


14% 


15 




V,% 




66 


119 


122 




OX 


290 


300 


285 


295 


S 


8« 


13X 


14 


.... b30 


14 



SHARES, 

Cons, Virginia 190 

Sierra Nevada 140 

Daney 190 

Exchequer 115 

:, Belcher 110 

Overman 50 

Do 10 

Justice 200 

Succor 55 

re 50 

Julia '.. 70 

Caledonia 125 

Do 140 o30 

Knickerbocker 495 

Baltimore 400 

Bacon 10 

Bait. American.... 375 

Silver Hill 680 

Eclipse 1025 

Do 50 

Trench 4(0 

Do 60 

Cook&Geyer 125 

Phil Sheridan 50 

"Woolville 550 



LOW. 

34 

15X 

22!-- 
121 
S4 



15', 



66 

68 
8 % 
3* 



15Ji 
AH 

23 
124 
87 
87 
16 

5 

3& 


OS 
69 

9 

3;= 

so 



19 19S< 
.. s30 19 

20 21 
.. O30 21 

1 
02J.5 
4,V 4il 



At the California Stock Exchange Board. 



SHAKES. 

Alps 160 

Bait. American... 310 

Condor 50 

CrownPoint 90 

Do 10 

Gold Kill Quartz... 60 
Gould & Curry .... 5 

Huhn& Hunt 200 

Imperial 70 



2', 



HIGH. 
4% 
2X 



5 130 
. D30 132X 

8X 
180 

3fS 
i 15« 



SHAKES. 

Louise 125 

Do 100 

New York Con 100 

Do ....100 

Ophir 10 

Pea Vine 300 

Succor 50 

Yellow Jacket 10 



HIGH. 

) 8» 
1« 

1 l'A 
45 
1« 



— The Japanese Embassy, numbering forty-two persons in all, were 
to sail from Boston to Liverpool yesterday in the special Canard steamer 
Olympus. Charles Walcott Brooks, Japanese Consul to this port, accom- 
panies the Embassy through Europe, and will probably return to San 
Francisco by way of Japan. 



LATES T TELEGRAPHIC N EWS. 

LONDON, AUG. 8. 

United States 5-20 Bonds, "JUi. I Liverpool WheatMarket,lls.8d. 
Conso s 92&®92>f. 

NJSW YORK, Al'G. S. 



Gold opened at 115M ; 11 a. m. at 115K 

Sterling Exchange, 109.'s@UO. 

Hour, — . 

Pacific Mail, 74V 

Wells, Fargo S Co.. S9«. 

Oil, S perm, quid, $1.38@$1.40; Win- 
ter Bleached, J.l.lill@Jl.68 ; Whale, 
firm, 70c@— ; Winter Bleached, 
70(0)75. 

Hides, dry, 38J£@24>rfc; sa]tc<U2@12.U'. 



United States Bonds — Five-twenties of 
1862, 11GK,'; 1867, lloii. 
I Wheat, — 
I Barley, — 

j Quicksilver Mining Company, 425s. 
; Cotton , quiet, 21 ?«c. 
Wool, Sprint;, fine, 38®45c; Barry, 30® 
35c; rolled, 50®(K)c;FallClips, 32® 
37c. Burry, 20®25c 



\M 



YESTERDAY AFTERNOON SALES 

At the California Stock Exchange Board. 

SHAKES. LOW. HIGH. 

Alps 190 4 4',, 

American Flag .... 880 Viy. 20 

%a 

t 7*1 

... b30 7. v » 
121 121 !<! 
... D30 124 
... b5 121X 
130 133 
... blO 132 
... s90 130^ 
... 1)30 130 

2?a Sib 

2i; 2=„ 

.... b30 m 

14 14 « 

68 69 

69 H 70 
101 102 « 
... b5 102 

16JJ 17 
20 



Adam's Hill 100 

Belmont 240 

Do 50 

Belcher ...200 

Do ... 20 

Do 10 

CrownPoint 640 

Do 60 

Do 120 

Do 20 

Condor 630 

Chapman 476 

Do 400 

Con5den:e 445 

Caledonia 240 

Do 220 b30 

Chollar 50 

Do 10 . 

Empire 420 

Eclipse 520 

Eureka Cons 650 

Do 220 b.30 

Do 20 . 

Eureka, G. V 40 

Golden Chariot — 155 

Do .... 30 

Imperial 656 



19* 
23 



16« 
12 12X | 

.. b30 12>>i I 
14 Ji 15 ji 



LOW. 

Hale& Norraoss... 40 88 
Do .... 40 1)30 90 

Independent 220 

Ingomar 350 

Jackson..... 100 

Kentuck W 

Lillian Hall 100 

Mocking Bird 140 

Minnesota 230 

Meadow Valley 725 

Do 150 

Do 200 s30 16 

Mahogany 16 

Newark 825 

Pioche 405 

Do 10 

Pbamix 170 

Do 50 

Do 250 

Page& Panaca....200 

Pea Vine 300 

Bo ..100 

Raymond & Ely.. .100 

Do ... 40 030 160 

South Chariot 200 

Do 80 

Star Consolidated.. 100 

Wash'ton & Creole.650 

Do -200 



HIGH, 
90 
91 
IK 
IX 
75c 
275 
75c 
.. 030 2 

2& 
16 16M 

.. b30 16?; 



%H 



1>. 



'i58X 



5 

. b.30 



16 >» 
10 

30 
81 
5« 
5!* 
6!i 
2% 
IX 

) 1% 
159 

161 

) 2tf 
2« 
1* 
5» 
51i 



LOW. 



At the San Francisco Stock and Exchange Board. 

SHARES. LOW. HIGH. 

Louise 200 

Do 50 

New York Cons.. ..200 

Pea Vine 000 

Pioche 40 

Revenue Con 700 

Lillian Hall 20 

Newark 100 

Savage 20 

Do 10 

Do 10 

Belcher 10 

Do 60 



SHARES 

American Flag — 30 

Bait. American 250 

Bowery 70 

Caledonia 10 

Do 10 

Do 10 

Cr. Point Ravine.. .100 

Condor 50 

Eclipse 20 

G. H. Quartz 40 

CrownPoint 20 

Huhn&Hunt 40 

Knickerbocker 70 

Imperial 50 



. b5 
blO 
b3 



HIGH. 
20 

2K 
2*< 

69 

71 

70 
2K 
3M 

18 
S 
136 
3% 
9% 

15 



... 830 

1 

1 1-5 
30M 

9 



182 



121X 



an 

2 

lii 
IX 
30?i 
9« 
60c 
%% 

183 

182 

182 

122 >* 

122 X 



Subscribers in Advance to Financial Postscript can have their Copies Mailed Free from the Office 



THE DAILY FINANCIAL POSTSCRIPT 



Aug. ft. 



FIRST NATIONAL GOLD BANK OF BAN FRANCISCO, CAL. 

Pnid iin Capital, f*1 . 500,000, tiol«l. Frwidt-i.t, <■;*■<•. IF Il«toi>er; Wire. 
President, Sanioel Hort : Cashier, N. K.Masten. Directors— Geo. F. Hooper, 
Peter Donahue, Charles G. Hooker, M.P.Jones, James Moffitt, James C. Flood, 
Edward MarMa, D. Callaghan, Samuel Hort. New York Agents— .fay Cooke & Co. 
London Agents— Jay Cooke, McCulloch & Co. Exchange for sale on the principal 
cities of the United States, Great Britain and Ireland. Commercial Credits issued 
available in Europe, China and Japan. This Bank is prepared to transact a general 
banking business. Deposits in Gold, Silver and Currency received subject to checJc 
or on.6peclal deposit. Collections attended to and prompt returns made at the low- 
est market rate of Exchauge L _ Ma y 4.- 

THE BANK OF CALIFORNIA, SAN FRANCISCO. 

Capital. $5,000,000. ■>• O. Mill.-., Praudeiit; W.C Knlston, CaMiier. 
AGENTS— In New York, Messrs. Lees & Waller; in Boston, Tkemont Na- 
tional Bank ; in Londonv Orfental Bams Corporation-- Letters of Credit issued, 
available for the p-urehtise of Merchandise throughout the United States, Europe, 
3ndia, China, Japan and Australia. Exchange for sale on the Atlantic Cities. Draw 
direct on London, Dublin, Paris, St. Petcrsburgh, Amsterdam, Hamburg, Bremen. 
Vienna. LeSpeic, Sydney, Melbourne, Yokohama, Shanghai, Hongkong, Frankfort- 
on^tfoe-Afaip. M arch 28. 

FRENCH MUTUAL PROVIDES? SAVINGS AND LOAN SOCIETY. 

Twenty-fifth StMul-Aiiiitinl I>i\ iiteml — A Dividend oCKine per cent. 
per annum net (U per cent.) upon the operations of the French Savings and 
Loan Society tor the six months ending June -iyth,lb72, has, in conformity with the 
report of the Committee of Verification appointed by the members of the Society, 
been declared by the Board of Administration, at the Semi-Annual Meeting held on 
the loth Instant. This dividend will be payable on and after the ltth Jut-taut, at the 
efflceof the Society, -111 Bush street. GUSTAVE MAHE, 

Jn ly 20. ____ Director of Freueu Savings Bank. 

GERMAN SAVINGS AND LOAN SOCIETY. 

Guarantee Capital. 8200.000 Ofllee 512 California Sfi-eet, Noutti 
side, between Montgomery and Kearny streets. Oftis* Hoars, from 9 ajn. c» 3 
p.m. Extra hour on Saturdays from 7 to 8 p.m., for receiving ot Deposits only. Loans 
made on Real Estate and other collateral securitics l at current rates of interest. 
Gsobbe Lette, Secretary. [Jan. 20.] L. G0TT1G. President. 

DIVIDEHD NOTICE. 

The German Saving* mid I.im» Meeiety The Board of Director* of 
the Society have declared the dividend for the six months ending Jane r,flth, 
in. 2, at the rate of (y 3-5 per centj nine and three-fifths per cent, per annum on Term 
Deposits, and (S per cent.) eight per cent, per annum on Ordinary Deposits, free of 
Federal tas, payable on and niter Monday, the Uth July. By order. 
J aly G. GEORGE LET'lE, Secretary. 

REMOVAL. 

lie (icrmnii S;ni»^ ami Loan Societ* has reiu«Ted its oUieeto.Vo. 

526 California Btreet. June 1. 

SECURITY SAVINGS BANK.— GUARANTEE CAPITAL, $300,000. 

Officers.- President, .Bohn l»arrott; Vice-l"residei:t, flenry ». Rnb- 
cock: Secretary, T. F. Bacon; Attorney, Sidney V. Smith. Loans made on 
Real Estate and other Approved Securities. Office: ]\o.S94 Sansome street (Fried- 
lander's Building), opposite the Bank of California. San. Francisco- Oct- 14. 

SAVINGS AND LOAN SOCIETY, 

i»1 (i Clay street. San JFraiiciseo.Jul.v01h.lNT2 — VI ;i meeting off lite 

Vxv Board off Directors, hel-d Sbis da7, a Dividend of Nine per cent, per annum, 
for the six months ending June Both, IS 2, was declared on all deposits, tree of Fed- 
eral Tax, and payable on and after MONDAY, Julv 15th, 1872. 
Joly 2U. CYRUS W. CARMAN Y, Cashier. 

DIVIDEND NOTICE. 

San Francisco .SaTlitE* Union, 533 California street, comer Webb— 
For the half year ending with oOth June, .8.2, a divideadbas been declared at the 
rate of nine and six-tenths (y 6-luj percent, per annum on Term Deposits, and eight 
(■8) per cent, per annum on Ordinary Deposits, free of Federal tax on deposits, pay- 

LOVELL WHITE, 



T 



ableon and after luLh July, 18.2. By order. 
July 6 



Cashier. 



MASONIC SAVINGS AND LOAN BANX. 

f*i uaranteeri Capital. 6l5O,0U0. Oflire, Kit. \i l'ost sli-eet. Musoulc 
VDT Temple, San Francisco, California. LEONIBAS E. PKATT, 

iSeo. Kubins, Secretary. [April Ui.J President. 

THE LONDON AND SAN FRANCISCO BANS (Limited). 

Sell Drafts on Yokohama, Jloii-koi.g, Mbinuuliiti and Man Hi, at 
sight or on time, In sums to suit. July 4. 

FRENCH SAVINGS &MD~ LOAN SOCIETY" 

|11 Bush street, above Kearny. «... Mabe, Itireetor. Lean« made 
^ rJ L on, real estate and other co llateral securities at current rates of Interest. 

J. SELIGMAN & CO., 

Bankers, No. «llfi California street.— Exehau gre ard Telemraplife 
Transfers for iale, payable in. Gold or Cnsrcney, In sums to suit, on all principal 
cities of the United States. Also, Bins ol Exchange on the principal cities of 
Europe. __ ^ Dec. 24. 

THE MERCHANTS' EXCHANGE BANK OF SAN FRANCISCO. 

/Capital Mlock,_Onc .TOillion llollars. I^cxi Mevei.s, l*i-esidei t ; 



S" 



. Van B runt, Cashier. Banking House, 415 Calirornia street. 
I>. F. Vbbdekal.] POULTERER & VERDENAL^ [T; J. Poui.tekek. 
J Uiek Rrokers. San Franeiseo Stock and JBxclraE ge Board, 323 Call- 

^ fornia street. May 11. 

W. W. DODGE & CO., 
Importers and Wholesale Dealers iu «rceerlca and Provision m. 

Corner Front and Clay utoeete, SAN FRANCISCO. 
NEWTON BOOTH, I J. T. GLOVER, 
_, C. T. WHEELER, ' W. W. DODGE, 
P e(? - 9 -1 Sacramento. I San Francisco. 

S. T. SUIT & CO.'S 

CELEBRATED KENTUCKY M IIISICIKS I 

Congress Bourbon, i National Bombon, 

Capital Bourbon, ! Breckenridge B. B. B. Rje. 

None of the above brands are under three tears ou>. duality Guaranteed. 

BOOTH A CO., Sacramento, W. W. IM> DOE A CO.. San Frsi ciKCO. 

Dec. 9.] Sole Agents for Faoffic Coast. 

EX SHIPS NEPTUNE AND HAMILTON. 
ust received, direct from 3£essi s. S, T. &uil*L C©..«t'B J *mI*vilIe. Hen. 

tncky, an invoice of their celebrated Bour.BON and RYE WHISKIES fcom 
.. t e to liveyeura old. Quality and age guaranteed. For sale in iota to suit by 

W. W. DODGE & CO.. San Francisco* 
BOOTH & CO.. Sacramento, 
July 27. Sole Agents for Pacific Coast. 

GOOD CABLE SCREW WIRE 

oots xud Shoes are sellings from JLtlne to California. 



J 



B 



June 8. 



EDWARD F. HALL & CO., 

Stock Brokers and Jlembers ot the San Frai Cisco Stot k ard Ex- 
change Board. Cash advances made on active stock accounts ke[>t with ub. 
Jan - ia - Oltlcc: No. -Jio California street. 



CYR^IS w. jonks.] JONES & COLE, [THOMAS cole. 

€1°™™?^°!,' S( ?« k Rrokers. Office; Rooms Xo.s 10 and 11 Exi<mn 
/ Building, San Francisco. April 27. 



GIANT POWDER COMPANY. 
T h A% a %0 P ^g^?. mPany - "— -n».., Kieue,. * Co,, General 



ROLL OF THE SAN FRANCISCO STOCK AND EXCHANGE BOARD 



E. P. PEOKHAW, , . . . President, 

GEO, W. SMILEY, . Vice-President. 

FRAMKLIN LA' 

Barton, W. H... .Mer. Ex. Build'g, 19. 
Bonynge, C. W. .402 Montg'y,up stairs. 

Budd, W- C 41S Califwnia sSreet. 

Burling, W 428 California street. 

Cahill, E 406 Montgomery street. 

Charles, H. A...408Montgoinerj'Ptrect. 

Child., E.F 503 California street. 

Coarsen, 0. A... 52S Montgomery street. 
Crosby, F. W. . .528 Montgomery street. 

Dixon, S 315Montg'y, up stairs. 

Duncan, W- L 423 Montgomery st. 

Deane, Coll 102 Leidesdorff sSreet. 

Everett, A. F. . .506 Montgomery street. 

Eyre, E- E 424 Montgomery street. 

Enrlich, M 412 Montgomery street. 

Ford J. C 420 Montg'y, up stairB. 

Fitch, J- R 411>$ California street. 

Fox, C W 406 Montgomery street. 

Freeborn, J 422 California street. 

GlOTer, G- F- M- . -428 California street. 

Hall, E. F., Jr 410 Cal jferaia street. 

Herr, J.J 422 Montgomery street. 

Higgins, W- L 413 California street. 

Haasey, F. A 402 Montg'y, up ati-s. 

Poulterer, T. J.. ..323.Califernia stteet. 

Henriques, David 506 Montgomery. 

Hill, H. L..... Out of town. 

Ives, G- 1 .424 Montgomery street. 

Jones, J- H 434 Cal'a st., up stairs. 

Jones, C. W 418 MenJgomery street. 

Eeene, J. R — 408 Montgomery street. 

Ring, J- L. 402 Montg'y, tip st'rs. 

Eilgour, L 401 California street. 

Knox, Geo. T 513 California street. 



I B. H. COIT, Caller, 

I H. SCBMIEDELL, . . . Treasurer- 
.WTOW, Secretary, 

Kinsey, A. G 405 Cal'a, up stairs^ 

Lissak, A. H- .446 California street. 

Lo^eland, L-F — 418 Cal'a, up etaire.- 

Martin, M-S 336 Montgomery street.. 

Marina, E. J.De S 409 Cal'a street, 

McDonald, M- J. .402 Montg'y, up st'rs. 

McElwain, J 106 Leidesdorff street. 

Noble, H-H.— .417 Hoywaxd's Build'g. 

Page, R. C 331 Montgomery street- 

Peckham, E. P 413 California street.- 

Perry, J-, Jr 104 Leidesdorff street, 

Parker, W. C 104 L iedesdorff street. 

Rorke, B- B 4 Duncan's Building, 

Rogers, R.F-. 405 Cal'a et.,Boom No.i 

Rose, L-S 415 Montg'y, up Btairs. 

Schmiedell, H 401 California street 

Schmitt, B. L 437 California street. 

Seligsberg, Wm 426Montgomery st. 

Shotwell, J. M 334 Montgomery st. 

fcmiley, G- W 444 California street- 
Stanford:, W. T.-..&0 Salifornia Btreett 
Strother, F. F....330 Montg'y, up st'rs. 

Stoutenborough, C 420 Montg'y st. 

Sherwood, B-F 415 CaliSornia street, 

Turnb-all, W 418 Cal'a st., up stairs. 

Vinzent, C 334 Montgomery street. 

Webster, G- G 304 Mensgemtry st- 

Williams, H 434 California street. 

Wilke, F. H-..-418 Montgomery street. 

Winans, J. C. 413 California street. 

Whitney, A. W 

Woods, F- H 422 California street. 

Zinns, L- A-. 411 California street- 



CALIFORNIA STOCK EXCHANGE BOARD. 

T- J. L. SMILEY, President. I JOS. TILDEN,. Caller. 

CElAS. L. WELLEE, . . Vice-President. E. J. BALDWIN, Treasurer . 

W. W. LAWTON, Secretary. 



Adamson, W- R. H...498Cali*oniia st. 

Allen, C. R 10R Liedesdorff street 

Baldridge, M 608 Montgomery st. 

Baldwin, E.J 509 California street. 

Barrell. Sam'1-422 Montgomery ssreeU. 

Bourne, J- B 323 California street. 

Broderick, R-..6 Merchants' Exchnnge. 

Crosett, J. F Out of town. 

DeGreayer, S... 513 Montgomery street. 

DeLacey, Chas 430 California street. 

DeLorme, E. W 588 Montgomery st. 

Diftot, A 422 Montgomery street. 

Duncan, W- T 413 California street. 

DuVal, W. S.411 California st, Room 4. 

Ellis, A.J PacHte Clnb. 

Fitch,. H. S 508 Montgomery srreet. 

Flagg, H. H...415 Montgomery street. 
Gildemeister, J. P. H.llSMontgy B!k. 

Gillis, G. P 400 Montgomery street. 

Gray, J 306 Montgomery street. 

Harvey, C-C 418 California street-, i 

Hawkins, Jas. . .13 Stevenson Building j 

Hill, J. Bryant 528 Montgomery St_ 

Hoare, C. W 408 California street, j 

Howard, H. C..322 Montgomery street. ; 
Hussey, J- L-... 305 Montgomery street. \ 

Hyneman, S 420 Montg y street, i 

Kenney, C. A 411 California street. I 

Kent.R. T 404 Montgomery street. ! 

Klopenstine, J. .422. Montgomery street". 

Lacour, L 507 Mini tgomcry street. 

Lawton, W. W At Board Room. 

Eichtenstein, M. B.406 Montgomery st. 

Lincoln, J 322 Montgomery street. 

Mansfield, M.. .306Montgomery streets 



Marina, B- J. de S. 322 Montg'y streeft. 
McCarthy, Eugene. 327 Montg'y street. 
McCullough, T. J... 306Montg'y street 

MtKenty H J 422.Mentgosiery street*. 

Middleton, John. ..310 Montg'y street. 

Miller, Wm.H 

Moore, J. M 77 Montgomery Block. 

Moyle, J- W 302 Montgomery street. 

Owens, J- H 428 California street. 

Patridge,H- C International Hotel, 

Ferine, G. M 413 California street. 

Pheby r T. B .. . 44fi Montgomery street- 

Roherts. D-S 

Rogers,. Geo. E. 331 Montgomery slreet. 

Rosenblatt, S 503 California street. 

Rudedale, M .418 California street. 

Sanborn, T.C 411 California street. 

Schmitt, M 437 California street. 

Sewall, G. T..24 Merchants' Exchange- 
Smiley, T. J-L 310 Montgomery stt. 

Smith, E. L 302 Montgomery street. 

Smith, W.J 422 Montgomery street. 

Snowball, R. Y....411 California street- 
Soren, Geo- £.-. 528 Montgomery street. 

Stewart, Geo. W 

Taylor, W. S 420 Montgomery street- 
Thompson, J. M.-.428 California street. 
Tihbey.E-S- —..503 California street. 

Tilden, J. At Board Room. 

Townsend, M. D...Hiryward's Building. 

Weller, Chas. L 521 Jackson street. 

WiUiams, W. J At Board Room. 

Wolf, F 424 Montgomery street- 
Wright, Wm, H. 420 Montg'y street. 



BANCROFT'S GUIDE FOR TRAVELERS 

By Hull w it y. t+tntf.*, :»:■<« .* Ii:t:n >':f» iir;ti<.;. fsi I lit- l":.<. Hi*: Strl«>K. 
comprising Routes and Modes otl'Sravel.JDi stances, Fares; Concise descriptions 
of the PrfnclBaa Towns, Sccncrv, en:.; Tourists' Guide to Voscmite, Tnlioe, the Gey- 
s.ws, and other noted cesorta; Through Route hy the great F^ljilc Railroad to Chi-- 
CAKO, St. Louis, etc.; Ocmii Koulcs.via Panama, and Nicaragua, to New York; all 
Inland and Ocean Iloutes on the Coast, etc. Pnhlished monthly by 

A.L.DANCRUFT & CO., BooksulleTs and St:*tk>ncrs, 72*, Market St., S.F. 
Sejit by mail to BUllScrlbers, and sold by all Newsdealers. Price uer copy, 26 cents. 
ISept CHibor 17. J 



OFFICES OF AERIAL STEAM NAVIGATION CO., 

No. 023 Montgomery street, San Francisco. 



FOE MAZTATLAN", GUAYMA3 AND LA PAZ. 

T* UiPrli;-: at C: |.e M. titan f« r F::(.f.fl tm K 4tl.I>.--Il.«' Stvi itlKllip 
MONTANA. Wm. Metzger, Commander, will leave Foleom-stieet wharf.forthe 
above porrs^on KItlDAY. Aigust 2d,atl0A.M. No cargo received after j o'clock 
p.m., oatlie-ibl July, Willtoatdearanoe from the Mexican Consulate. 
July 31. ilOLLADAA" & BSKNHAM, Agents. 

FOR PORTLAND, OREGON. 

TlieStoaiHshii' "Ajn?-." !■'. lEtiltes, <• t miunt «:*"r. will Ifrrt f"«I»om- 
street wharf, for tbe above port, on SATC1IPAY, Anga&t : d. at fO o'cloct a.m.. 

.lulv'ii iiait iniv (.Durvn-jvt \. ..,,-,<-■ 



I liL'.l. 1 , A UUUt-t ■ U, Ml- iV U UiUUh. A .J) 

HOLLADAY& BEESHAM, Agents. 



James Neaijl.] WJSI HASELTl'NE & CO., [Wm. Haseltine. 

Phmevr JnpaneM! and *liin.:si- U;i«ai:.r. No. tioo Nnci*i>iuei:to si.. 
second store above Montgomery street, San Francisco. 
OPEN EVENINGS. Jtraell. 



Aoa 8. 



OF THE SAN FRANCISCO NEWS LETTER, 



BUSINESS NOTABILIJu 



M Scknapp*." 

This eaphonoii* trrm \* applied to what 1ft *aH to ho a pure -fUclO of Holland 
Oio. na*nuf.u'ttin-il at Schicdan, iu Holland, mid imported Into thi* country by Mr. 
ttdiilpho Wolfe, <>r th ■ York, mid on mIp nmonir drturgtstfl and retail 

merchants iTi-m-rallY throiii*noifl tht* United State*. Many good thini^ have OMU 

•aid and written of toil "8-huppi." Pbytidani ipaaS UgfaJy of its modlolnal 
qualities for all Owparpoaaa Ibr wbJch t perfectly pare article of Holland Gin d 

.faired, aad m_nv editor* fpeak or tt.» aromii as potential. Prom accumulated tes- 
timonial* it has evidently obtained an established character witli tho public. 

Platt & Nbwtox, Solo Amenta for tho Pacific Coast. 

"Take oare of the beautiful, f*»r tiuMmi-fui win take care of Itsolf." in nil 
walks of lift enconrase thai which Is refined and elegant Kill your homes with 
rood pictures, with tap) etriea, w Rh eoatij furniture; lei refinement appear la every 
<niu^'. adorn jronw paraon with eJeguil apparel, ami let your manners be marked 
by eoiirteoy anfl hii*h breed fnj;. Do nothing that dos not become a gentleman, 
being a ireuttemaa, do not be seen to outer vulgar hnnnts. When you would cheer 
> i! with urn.' ox gulcken the blood with ^enerouo whisky, _o where the 
- varieties oi these lnvanubl- refredhen are to be obtained. Go where you 
will be earruuntletl with ole„unce and will busk in beau ty. Go where or. every 
band 1b pome rare adornment, where you tread ou marble and gaze ou radiant 
visions from floor to MfltnB, where the largeat and finest mirrors, roflectlug 
from every side, open up a long vista of light and beauty, where you rest your 
arm on curiously carved laurel and driak from the choicest ciit-claei*c8 the rarest 
liquors, where everything that surrounds you is far superior to your dreams of 
eloganoo. Go to the "Laurel Palace.' 1 

When Carbolic Acid, hi proper quantities, is introduced, in the preparation of 
Rubber, much less time and beat is required to vulcanize it ; while the Snlphsr re- 
quired, having done its work, and hearing a Arong affinity to Carbolic Acid, is ab- 
Borbed by it. mid Its destructive effects entirely neutralized. The improved Patent 
Carbolized Fire Hose is the onlv Hose that will stand the great pressure and severe 
tests of Steam PIre Engines without bursting or sweating. It has been adopted by 
the Fire Department of the city of New York, United States Navy, many of the 
principal Fire Departments throughout the United States, and recommended to all 
Fire Departments for adoption throughout the Country by the New York BoaTd of 
Fire Underwriters, John W. Taylor, Sole Agent for the Pacific Coast, 501 Market 
street , San Francisco. 

In these "loud, babbling days'* as Tummas Carlisle calls them, rhetorical 
fireworks are the order of the hour, and the car is wearied with the fizzing thereof. 
Tremendous paradoxes are launched at us, relieved, indeed, by sentences which 
■re neat and felicitous, and the literary and oratorical world is filled with an inex- 
nanallble plethora of words. u Words, words, words." Sound and fury. Bathos 
and buncombe. But let a* be grave, reticent and wise. If we speak at all, let it be 
to lift up our voice In favor of the unapproachable excellence of Gerke Wine. 
Then shall we bave said something worth recording. 

A. P. Hotaling & Co., agents for the genuine Cutter Whisky, say the demand 
for their superior Bourbon is constant and increasing. We are prepared to fully 
accept this statement. Flattering ourselves that we are a good judge of good 
whiskv, we cheerftlly award the paJm to " Cutter." It is uneqiia'.ed; it is unap- 
proachable. We never drink aay other. We pity the folly of _uch as, seeking a 
good article oT whisky, content themselves with inferior brands, under the mis- 
taken idea that they have found the best. Them we earnestly urge to try the Cutter, 
and be cured of their folly. 

Bradley & Rnlofson's trVbute to Sarony : " It is to Sarony we owe the elevation 
of photography into an art, in which the refined taste of the artist has been blended 
with the skill of the operator. Photography has too lon^ been left in the hands of 
thoee, who, skilled in the elements of their art, sought nothing higher than the pro- 
duction of a piohire which, faultless in execution, feft unsatisfied the desire people 
of cultivated taste felt for something less mechanical and crude." Sarony would 
"be delighted by the manner in which photography is elevated by the efforts of Brad- 
ley & Rulofson. 

(hir Town Crier imitates the hermits, " in hope to merit heaven by making 
earth a hell." He seems to takea fiendish delight in applying caustic to the tender 
places of humanity. The Business Notabilia man, on the contrary, writeth only of 
what is pleasing and cheerful. He loves to call the attention of his readers to 
those oasis upon life's desert where happy repose 's found. In this spirit, he begs 
leave to mention Emerson Corville's Saddle Rock Saloon, 410 Pine street. Thither 
"he prayeth all to go who love good oysters excellently served. 

•— " Hark, hark, my soul, angelic songs are swelling 

O'er earth's green fields and ocean's wave-beat shore. 1 ' 
The soul is stirred to its profoundest depths by the grand beauty of the bay and the 
lovely scenery which breaks upon the eye at San Rafael. And when the wearied 
body needs refreshment and repose, what better retreat exists than the Tamalpais 
Hotel ! 

At the Art Gallery of I. W. Taber, 12 Montgomery street, we find pictures in 
which the delicate combination of the hand and the brain is at once perceptible, 
and while appealing to the eye by their exquisite finish, they touch our innate sense 
of the beautiful by the gracefulness so charmingly imparted to them. Taber, an 
artist in the true sense of the word, unites in himself the rare combination of the 
artistic and the technical, and gives all that experience and 6kiU can dictate to- 
ward successful portrait ure. 

Grace Greenwood, writing from California, advises "all mere lovers of pleasure, 
fond of benders and unbenders, all bon vivante, all dainty people," to keep away 
froratheYosemiite.forit will prove to them "a great hollow mockery of wild, vague, 
extravagant hopes— the biggest man-trap in the world." But Grace should have 
added that all who can appreciate a most beautiful Btock of parlor furniture, car- 
pets, tapestries, etc., should come here and visit Messrs. Plum, Bell & Co.'a estab- 
lishment on Post street. 

San Francisco is now enjoying such delightful days as compel strangers to 
acknowledge that our climate is unrivaled underthesun. But no one can thoroughly 
nnderstandthe attractions of our city unless he improves these delightful days by 
drinking our delightful wine. The place to do this is at Eberhardt & Lachman's 
cellars and store-rooms, at the corner of First and Market streets, where the choicest 
Champagnes and other Wines are always to be found. 

Winds are rude in Biscay's sleepless bay; bnt gentle zephyrs fan the brow at 
San Bruno, while the senses are intoxicated by the perfume of myriad flowers and 
the sweet songs of the free and happy dwellers in the air. Amid this beautiful 
scene rises Thorpe's Hotel, which is eagerly sought by all who, having once been 
there, know how 'tis themselves, and gladly return whenever the cares of business 
can be laid aside for the t ime. 

The "Chronicle," with reprehensible impudence, persistently sets up its claim 
to he a " live paper." We find in it many attempts at wit and sensation, bnt little 
that iB useful. The true province of a live paper is to acquaint its readers with 
facts of great value to them. A column might he written in exemplification of the 
fact that the best articles of either costly or cheap furniture are found only at N. P. 
Cole & Co.'s establishment 

The Seal Rock House is permanently established in the favor of the discrimi- 
nating public. A well ordered cuisine and a bar stocked with the choicest wines 
and liquors, insure the gratification of visitors. Those who drive to the Cliff and 
ocean beach, always malce a point of stopping at the Seal Rock House and enjoy- 
ing its elegant entertain ment. 

The Racine House, 1023 Kearny street, has an enviable reputation as an ele- 
gant and comfortable hotel. Al! its appointments are excellent, and guests cannot 
fail to be abundantly sat isfied with the pains taken for their accommodation. 

Mailer's Brazilian Pebble Spectacles are acknowledged to be the best. Those 
whose eyes are failing them should by all means visit Mulle r. 

The San Bruno Road is a splendid drive, and Harry Blanken's is the place to 
stop at. Every team should be halted before his door. 



HOME MUTUAL INSURANCE COMPANY OF CALIFORNIA. 
•- 1X4 CnlUnriilii St.. Ylerchiint- H*rlmiu;c Itnlldlna. J'Iit mid Mn- 
rtne mpany. Capital, $780,000. <Vrn-xKH:-John H. Hedlngton, 

President; I iv- h, iinwnr'ri, v !■■■■ i ■!-.•■ i<i> m ; rtuirie* k. fitory, Boorotaryi N. B. 

Eddy, Marine Secretary, 11.11, BIGULQW, I iral Manager. Dikkctor*.— San 

Pranolsoo Qao. M BowaroVP. D. Al_orto_,H. F. Teachemaonor, A. B.Grogu_>John 
U. KotiinKton. A. w. Bowman, C. s. n..i»t.r., n. m. Hartshorn*. D. Oonrad. wm. H. 
Uoor.Ge t.S. Johnson, H, v Tllden, W M. Oreenw I, B. L. Jones, Goo.s. Munn, 



Pre. 



. IT, .IT,, ,Mi-, (iHlhUMlV, V> . I . llfttTHK, U. » )lU;niOU)U* I\. 

P. HotAllnjr. Oregon Branch P, Waasorman. B. Goldsmith, L. V. Grover, I). Ma. 

owla. Lloyd Hroftkr, J. A. Crnwfonl, 1). M. French, J. Lowenberff, 
yd. M*n»fior, W. [,. LuAU, Trc»«urer. Maryitvlllc— D. E. Knight. Sun 



Cyrua WUaon, W. H. Foater, Jr M Jba'. Oalloway. W.T, Qarratt, O. Wflterhouae. a. 
I'. Uotallng. Oregon Brand " 
rtiMiy.C. H.1 

lUmtlton Beyd, MAimger, ' 

DlegO— A, H. wlloox. BnerarBento Briinch— Charles Crooker. A. Itrdtngton, Mark 
Mo^tkliiN. .Iiik. Carolau, J. K, HoiiKliton, 1>. W. Eurl, Inane Loiimnn, JuMwh Wetzlar, 
•Tullutt wet/htr, MiimtKer, I. Lolunaii, Sccrotitrv. BtoektOD Hraneh -II. II. Hewlett, 

Geo.S.BvaaB.J. D.PeUre, N.M.Orr, w*. F.MoKee, A. w. Simpson, a.t. Hudnom 

II. M. F .iiitiiiiK, II. II. Il.-wlott, MutiiitfiT, N. M. On, Secretary ban JOBO Hnuicli— T. 

Kllard Bean", .lo-<tah Hriflrn, a. I'i'.otoi-. ^.s. Carter, Jaeksen Lewla, N. nay««,Noah 

Pal r, ll. l). Vurnhv, J. -I- Mfiinv, Maiinff'T, A. K. Mimdy, Secretary. Orasa Valluy 

-W1H lam Watt, Robert Watt Revadft— T, W.Bigonrney. Feb. i ( . 



T 



FIRE AND MARINE INSURANCE-UNION IN8. CO. OF S. F. 
he dOUtornla i-l«n«l-.-i:si;.i.iiHlit «l In ism—Won. 410 mid 4IH run. 

lorulaelrcp;. f'ntb capital. $750,000 in Gold. Asuets i-xeised *1 ,000,000 Coin. Fafcr 
Liati-s! l'rttiiuit Settlement Of LoaeenJ ! Solid Security ! ! Diiirctuku— J, Mora Mohs, 
James tltb, William h. Barron, J. O. KilHc. Hanh-l Mavor, M. .1. O'Connor. W. W. 
MoutaRUe. Moses Heller, Adam Grant, N.J. Dana. V,'m. Scholle, Charles Kohlcr, 
JoBcpIl Beuor, W.C. Italston, I. Lawrence Pool, A. Weill, Joseph Brandenstcln, 
Benjamin Brewhtor, Jahez Howes. MHton S. Latham. Nioholaa Limine, .lolin ParroM 
L. Sachs, M. D. Sweeney, Morton Checuman, James Phelan, tlns.Toucliard, Nicholas 
Larco, N. G. Kittle, George ('. Hlckox, George C. Johnson, L. A. Booth, T. E. Lln- 
deiiberger, L. Cunningham, Peter Decker, MaryBville. 

(ITT — 



CiiABLfis &. Hxvbn, Secretary. 



GUSTAVE TOUCHARD, President. 
Gbo. T. Bouen, Surveyor. May 7. 



REMOVAL AND CHANGE OF AGENCY, 

Tin- public lire InviiMl to take iioliortltn< the JFAnn InrarnnoeCom* 
panyoT Hartford, have removed from the corner of California and Leldesdorfl 
streets, to the opposite side of California street. No. 14 Merchants' Exchange Build- 
ing. Also, that they have recently appointed the undersigned their General Agent 
for this Const. All business of the Company will be attended to at their new loca- 
tion, by the newly appointed General Agent. The old jEtna has cash assets of. 
$5,052,*5o, and an experience of Fifty Years In the lire Insurance business. 



Wm . Ma cdonalp , Agent. 



Nov. 21. 



NEW ENGLAND MUTUAL LLFB INSURANCE CO., OF BOSTOK. 

Hat iraiiuicted the husitit--. «r Lite lititnmnee fur over n qnnrter 
of-acentnn - - Its assets awount to over Nike Million Dollars. The law of 
Massachusetts makes all its Policies nonforfeitable. It is a Purely Mutual Company, 
dividing every cent of surplus among Policy-holders. This is toe Only Company 
on the Paclllc Coast governed by the Massachusetts Lapse Law, 

WALLACE EVERSON, General A^erit, 
April 23.] N. E. cor . C alllornla and Sansome sts., opposite Bank of California, 

FIRE AND MARINE INSURANCE. 

The Flremftii'B Fnnil Iimurniiee Company, of Snu Frnnclsr4», Cnl- 
lfornia. Organlred April 25, 1963. Capital, $500,000, fnlly tpt.id in gold coin. 
Fire, Marine, Harbor and Inland Transit Risks, on terras as favorable as any other 
reliable first-class company. Greatest amount taken on one riBk, $50,000. Portions 
of risks considered too large will be re-lnBured in responsible companies. Losses 
promptly paid In United States gold coin. D. J. Staples, President; G.T. Lawton, 
Y ice-Prealdcntj Charles R, Bond, Secretary, 

NORTHERN ASSURANCE COMPANY, OF LONDON AND ABERDEEN. 

Subscrlhetl Cnpittil, «1O,OOO,OO0; Aevumnlnted Fund. $5,770,000; An- 
nual Fire Premium, $1,065,000. Losses Promptly Paid in U. S. Gold Coin. 

W. L. BOOKER, Agent, 
[Jan. 13.] No. 319 California street.San Francisco, 
J2?" The Policies of this Company are not only guaranteed by the Capital bnt by 
the unlimited personal responsibility of fnlly seven hundred Shareh older s, 



O" 



COMMERCIAL INSURANCE COMPANY OF CALIFORNIA. 
fflcelnSan FranclHeo, No. 435 California atreet.— Fire, ITIiiriuennd 

Inland Navigation Risks. Capital: $200,000. Directors: W w Dodge, Claus 
Spreckles, Michael Skelly, M P Jones, Selden S Wright, W B Cnmmings, C F Mac- 
Dermot, James M Barney, F S Wensinger, C WKellogg, A W Gee, Peter Dean, John 
H Wise, Ciias S Deering, Levi Stevens, James Gamble, E T Gile, Charles Main, Don- 
ald McLennan, W B Hooper, G L Bradley. Sacramento: HC Kirk, H S Crocker, D 
W Weltv.N D Thayer, J H Sullivan, F S Freeman. C. W. KELLOGG, President. 
H. G. H or neb, Secretary. July 2?, 



IMPERIAL FIRE INSURANCE COMPANY OF LONDON. 

EatnbllMlied in 1803. — Capital. 88,000,000. — X.OHaes paid here in enrih. 
Immediately on adjustment, in United States Gold Coin. 

FALKNER, BELL & CO., Agents for California, 
Feb 8. No. 430 California stre et. 

THE STATE INVESTMENT AND INSURANCE COMPANY. 

Fire and iKnriiie.— _Vo. 409 California street, opposite Rank or Cat* 
ifornia. TYLERCURTIS, President. 
Peter Doxa-hub:, Tlce-President. Jan.aO, 

BRITISH AND FOREIGN MARINE INSURANCE CO. OF LIVERPOOL. 
iipital, 85,000,000— Agren t»: Balfour, Gutnrle A Co., No. 308 San- 



C 



some street, San Francisco. 



TO THE PURCHASERS OF TEN DOLLAR LOTS. 

As Agent of (be Dveoto Land Company, I desire to call the atten- 
tion of my patrons to the new town of Decoto, near the new Beet Sngar Mill, in 
ALAMEDA VALLEY. Choice baslmess lots and lots lor manufacturing purposes, 
fronting on the main and side tracks of the Central Pacific Railroad, are now offered 
for cash, by the Directors. Also, residence lots, beautified with evergreen trees, pay- 
able In monthly Installments of $10. As a shipping point for manufacturers, it la un- 
eqnaled, as it commands, by railroad, the entire State. Ab an Investment, I consider 
this property superior to any I have ever offered in this market. 

HARVEY S. BROWN, 
Agent Decoto Land Company, 624 Montgomery street, Montgomery Block, next to 
the Bulletin Publication Office. Dec. 24. 

CALIFORNIA JEWELRY COMPANY, 

Levlson Bros.. No. 131 Mutter street, San Francisco.-~SoIe Aeinln for 
American Watch Company, National Watch Company, Howard Watch Com- 
Bany, Charles E. Jacot Watclies, Carter, Howkins & Dodd _ Fine Jewelry, Meriden 
rltannia Co.'s and Rogers Bros. Plated Ware. Importers of Watches, Diamonds, 
Jewelry, Watch Materials and Tools, Optical Goods. Manufacturers of Jewelry, 
Diamond Setters and Lapidaries. March 16. 

C. J. COLLINS, 
atter, IWo. 321 Montgomery street, near California street, under I. 

O.O. F.Hall. Masonic, Army and Navy Goods a Specialty. All goods Im- 
ported or manufactured by me are guaranteed to be of the very best quality. Thank- 

w " """le public, I hope 



H 

fiorti ..... 
ul for the large and increasing patronage bestowed upon me by the i 
to add to it by the superiority ol my work and the reasonable figures at which every 
article is sola. June 29. 

OPERA B0UFFE! AIMEE! LIBRETTOS! SCORES! 



All the munie, both voeal and Instrumental, from the principal 
Comic Operas, as given by the Aimee Opera Troupe, at the California Theater, 

published ami fo r sale at [July 0.1 GRAY' S M USIC STORE , 623 and Egj Clay st. 



E. F. Child.] CHILD & TIBBEY, [E. S. Tibbbt. 

Stock Brokers, 503 California street. Nan Francisco, California. 
March 2. 

GOLDEN HILL COBALT, NICKEL AND CHEMICAL WORKS. 

Stoke upon Trent. Staffordshire, England.— J. If. Williamson, the 
proprietor of the above works, is open to purchase Ores of Cobalt, Nickel ana 
Bismuth; also, Borate of Lime and Tincal. Aug. 5. 

OUTSIDE LAND CLAIMS. 

All those bavins? received Ninety-one per cent, of their claims for 
lands taken by the City for public uses, under Order SOO. will please hand the 
undersigned, within thirty days from date, their statements of balances due. 

Collector of Outside Land Assessments, No. 1 City Hall. 
Sau Francisco, July 31, 1812. Aug. 5. 



THE DAILY FINANCIAL POSTSCRIPT 



Aug. 8- 



OFFICJE OF FINANCIAL POSTSCRIPT, 

San Francisco, 12 M., Aug. 8, 1872. 



Out Mailing Department. 
The attention of readers of The Financial Postscript is invited to the 
details of Our Mailing Department, which will be found succinctly stated 
hi the announcement on the fifth page of this issue. This department 
has been made a special feature in the business of The Financial Post- 
script. Californians who have traveled tn Europe are awa?c that it is dif- 
ficult to procure sight of a Californian newspaper either in the United 
Kingdom or on the Continent. The Financial Postscript is not only oo 
file at orsr agencies, o5 which a list is given elsewhere, and at places of 
commercial resort in every import money center of Europe, but is deliv- 
ered at B^mdisi, Italy, on board the Peninsular and Oriental Compiisy's 
steamers bound for India and the China seas. Here the files of this paper 
meet the eyes of Europeans mating the Eastern voyage. The character 
of the contents of The Postscript, presenting in compact form a daily re- 
flex of the great native and developed wealth of California, is calculated 
to arrest attention. This condensed recital of multitudinous facts tells 
the story of the attractions of California with a more effective eloquence 
than brilliant rhetoric or picturesque recital. The daily facts gleaned 
from our mines of gold, silver and precious stones, orar wheat fields, vine- 
yards and sheep ranches, our rapid railroad development, the indefatiga- 
ble industry and practical sagacity of our people reflected io a sound 
currency and conservative business enterprises, and these farts presented 
m a form that can be grasped at a glance, are calculated to impress an 
image of California on the minds of distant readers more vivid and more 
enduring than any other " word painting " eoald effect. In accomplish- 
ing this, The Postscript achieves tn¥most useful service that a California 
paper can render to the public. And in order to appreciate the extent of 
this service, the list of agencies given under the head of "Our Mailing 
Department" in another page, must be consulted. 

Latest Phase of the Railroad Question. 

The Executive Committee of the San Fraucisco Committee of One 
Hundred yesterday received a report from the Sub-Committee on existing 
railroads in reference to a policy to be adopted by that organization in the 
matter of bringing these railroads to a terminus in San Francisco. The 
Sub-Committee, consisting of John S. Hager, Wm. Sherman and John 
Bensley, submit estimates of the cost of two railroad bridges across the 
Bay, to be built on the most economical plan adequate to the end pro- 
posed — one from Alameda Point to Hunter's Point or Kol ling-Mill Point, 
the other to cross at or near Ravenswood in San Mateo county. The 
estimates arc prepared by G. F. Allardt and T. J. Arnold, civil engineers, 
and men whose work may be relied on. A bridge from Alameda Point to 
Hunter's or Rolling Mill Point is estimated to ct>st $4, 763,375, and a bridge 
at Ravenswood $906,355. By con lining the bridge to a single track, the 
cost of the Alameda Point bridge might be reduced by £40,000 and that at 
Ravenswood by §55,000. The Sub-Committee on existing railroads report 
as their opinion that if the Alameda Point bridge can be constructed with- 
out injury to the harbor "it may prove to be a solution of the whole 
question. If it should be constructed (they go on to say) all proper 
facilities for reaching the shipping at the city front, all terminal accom- 
modations necessary for receiving and discharging merchandise at the 
least possible expense to the commerce of the city, should be extended to 
the railroad companies." The Sub-Committee is not of the opinion that 
a bridge at Ravenswood would effect the proposed end of bringing the 
State railway system to a terminus at San Francisco. Another member of 
the Executive Committee (Mr. JohuT. Doyle) is of opinion that a bridge 
at Alameda Point will not do, for reasons recited in the following resoln- 
lution submitted by him to the Executive Committee : 

Sesolveti, That the cost of a bridge from Alameda Point, or its vicinity, 
to the western shore of San Francisco Bay, though not accurately known, 
would evidently be so great as to forbid any aid to a competitive road ; it 
would also require several years to construct it; it is not shown to be 
consistent with the safety of the harbor; its efl'eet upon the population 
and values of property in the city is liable to be injurious, and it could not 
be undertaken without special authority from the Legislature. Hence it 
cannot now be proposed as a solution of existing questions with the rail- 
road companies. 

Without reaching final action on toe above resolution the Committee 
adjourned. 

Railway Map of Arizona Diamond Fields. 
A new map of the Territory of Arizona and part of that of New Mexico, 
together with the counties of California which lie south of the latitude of 
San Francisco, is now receiving the finishing touches and will be put to 
press this afternoon. This map has been compiled from all the latest 
sources of information, including Lieut. Wheeler's latest surveys, made 
for the United States Government, and which have not yet been given to 
the public, and the latest instrumental surveys and reconnoissanccs made 
for the Pacific Railroad Compauies. This map will be more correct, in 
every respect, than any other that has yet been published of Arizona. 
The routes of the Southern Pacific, Thirty-second and Thirty-fifth Parallel 
Railroads will be accurately delineated. The range of the ruby and dia- 
mond-bearing gravel, reported to exist in Arizona and New Mexico, will 
be laid down. It is proper to disclaim any intention to assert or intimate 
that the gravel embraces the diamond diggings recently reported on by 
Mr. Henry Jauin for the San Francisco and New York Mining and Com- 
mercial Company. We do not know where that discovery is located. 

^— The Merchants' Exchange Bank has declared a dividend of one 
per cent, fur July, payable ou Saturday. 



Important Transfer of Steamships. 

We have already called attention to the change in the business of the 
North Pacific 'Transportation: Company. Thi3 Company have long had a 
monopoly of all the coast routes radiating from Sim Franeiseo. Recently 
they have sold five of their steamers to the Oregon Steamship Company, 
Urtely organized in Oregon by capitalists and others interested io the Ore- 
gon Railroad Company. The steamers- sold ere the Ajara, George S- 
Wright, Gussic Telfair, John L. Stephens and Oriflamme. The routes to- 
be covered by these steamers are as follows ; Portland and San Fran- 
eiseo, Portland and Puget Sound ports, Portland and British Columbia,, 
and Portland and Alaska ports. By having control o-f these routes, the 
Railroad Company ore enabled to tieket their passengers and bill their 
freight through to destination without consulting other lines of trans- 
portation. The North Pacific Transportation Company retain eight 
steamers and the control of the Northern California and Southern Cali- 
fornia routes and Mexico, and w.U eootinsc business as usual without 
change of capital or officers. Following is a list of steamships owned by 
each Company ; 

OREGON STEAMSHIP CfHEFANT. 

Name. Class. Tons. 



Ajas r .Propeller.. 

George S. Wright Sidewheel . 



1,355 

215 

Gnssie Telfair , Propeller (iron) 41* 

John L. Stephens Sidewheel 1,837 

Oriflamme Sidewheel 1,682 

Total tons 4,900 

NOTCSH PACIFIC TKASSPORTATION eOXPANY, 

Name. Class. 

California Propeller 

California Sidewheel ,..._ 

Idaho Propeller 

Montana Propeller 

Orizaba , Sidewheel 

Pacific Sidewheel 

Pelican Propeller (steel) 

Senator Sidewheel 



Tons. 

674 

874 

1,077 

1,004 

1,244 

87ft 

651 

1,013 

Total tons 7,412 

The Moses Taylor, iormerly belonging to the North Pacific Transpor- 
tation Com-pany, has been sold to tbe Australian ( Webb) line. 

■ At the annual meeting of the Merchants' Exchange Bank, yester- 
day afternoon, the reports of operations during the year were received. 
The total resources are given as $618,610 W; and liabilities, 8602,941 63. 
The Directors chosen for the ensuing year are : Levi Stevens, C. W. Kel- 
logg, E. F. Hall, N. P. Cole, R. F. Knox, Edward Michelssen, Thomas K. 
Hayes, H. N. Tildcu and P. M. Bo wen. Levi Stevens was elected Presi- 
dent, and R. N. Van Brunt, Cashier. The bank has a paid-up capital of 
$300,000.. It was voted to increase the capital to $450,000, by the issue of 
$150,000 new stock, in 1,500 shares. Present shareholders have the privi- 
lege of taking the new stock up to the 10th September in pro rata quan- 
tity to the number of shares now held. If not all subscribed for at the 
expiration of that time, it will be offered to the general public on such 
terms as the Directors may elect. 

Incorporations yesterday: The Golden Gate Silver Mining and 
Prospecting Company, to work the Marietta, Rose of June, Montana; the 
Rose, Maquet, Lone Star, Harriet Lane and Golden Gate mines, in Salt 
Lake county, Utah. Capital, $4,000,000, divided into 40,000 shares. 
Trustees— J. A. Hyter, Jonas Lincoln, H. C. Howard, "tV. M. DeWittand 
H. G. Blankmau. The Keystone Consolidated Mining Company, to 
operate in the Castle Rock Miniug District, Mono county, California. 
Capital, $3,000,000, divided into 30,000 shares. Trustees— A. McBoylo, 
W. A. Searles, G. K. Porter, A. F. Bryant and O. H. Bogart. 

■■■ A comparison of the London Mining Share List for July 20th, 
elsewhere in this issue, with the List published in The Financial Post- 
script of the 3d inst, shows a decline in Eberhardt and Aurora, Nevada, 
from 8 1-2 a 9 1-2 to 7 1-2 a 8 1-2, and an advance in Emma, L^tah, predi- 
cated upon the injunction granted against the Illinois Tunnel Company, 
from 19 a 20 to 21 a 22. 

In London, on the 20th ult., Central Pacific and California first 
mortgage bonds (4s. 6d. paid) closed at 82 bid 84 xd asked — an advance ; 
Union Pacific land grant first mortgage bonds, all paid, 66—68; ditto, 
Omaha Bridge, 100 — 102; Panama general mortgage, sterling, 88 — 92; 
Panama stock, 112 1-2; Pacific Railroad bonds guaranteed by Missouri, 9S0. 

D iamon dan a ■ 

The Secretary of the " Original Diamond Discovery Company " reports that two 
thousand shares of the stock of that Company has been subscribed at five dollars 
per share. With the sum thus raised, it is proposed to equip an expedition to be 
headed by "Miner," which will proceed to a point on the high gravel ground of 
Arizona, where Miner represents that he has heretofore gathered what he believes 
to be precious stones. A sensation newspaper pobhshes what purports to be an 
account by one who claims to have accompanied Mr. Henry Janin, at some date 
not specified, to a point in Southeastern Arizona where some small Btones of little 
value were collected. On the trip in question, the party is made to start from San 
Diego. And now comes George W. Fox, out of Humboldt County, Nevada, who, 
according to tbe same paper, about a year ago visited " the grouud claimed by 
Harpending & Co.," but who found it at a point 450 miles north from the point 
where it is located by "Miner." Fox, It is reported, has organized an "Arizona 
Diamond Company" in Virginia City, which is in the market with shares to be 
sold for the purpose of raising " working capital." 



■ The Board of Supervisors of Los Angeles has ordered an election 
on the Stanford railroad proposition. Of the local press, the Star and 
Express favor 'he pioposition, and the JWaas opposes it. There is but 
little doubt that the people will indorse it. 



/ 



An;. 8. 



OF THE SAN FRANCISCO NEWS LETTER. 



OUR J? A I LS. 

Overland Puiugtn Dno this Evening, 
■lame. Bonham, Batlna, Kan.; H. H. Bonhun and aifc, .1. s. Booham, 

l I iii, i; K \ '. '-t.ii u in Boot! mnl arlfc, c. B. Seek, 0. \v. 

Wllaon, Ne* York; .1 Alnaworth, Baw, Odd .1. K. liilnc anil wife, 
city, N. .1 • lira c. Smith, New York; Geom 1'. Roae, Chicago; 
V I, Sutherland. Ann Arbor, Mien.; David Wanl, Onarlaa Ward, Sanmol 
ward. Pootiao, M'uti ; K. Dannjaon, Baenunento; .lame.-. H. Hardy, 8an 
PraoeUoo; Benjamin F. I.ewU, New York; T. K. Bpalda, Ohlcago; .1 .1 
Duno. London. Em: ; Mlaa Addle Smyths, San Francisco; II. I'. Wyman 
and wife. Mi-- s .1 Berrowe, Omaha; .1. K. Opton, Washington, £>. 0.; 
W. II. Minor. J. l> Minor ami wife, Carson. New; llenr.v M TlcB, "if,. 
and Iwo ehllaren. Ban Francleco; Albarl WUaoo and wire, GUroy, OaL; 
Charier Nlbley, Col. Loveland and wife, Brlgharrj City, Utah; Robert H. 
How land. Sun Fiaacfacoj Oharlee Kanlck, London; ft. F. Mar. lav, u, s. 
Marshall, Pittsburg, Pa.; B. Atl.r and tour children, s Sachs, s. \v. 
- m Francisco; J. W. 11. Di.-kson. PlacervUlo, Cal.; Win. 
Smlln, wife and two children, Ban Francisco; K. 11. Lair, Carson, Nov.; 
C. J. BUI, England; O. U. Sedges, W. K. Kellogft H. J. Ritun, John 
w. Crump, Charlea Mel. cowrie. Now York. 

Wlaajalatu c«r» — Tin- regular passenger trains on the Yisalla Division 
oi tin' central Pacific Railroad are now provided with sleeping cars, 
which will he. very acceptable tu passengers going south who have to 
"make a night of it.'' 

The Customs and Bullion. 

The duties paid In at the San Francisco Custom House since January 
1st, as compared with the same months of previous years, arc as follows : 

iam, is73. 

January ,511, lug 08 $497,010 37 

February 440,681 30 742,030 44 

March COO.54.1 03 Tall.llll 21 

April 555,011 00 723,040 20 

May 648.8U7 21 703,849 19 

Jane 634.297 30 459,497 51 

July 069,095 92 764,931 10 

Total £4,092,470 97 $1,650,505 18 

These figures show a considerable increase for the past month over the 
previous one as the result of the lower rates of duties which came iuto 
force. The effect of this upon the coin supply has been counteracted by 
the transfers from the Treasury, of which S'J,8o0,0u0 has taken place since 
July 1st. The State of the Treasury balance now and the changed cir- 
cumstances of this coast, which now indicate a strong demand for gold 
bullion to export, perhaps equal to the production, may cause an advance 
in the price of gold equal to the coin value which carries the 1-3 per cent. 
coinage charge at the Mint. 

REAL ESTATE TRANSACTIONS. 



Wednesday, August 6th. 



GUANTun TO GKANTEE. 



Bay View H'd to A L Lezynsky.. 
Fairmount Land Ass'n to S Knan 

Peter L Smith to Fredrika Rnf . . . . 

Jos Glesa lo John H tieiss 

G Garabaldi to A Metaitaeo 



Thos Maire to Jakobina Malre. 
City and County of S F to P. Harris 

Same to John Sloan 

Same to James Conlin 

E B Brewster et al to It M Oilman 



R M Oilman ct al to E B Brewster. 
\VH Moore to BF Kent 



Tide Land Com'rs to M Donnelly. . 

Same lo Same 

II Wozencraft lo Thos B Bishop . . 
Ellen M Brown to Albert Dibblee. . 
J L Hunt and wife to F P Hnrvey.. 
Mary .1 Geberding to K Murdoch. . 
A Mills, by assignee, to R Murdoch 



DESCRIPTION. 



2oth av biv, 150 se K, se 75 s aw 100. . . 
Lewis Off, 812.SK sw Beamis, sw 38.3?., 

n 115.1 >,, e 36, s 102— lot 93, blk 33.. . 
Humboldt n, 25 w Kansas, s 30 x n 100X 
Lot 15, blk 270, Pleasant Valley H'd.. . . 
UndX Powell w, 25 s Greenwood. s22J<f I 

x w 70; also and M coal y'd on prem | 

Mission E, 155 s 19!h, s 30 x e 122K 

Kcnlncky w, 275 n Solano, n 50 x w 100. 
Tennessee w, 125 n Batte, n 50 x w 100. . 
22d av w, 375 n Clement, n 100 x w 120. . 
14th av ne. 125 se M, se 50 x ne 100— lots I 

10, 11 blk 207 S S F H'd and R R As. f 

14th avnc, 175 seM, se 50 x ne 100 

Diamont w, 110 s 22d, s 100 x w 11.%, I 

subj to mort Lbr 344 M, 154 J 

Shipley n, 175 e 5th, e 25 x n 75 

4th and Silver ne cor, nw 30 x ne 75 

Geary and Scott nw cor, w 275 x n 137^. 
Pacific s, 300 w Octavia, w 25 x s 13714. . 

Mission e. 155 s 20th, s 60 X e 122X 

Capp e, 120 s 23d, s 125 x c 12214 

Bryant and 23d nw cor, n 130 x w 100 .. . 



rmcE 



$ 500 

300 

400 
5 

2,475 

Gift 
prem 
prem 
prem 

5 

5 

1,000 

7 

9 

1 

2,300 

300 

4,500 

4,000 



OUR MINES. 

Paciflo Coast Mines In London. 

The London M mini; World, JnlySOth, has the IWlOWlog notice of anew 

ilsn mining project In that market; "The Hudson Gold Mining 

Company, with a capital ol JUtlU.IHK) in £.1 shares, has been brought out 
during the last week, and all the present issue of capital has been sub- 
prlvately. The object of Hi.- company is to work a gold mine in 
Calaveras county, California, already opened upon Hie gnat mother lodo 
upou which the Amador, the Oneida, the Kennedy, the Owln, and many 
other successful mines are situate. The oro assays' $27 per ton, whllo the 
expense of working should not exceed $5. The company will at onco 
erect steam hoisting works and vigorously push the operations at the 
mine. Mr. J. J. Dunne, one of the directors, sailed from Liverpool lu 
the Otumput on Thursday, and visits the mine to order the machinery and 
see to Its erection. The suliseriliers, who tuko one share each, are Messrs. 

B. F. Dunne, 4.1 Tavistock square, W. C, counsellnr-nt law, U. 8. ; J. J. 
Dunne, B Finch lane; C. J. S. Alphonse, 75 Old Hroadstreel, stock broker, 

C. >•■ Hale, s Copthal court, stuck broker; J. II. Richardson, 8 Finch 
lane, merchant; A. Chadlincrn, 81) Oroat Kusscll street, Bloomsbury, miu- 
Ine agent; 11. C. Gallup, 54 Guildford street, Russell square, merchant. 

Kelerring to the injunction granted by Judge MeKcan of Utah in favor 
of the Emma Mining Company against the Illinois Tunnel Company, tho 
Mining World says : " The result of this is not only to establish the title 
ol the company to their own mine, but alBO to give them possession of 
the works of the Illinois Company, who bad been trespassing on the 
Emma property. Tho position of the mine is sufficiently explained by 
telegram, and we in common with tho directors have much pleasure in 
congratulating the shareholders on their prospects," 

The same paper gives the following particulars as to price, etc., of other 
Pacitlc Coast properties : " Utah, 4 8-4, 5 ; the agent reports that he has 
found a good body of ore in the Portland mine which is likely to bo per- 
manent, and a further body in the Sturgis mine. Pacitlc, 3, 3 1-3; Captain 
Friucaux reports having shipped four bars of sliver, valued at $tJ,51". The 
mine coutinues to look promising. Camp Floyd, 4, 4 1-2 prem. ; the di- 
rectors have received the following telegram from Captain Shaw, their 
Superintendent at Salt Lake: 'Mills working well, mines looking well. 
Will take out twenty thousand this month ; forty next.' " 

Notice to Oar Subscribers and Correspondents* 

George Johns, for several months past engaged as a traveling agent in town and 
country, has from this date no further business relations and is in no way directly 
or indirectly connected with the San Francisco News Letter, Financial Post- 
sctcipt, or other publications issaed at 623 Montgomery street. Hehasnoaathority 
to receive subscriptions. 

— — Baron Rothschild has purchased, for a very large sum (3,000 
guineas j, the whole length portrait of Mrs. Sheridan, by Gainsborough, 
exhibited in the Academy in 1783, and which was for a long time atDaiapre 
Abbey, where Sheridan was a frequent visitor. 

— — — The learned author of "Antique Gems " is preparing for the press 
another work on a similar subject. 

THE LONDON MINING SHARE LIST. 

London, July 20, 1872. 



15,0m 

2S,5i:0 
[.O.OOJ 
15,000 
50,000 

112,500 
I.0.0J) 
1...000 
40,0110 

100,0 
1.0,000 
15,050 
15,000 
ls.OJO 
;.2,5 
50,000 
40,100 



Blrdseye Creek, California (Gold) 

Eberhardt & Aurora, Nevada (Silver) 

Emma, LItali Itlold and Silver), 25,000 fully paid 

Ferguson, California (Goldi 

I..ul.l Hun, California (Gold) 

Sierra Buttes, California (Gold) 

South Aurora, Nevada (Sliver) 

Sweelland Creek, California (Gold) 

Cedar creek, California (Gold) 

Ivl ipse, California (Gold) 

Exchequer, California (Gold aad Silver) 

London and California (Gold] 

Pacifle, California and Nevada (Gold and Silver).... 

Pinto, Nevada (Silver) 

Ruby Consolidated, Nevada (Silver) 

Silver Star, Nevada (Silver) 

ITnolumnc, California (Gold) 



LAST PRICK. 



£ s.d. 

4 00 
10 
20 

2 

1 

2 

5 
•10 
1 
1 
10 
1 
70 
5 00 

10 
10 
200 



8Jf@l!,xd 

i;-«i:v 

5-1 -©7-16 

2Ji02K 

SesSK 
5X@53f 



out?, mailing depaetment. 



By a special arrangement with Wells, Fargo tfc Co., the DAILY FINANCLX.L POSTSCRIPT is delivered on each westward-bound train on tlie Ihdjic 
Railroad bcttcc&i Omaha and Sacramento. 

By an arrangement with a Special Agent at Brindisi, Italy, complete files of Hie DAILY FINANCIAL POSTSCRIPT are delivered on board each 
outward-boimd Steamer of the Peninsular and Oriental Company's lines, with passengers for Alexandria, Aden, Ceylon, Bombay and, Calcutta. Files are 
aho delivered, under the same contract, at Point-de- Galle, Ceylon, on board each steamer eastward-bound, with passengers, for Singapore, Batavia, Manila, 
Bangkok, Hongkong, and other points of destination in the Indian Ocean and China Seas. 

All travelers bound from Furojyc to the Fast vnll be advised through the FINANCIAL POSTSCRIPT of the attractions and advantages of returning ma 
California and the Trans- Continental Railtoay. The FINANCIAL POSTSCRIPT has wound a band of paper round the world, which he who runs 
may read. 

The DAILY FINANCIAL POSTCR1PT is thus rendered an nnequaled and unapproachable medium for the advertisements of Bankers, Merchants, 
Hotel KeejTers and all toho either have a business with the 0>Hent or may expect to do a business with travelers from those lands. 

The Subscription to this Journal for one year is Twelve Dollars to any part of the world. Terms for Advertising, 25 cents per full line 

running across the page, each insertion ; 15 cents per half line, running across one column. 

Sid>senptions and Advertisements received abroad by the following Agents, who have a complete file of the FINANCIAL POS'2'SCRIPT on hand; 

Hongkong, Canton, Macao and Swatow— BlacEwen 

& Co. 
Manila — Loyzaga &. Co. 
Amoy— Brown & Co. 



London— Fal gar, St. Clement's Lane ; J. Haddon & 
Co., 3 Booverie street, Fleet street ; George Street, 30 
Cornhill. 

Paris— Sprent, Sprent & Phipps, Enc de Rivoli 240. 

Brindisi— Mr. Cocoto. 

Hamburg— K. Carl. 

Bremen— G. Steinmeyer. 

Rotterdam (Holland)— H. A. Kramers. 

Amsterdam (Holland)— Mackay, Boomkatnp & Co. 

New York— William H. Fogg & Co., 32 Burling Slip ; 
A. Brenbano, News Agent. 



Anjer (Straits of Sunda)— G. Schntt, Anjer Hotel. 
Aden — Cowasjec Dinsbaw. 
Point-de-GaUe— Frederick Piters. 
Colombo— J. Maitland & Co. 



Singapore, Labuan and Sarawak— John Littie & Co., 

Singapore. 
Saigon— Von Bargen & Co. 
Penang— Sandilands, Battery & Co. 
Batavia— Hongh ton & Co. 
Samarang— Jncobson, Van den Ber^ & Co. 
Sourabaya— Houghton & Co. 



Foo-Chow— Hedge & Co. 
Shanghai— H. Fogg & Co. 
Hankow— Virgo, Matthews & Co. 
Tien-tsin — James Henderson. 
Nagasaki (Japan)— Pignatel & Co. 
Yokohama (Japan)— Lane, Crawford & Co. 
Osaka and Hiogo— K. de Piotrowski. 



THE DAILY FINANCIAL POSTSCRIPT Aug. 



A& PACIFI© BMU6AB 

TIUVCIE TABLE. 



Commencing Monday, April 29, 1872, and until Further Notice, Trains 

and Boats will leave San Francisco 

h An A. M. Overland Express Train for Sacramento, Marysville, Red Bluff, Colfax, Reno, Ogden and Omaha, 

n nn P, M. San Jose Passenger Train, stopping at all Way Stations. 

i nnp, JI. *Passenger Train for Stockton, Merced and Sacramento, 

p nn p, M. Overland Emigrant Train. Through Freight and Accommodation. 

« Q f\ A. M. Steamer New "World (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

A (\(\ F. M. *Sacramento Steamer (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

Q fifl P. M. *Steamer Antelope (from Broadway Wharf), connecting at Donahue with Trains of S. F. and N. P. R. R- 

8f\r\ A. M. Excursion Boat (Sundays only), from Broadway Wharf, connecting with Special Train of S. F. and N. P. 
•UU Railroad for Cloverdale and intermediate points, returning to San Francisco by 7.00 P. M. 

Oakland Branch.-I-eave San Francisco 7:00, 8:10, 9:20, 10:10, 11:20 A. M., 12:10, 1:50, 3:00, 4:00, 5:15, 6:30, 8:15, 
9:20 and *11:30 P. M. (9:20, 11:20, and 3:00 to Oakland only.) Leave Brooklyn *5:30, 6:40, 
7:50, 9:00 and 11:00 A. M., 1:30, 2:40, 4:55, 6:10, 7:55 and 10:10 P. M. Leave ! akland *5:40, 6:50 
8:00, 9:10, 10:00 and 11.10 A. M., 12:00, 1:40, 2:50, 3:50, 5:05, 6:20, 8:05 and 10:20 P. M. 

Alameda Branch-Leave San Francisco 7:20, 9:00, 11:15 a. m., 1:30, 4:00, 5:30 and 7:00 p. m. (7.20, 11.15 and 5.30 
to Fruit Vale only. Leave Hayward's *3.45, 7.00 and 10.45 a. m., and 3.30 p. m. Leave Fruit 
Vale *4.40, 7.35, 9.00 and 11.20 a. m., and 1.30, 4'05 and 5.30 p. m. "Except Sundays. 

A. N. TOWNS, General Superintendent. 
T. H. GOODMAN, General Passenger and Ticket Agent. 

PACIFIC MAIL STEAMSHIP COMPANY. 

Regular Mail Steamer leaves Wharf, corner of First and Brannan streets, on the first of every month, punctually at 
noon, for YOKOHAMA and HONGKONG, connecting at Yokahama with the Company's Branch Line for SHANG- 
HAI, via Hioga and Nagasaki. When the sailing date falls on Sunday the steamer will sail the preceding Saturday. 

From May to October, inclusive, an Extra Steamer will be dispatched on the 16th of every month 

August 16th, Steamer 

COLORADO, Capt. Warsaw. 

August 31st, Steamer JAPAN, Capt. Freeman. 



FOR NEW YORK, via I»^IV^31^. 

INCEEA8ED SERVICE. 

Leave punctually at 12 o'clock noon on the 3d, 13th and 23d of each month for Panama, and connecting, via 
Panama Railroad, with one of the Company's splendid steamers from Aspiuwall for New York- Beginning August 13th 
all steamers touch at San Pedro and San Diego. 

August 7th, Steamer ARIZONA, Captain Farnsworth. 

CALLINC AT ACAPULCO. 

Until further notice steamer of the 13th will connect for Central American Ports, viz : Champerico, San Jose de 
Guatemala, Acajutla, La Libertad, La Union and Punta Arenas. Steamers of the 13th and 23d will call at Mazatlan 
and Manzanillo, and all steamers at Acapulco. 

Through tickets sold to and from Liverpool, Queenstown, Southampton, Bremen, Brest, Havre, Hamburg, Stettin, 
Copenhagen and Norway. Apply at the. Pacific Mail Steamship Company's office, at Wharf, cor. First and Brannan sts. 

ELDBIDGK & IRWIN, Agents. 



Aug. 8 



OF THE SAN FRANCISCO NEWS LETTER. 



YIEWS ALOHS THE CEITSAE PACIFIC ROUTE, 




CAPE HORN. 

J97 milea from San Francisco— Altitude 3,600 feet. 



EMIGRANT GAP RIDGE. 

392 miles from San Francisco— Altitude 5,374 feet. 




AMERICAN RIVER, Cape Horn. 

193 miles from Sou Francisco— Altitude 3,500 feet. 



SUMMIT OF SIERRAS. 

2-i3 miles from San* Francisco— Altitude 10,000 feet. 



THE DAILY FINANCIAL POSTSCRIPT. 



Aug. 8. 



THE BANK OF CALIFORNIA. 



sant ^ , n.^\.3voisoo. 



Capital, 

B. 0. MILLS, President. 



$5,000,000 



I W. C. RALSTON, Cashier, 

AGENTS: - 

In New York, Messrs, Lees and Waller; In Boston, Tremont 
National Bank; in London, Oriental Bank Corporation. 

U^~ The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
of the Pacific Coast. 

Available for the purchase of Merchandise throughout the United States, Europe, India, CLiina, Japan and Australia. 

Exchange for Sale on all the Atlantic Cities. 

DTCAW DIRECT OTST 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frankfort-on-thc-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AND SAHT FRANCISCO BANK 

With which has been consolidated the business of 

I^^XfclfcOTT &, OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 



0<£V£Dite.l ? - - 85,000,000. 



Reserve I^-u.xicaL, SSOO.OOO 



Of which $3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

SAN FRANCISCO OFFICE, 4^3 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodewald, Esq., Chairman; H. L. Bischolfsheiin, Esq. (Messrs. BiseUottsheim & Goldsclimidt) ; J. F. Flemmieli, Esq. (Messrs. F. Huth 

&Co.); E. H. Green, Esq. (Messrs. Russell and Stllrgis, of Manila); Jnlius May, Esq. (of San Francisco), Frankfort-011-the-Main ; 

J. S. Morgan., Esq. (Messrs. J. S. Morgan & Co.) ; Baron H. de Stern (Messrs. Stern Brothers) ; Rudolph 

Sulzbach, Esq. (Messrs. Sulzhaeh Brothers), Frankfort-on-tue-Main. 



Manager in London : - -.- 

f5eeiet«sy» = » » « 

Presideat in Sas Fraaoisco 



m 

Assistant Manager (San Francisco), 
Accountant, ... 



K. D. PEEBLES, Esq. 

1£TQ1T So LATU1 



CAMILO MARTIN. Cashier (San Francisco*, 



- ARTHUR SCRIVENER. 
ALFRED BANNISTER. 

The Bank ih prepared to transact all kincU of General Banking and Exchan_re Business, in London and San Francisco, and between said Cities and all parte of the 
world. Tlie Sau Fr.mcI-.co Office; s authorized to draw Bills of Exchange or issue Letters of Credit upon either of the under-named Founders and Proprietors of the 
Bank, or (at the option of the buyer) upon the following Honses, with whom the Bank has established credits, viz: LONDON— The London Joiut Slock Bank, No. 5 
Princess Street ; Messrs. Bi-choffsheim, Golds, chm kit & Co.; Messrs. Fruhlin"- & Gosehen ; Messrs. Frederick Huth & Co.: Messrs. J. S. Morgan & Co. (successors to 
MfesOT. Groree Poabodv & Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Drexei, Morgan & Co., 53 Exchange PW.ce. BOSTON— Third National Bank. 
PHILADELPHIA— Mopsrs. Drexei &, Co. PARIS— Drexei & Co.; Bisehoffsheiin. Ooldwhmidtd: Co.; Messrs. A. J. Stern & Co. FRANKFORT-ON-TUE-MAIN -Mr. 
Gvbrftdtfr Sulz'ouch j A. J. Stern & Co. GERMANY— Bunk of Saxe Meiningen. AMSTERDAM— Banque de Credit and Depot des Pays B.ia. ANTWERP— Nottehotm 
Brotiu.rs ; ff. R. Dis.-lioilsheim. HAMBURG— John Berenherg, Gossler & Co. BERLIN— Deutsche Bank Actien Gesellschuft. GENOA—Dapples & Co. NAPLES 
a-id FLORENCE— Anglo-Italian Bank. VALPARAISO and LIMA— Fred. Huth, Griming & Co. MANILA— Russell & Stargfe. CHINA and JAPAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Australia; Bank of New South Wales. IRELAND— Provincial Bank ui' Ireland, 
and all its branches, viz : Dublin, Cork, Limerick, Clomnel, Londonderry, Siigo, Wexford, Belfast, WateiTord, Galway, Armagh, Athlone, Coleraine, Kilkenny, Ballina, 
Tralee, Yoiighal. Enniskillen. Monagban, Banhrid^e, Ballvmena, Parsonstown, Cavan, Omigh, DtiQ._arj.aoti, Bandon, Ennis, Ba'.lyshannon, Strabane, Dungarvan, Mai- 
low, Cuotehill, Kilrush, Skibbereen, EnniBchorthy, Fcrmoy, Newry, Drogheda, Nenagh, Toniplemore, Carrick-on-Suir, Cari-ick-oii-Shannon,Clogheeu, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID TO SELLING OALITOMrA SE0UEITIES IN EUROPE. 

Collections, Purchases of Real Estate and Mining Shares, and Invostaients of all kinds in California. 



MILTON S.' LATHAM, President. 



SfOllI PAiIIIill41i#iBSAtl§I fib 

BEN. HOLLADAY7"Pre®ideiit, 

gaji; f-rajicise®. 

WM. N0RKIS, Vice-President, San Francisco; H0LLADAY & BKENHAM, General Agents, San Francisco. 
IDispatch Steamers to tlie tbllowmg places. 

IBest&esa M^nMes 

Portiand, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

g.om.u.esji 3_.wB.t-es 

Santa Crux, Monterey, San Simeon, San Luis Obispo, Santa Barbara, Los Angeles, Anaheim, SanDiego, Etc. 

£a.ex£eaje E««£i«» glesmieE ©vesy itezif Bmjs & 

Cape (St. Lucas, Mazatlau, San Bias, Gaaymas, and La Paz. 

OFFICE s 217 Saffisorae Street, Sain Francisco. 

The Premium Shirt Maker, Mrs. EVELINE MORRIS, 526 Kearny Street 




NEW; 




Prion, single copy, 3 mitt ; per Week, 
25 cents ; per Annum, including Postage 
to any part of the world, Twain Dol- 
lars. Printed and Published br Frederick 
Marriott, No. 623 Montgomery Street, 
San Francisco. California. 



Delivered immediately on the arrival of 
the mails in Now York, Liverpool, London, 
Paris, Hamburg, Frankfort, Berlin, T.uez, 
AleMantlria, Yokohama, Shanghai, Hong- 
kong, Melbourne, Auckland, Sydney and 
Islands of the Pacific Ocean. 




[Established July 20, 1856.1 

latest Wtm from <8hw iOiamoml Mhm in Pcic Mlcxico attd Jtaigtftia. 



<X7 



Dispatched Daily by the Mails to every Monetary and Commercial Center throughout the World. 



Vol. 1. 



SAN FRAN0IS0O, FKIDAY, AUG-. 9, 1872. 



No. 17. 



OFFICE OF FINANCIAL POSTSCRIPT. 

San Francisco, 12 M., Any. 9, IS 72. 



BULLION, MONEY AND EXCHANGE. 

OLD BARS, 860 to 70. Silver Bars 1 1-4 Discount. Treasury Notes 
are selling at 87 to 87 1-2. Mexican Dollars, from 8 to 8 1-3 pre- 
mium. 

EXCHANGE ON NEW YuRK, 1-2 per cent. prem. for Gold; Currency, 
14 1-4 per cent On London : Bankers, 49 to 49 1-8; Commercial, 49 
1-2 ; Paris 5f. par dollar. Telegrams, J, 



G 



\RICE OF MONEY HEBE, 1 to 1 1-4 per cent- per month— Bank rate. 
In the open market, 1 to 1 1-2 per cent per month. The demand is 
active. 



SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



Oplir 

D« 

Do 

Gould & Carry 

Do 
Savage 



SHARES. LOW. HIGH. 

...215 41 44 

... 50 .... b30 42 

.. JK b5 42 

... 20 175 178 
... 10 .... b30 ISO 
...270 159 161 

Bo" 55b30 162« 164 

JJo 10 .... 05 1110 

Do 20 .... S3 100 

Ohollar W3 93 96 

Hale&NorcrosB.-. 80 84 85 

Do .... 10 •••• 010 Si 

Crown Point 505 137 150 

Do 20 .... b30 150 

Do 20 .... sSO 148 

Yellow Jacket 210 144 147 

Do 80 bSO 147 150 

Imperial 845 W* «« 

Do W •— "20 14 

Empire vr... 875 15* IS 

16* 
63 
02 
8 
192 « 
121 



Do 400 b30 10 



70 



Alpha 

Do ■•■- 30 

Cons. Q. H. Quarts.220 

Kentuck 20 

Belcher 275 

Do 20 

Do 50 



02 
.. 05 
IX 



119 



b30 123 
b3 121 



SHARES. 

Oonfidence 565 

Sierra Nevada 50 

Seg, Belcher 55 

Do 10 

Daney 40 

Overman 55 

Do 10 

Justice 175 

Do 20 

Saccor 135 

Buckeye 375 

Jolia 215 

Caledonia 205 

Do 160 b3 

Do 20 

Knickerbocker 390 

Do 100 

Do 50 

Baltimore 240 

Bacon 5 

Bait. American — 535 

Silver Hill 25 

Eclipse 200 

Trench 485 

NewYoTk 150 

Union Con 50 

Wooiville 575 



LOW. HIGH. 

13 M \3X 

15X 15X 

122 123>i 

.... b30 126 

«X 

84 85 

.... b30 87>< 

loi'.i 

b80 16K 

4!« *X 
S!4 
5?i 6 

64 
06 



63 

65 



... bSO 9!s 
... sOO 8'4 



80 

7 

18 

22 
»X 
iX 
4% 



17 a 

21 



At the California Stock Exchange Board. 



SHARES. LOW, 
.... 50 



Ohollar 10 

Cr, Point Bavins... 50 

Huhnfc Hunt 300 

Do 100 

Do WO 

Louise °0 

Mt. Jefferson 200 

Ophir 60 

Pictou 300 



HIOH. 

m 

b30 98 
2 

3H 

b3 4 

b30 3% 

2 1-5 

% 

44 

% 4-10 



SHARES. LOW. 



Page & Panaca. ... 500 

New York Con 100 

Pea Vine 200 

Phmniz 300 

Do 50 

Pioche 20 

Revenue Con 20 

Savage 25 

Sierra Nevada 20 



i'4 
IK 
1 30 
4« 
... b.30 4% 
283£ 29 



101 



162 
15X 



- The Liverpool Whe at quotation has advanced from lis 8d to 12s. 
' See interesting reading matter on page two of this issue. 



LATE ST TELECRAPHIC N EWS. 

LOKDOX, AUG. 9. 

United States 5-20 Bonds, 92. (Liverpool Wheat Market, 12s. 

Consols 92;j©92s;. 

A'jEIF YORK, AUG. 9. 



Gold opened nt 115*; ; 11 a. m. at 115K. 

Sterling Exchange, )0flM@H09K. 

Flour, — . 

Pacific Mail, 74>f- 

Wells, Fargo & Co.. 80J<f. 

Oil, Sperm, quid, *1.8S®*1.40; Win- 
ter Bleached, $1.00@$1.68 ; Whale, 
firm, 70e®— ; Winter Bleached, 
70®75. 

Hides, drv, 23!i@24^cj eaIted,12@12K. 



United States Bonds — Five-twenties of 

1802, HO?;; 1867, 115%. 

Wheat, — 

Barley, — 

Quicksilver Mining Company, 42#. 

Cotton, quiet, 21?.{c. 

Wool, Sprins, fine, 38@45c; Burry, 30® 

35c.; Pnllcd,505i)60c.;Fall Clips, 32® 

37c. Burry, 20®25c. 



YESTERDAY AFTERNOON SALES 

At the California Stock Exchange Board* 



SHAKES. 
Alps 550 

Do 200 

American Flag 325 

Adam's Hill 700 

Belcher 135 

Belmont 50 

Bowery 215 

Cons. Virginia 55 

Caledonia 70 

Do 10 

Do 20 bS 

Chief of the Hill... 50 

Chapman 310 

Condor 1045 

Crown Point ..805 

Chollar 50 

D« 10 

Empire 100 

Eureka Cons 475 

Do 200 

Eclipse 2140 

Gould & Curry .... 25 
Golden Chariot ... - 40 
Huhn and Hunt-.. 1045 

Ingomar 50 

Ida Elmore 25 

Do 100 

Independent 475 

Jackson 100 



LOW. 


HIGH. 1 


4« 


4* ■ 


.... b30 


«« 


19X 


SOX j 


2,V 


2 


119 


120 




7 


»x 


2« 


35 


30 




65!<i 


.... b30 


07 


65 


66 




4X 


2 


3>i 


3 


SH 


130 


135 




97 


.... blO 


98 




1« 


22« 


23 


... b30 


23 »i 


18 K 


19 


178 


180 


11,« 


12 


3',: 


3% 




IX 


iox 


17 


... 1)30 


17 




IX 




75c 



SHARES. 

Lillian Hall 100 

Meadow Valley. . .1210 
Do ....450 bSO 

Mocking Bird 200 

Minnesota 200 

Mahogany 50 

Newark 250 

O.H.Treasure.... 30 

Pioche 355 

Do 30 . 

Plnenix 550 

Do 100 

Pea Vine 100 

Page & Panaca.... 650 
Raymond & Ely... 245 
Do ... 30 

155 

Do 10 

Do 70 

Do 10 

South Chariot 520 

Star Consolidated. .100 

Trench 190 

Wask'tonfe Creole. 80 

Wellington 20 

Yellow Jacket 20 

Do .... 10 
Do .... 90 



OW. HIGB. 

90C 
15% 10 
1G 16J4 

.... 1)5 2 
IX 2 
15 
2* 
6X 
28Af 30 
... b30 80% 
4* 4?.i 
.... b30 4ii 
l'i 

zx 

157Jtf 158 
. . . D30 158 
164 165 
... blO 106 
... O30 168 
... b.3 165 
2* 



IK 
21 22 
4% 5 
3 
145 146 
... B3 147 
149 150 



At the San Francisco Stock and Exchange Board. 



Alpha 

Baltimore. . . 
Crown Point. 
Caledonia — 
G. H. Quarti 

Do 25 

Huhn & Hunt 100 

Hale & Horcross. . . 20 
Lillian Hall 50 



SHARES. LOW. HIOH. 
.... 5 .... 67 

80 M 3X 

128X 

66)4 

% SX i 

b4 S3i : 



SHARES. LOW. 



10 

5 

100 



89 
90c 



Louise 200 

Do 100 

Mt. Jefferson 75 

Pioche 220 

Phomix 10 

Do 100 

South Chariot 50 

Yellow Jacket — 55 
Gould & Curry.... 5 



HIGH. 

2 1-5 

b30 2Ji 
70c 
30 
Hi 

s30 4% 

ax 

147X 
180 



We note sales of 82,500 U. S. 5-20 Reg. bonds at 101 ; 880,000 cur- 
rency at 87 1-4 ; $10,000 5-20's, Jan. and July, at 101 1-8. For Union Ins. 
Co. stock, 77 is bid. 



Subscribers in Advance to Fina?icial Postscript can have their Copies Mailed Free from the Office 



THE DAILY FINANCIAL POSTSCRIPT 



Aog. 9. 



Coal and Iron* 

Something like consternation has been caused in England by the extra 
ordinary rise in the price of coal and iron, and if the existing English 
fears that this enhancement of values will prove permanent are realized, 
a long and unchecked career of prosperity cwaits American iron industry. 
Continuous high priees in England will have an important effect in stim- 
ulating development in the United States. The Pall Mall Gazette says 
that "coal which sold at the pit's mouth, six months ago, for half a 
guinea, now commands fifteen shillings," and that the "causes which- go 
furthest to explain this rise arc likely to last longest." The Pennsylvania 
coal miners have hitherto- been prepared, at nearly all times, to furnish a 
much larger quantity of eoal than consumers demanded; and it is con- 
sidered certain that any well-established and steady Americau demand for 
eoal could be supplied by the home fields. 

" '■■» f T^e shipments of treasure to New York by rail fur the past week 
aggregated $63,597. The Panama steamer took only $192,000 in treasure, 
mostly for England. Her merchandise cargo to New York was valued at 
$262,000, and included 6,600 Hides, 52,000 pounds Wool, 1,900 gallons 
Brandy, 23,000 gallons and 162 eases Wine, 3,300 gallons Whale Oil, 2,000 
cases Oregon Salmon, 150 cases Borax and 290 tons Lead Ore. 

The Occidental Mining Company haa elected the following. Trus- 
tees: W. E. Barron, Alviuza Hayward, J. C. Flood, William Kohl aud 
John F. Miller. Subsequently, W. E. Barron was elected President, aud 
Charles E. Elliott was chosen Secretary. This claim was formerly 
worked by the Occidental Mill and Mining Company, and has paid divi- 
dends to the stockholders. 



■ The Great Western Quicksilver Mining Company was incorpo- 
rated yesterday. Object, mining for quicksilver in Lake county. Capi- 
tal stuck, $5,000,000, in 50,000 shares of $100 each. Trustees— Jos iah 
Belden, Dexter Tattt, G. T. Lawton, P. H. Kraner and Edmund Green. 



The Crown Point Mining Company to-day passed their dividend 
for the month. The receipts last month were light, owing to a cave in 
the mine. There will be no dividend by the Meadow Valley MiuingCou*- 
pany for the current month. 



The Bismarck Silver Mining Company his elected the following 
officers : D. L. McDonald (President), Milo Hoadley, P. J. White, C. L. 
Place and W. J. Cady, Trustees; Frank Swift, Secretary; Joseph S. Cohn, 
Superintendent. 

1 Quite a fleet of merchant vessels arrived yesterday, including two 
from England, one from Scotland, one from New York and one from 
China. There are tvver a dozeu more fully due. 

■The Union Consolidated Mining Company, of Storey county, 
Nevada, have levied an assessment of 50c per share, delinquent Septem- 
ber 10th. 

- On the 6th instant the State Board of Examiners inspected the 
accounts of the State Treasurer, aud iind in his bauds the sum of ##38;- 
678* 34. 

— General Dodge, of the Union Pacific Railroad, arrived in San 
Francisco on the evening of the 7th iust. 

——With the departure of the next Panama steamer, the arrange- 
ment of calling at San Pedro aud San Diego, California, will go into ettcct. 

■ The next steamer from Honolulu will be due on Sunday, with the 
Australian mails. 

— At a meeting of the Board of Trustees- of the E4 Dorado Inde- 
pendent Quartz Mining Company, held last eveuiug, the following officers 
were elected: William Holden, President; Janies S. llou.-eman, Vice- 
President; Samson Rosenblatt, Treasurer; A.Noel, Secretary; Jacob 
Nagler, Superintendent. The Trustees suBserihed for 1,200 shares of 
stock, the proceeds of which are loaned to the Company as working 
capital, in order to rentier the levying of any assessment unnecessary. 

""■■ Twenty-seven bids for gold were re-reived in New York yesterday, 
amounting to nearly seven millions aL 14.09 to 15.20. Two millions will 
be sold at 15 20. 



"'Pttnch's" List of New Companies. 

The following companies have been registered during the post week: 
Melton Mowbray and Midland Counties Pork Pie, capital £100 in £1 
shares; Mid-World Railway, ±100,000,000, in £100 shares; American Drinks 
and Summer Beverages, £5,000, in £5 shares; Imitation Jewelry* £100,000, 
in. £10 shares; Loudon Sausage, £7,500, in £2 10s. shares; Great Desert 
Fertilization, £2,000,000, in ±25 shares; Simple Corkscrew, £500, in £ 
shares; South Sea Islands, Gas, Water, Markets, Museums, Musical Eu- 
tcrtainuieuts. Penny Headings, Popular Lectures, Public Libraries, Town 
Hulls, and Baths aud Wa*li Houses, £2oli,000, in £10 shares; Constanti- 
nople Cab and Omnibus, £50,000, in £5 shares; Crowded Thoroughfares 
Summer Iced Fountains, £10,000, in £1 shares; Hills and Mountains Uni- 
versal Leveling, £50,000,000, in £50 shares; Clavmarsh and Strugglethovpc 
Public Covered Skittle Ground, £75, in 10s. shares; Metropolitan, Pro- 
vincial, Suburban, Continental, Inter-Oceanic and Inter-Colonial Penny 
Parcels Delivery, £100,000, in £25 shares; Temporary and Occasional 
Honest, Attentive, and Teetotal Waiters, £2,500, in £2 10s. shares; His- 
torical Novel, Epic Poem, and Five-Act Tragedy Publishing, £5,000, in 
&S shares; Transportation of Great Pyramid ol Egypt to Lincoln's Inn- 
tiylds, £100,000, in £10 shares; Metropolitan and Provincial Open Air 
Pineapple Cultivation, £10,000, iu £1 shares; Spanish Armada Recovery, 
£500,000, in £5 share.-; Himalayan Tramways, £2,Oi,0,000, in £20 shares; 
Ciievrful Newspuper, £3,000, in £3 shares; Great Wall or China Billpost- 
i :g, £150,000, in £2 10s. shares; Railway Embankments and Telegraph 
Poles Utilization-, £10,000, in £4 shares; Village Ices, £25,000, in £3 
shares; Croquet lmpleuieuts, £5,000, in £1 shares; Quill Pen Mending, 
Jtl.OO t, in £1 shares; HaUi and All England Brick ftftd Bun, £15,000, in £2 
shares. 



Monetary Facts. 

Last weekly reports from various mines are as follows : Clean up at 
Eureka mine, 500 ounces amalgam; ore reduced at Eureka Cot\solidated 
mine, 576" tous: ore extracted from Savage mine, 1,215 tons, assayings 
$22 29.— The Empire Mining Company of Silver City, Idaho Territory, 
have levied au assessment of fifty cents per share, delinquent September 
oth.- T he El Dorado Mining Company, of Amador County, California, 
have levied an assessment oftwenty-five cents per share, amounting to- 
$3,000, delinquent September 10t,h. I t is reported that rich bodies of 

ore have been struck by the Tunnel Company in Little Cottonwood r 
Utah.—- At the Carson Mint, on Friday last, 19,554 ounces of gold and 
silver bullion were received from mines on the Comstock.— — Colusa 
County will ship 1,000,000 sacks of grain this season. - -—Merchandise 
exports frum San Francisco bv sea during July were of the value of 
$l,yo8,763 against $953,355 in July 1871, $1,065,000 iu 1870, $1,537 in 1869, 
and $1,460,000 in 1808.— —July marine arrivals at San Francisco num- 
bered 46 sails; tonnage, 1-50,633 tons; freight money. $459 r 123; against 
21,518 tons iu July 1871, and 20 f 785 in 1870.— The amocmt of wheat re- 
ceived at San Franeisco from July 1st to August 3d, 1872, was 783,416 : 
eenttfls £say 29,170 tons), against, for the corresponding time last year, 
199,025 centals (say 3,951 tons.) F rom the report of the Park Com- 

missioners, it appears that up to July l^tsome $122,000bad been expended 
in leveling ground, opening and macadamizing roads, planting trees, 
etc. T he commerce of Puget Sound is obstructed by the dense smoke 

from surrounding fires. Little can be done until there is a fall of rain to- 
extinguish the tires. m An Ohio gentleman of experience in elieet-e- 
making is about to erect a large cheese factory at some poiut adjacent to 
San Francisco. " T here are ekven vessels en route for Portland, Oregon,, 
six of which are from Entrland. The bark Manila, from China, arrived 
yesterday. She reported speaking the bark Louise, from San Francisco, 
two hundred miles off the coast.— ■ - 'The experiments with peat iu the 
locomotives at Los Angeles proves that it is uuadapted for such engines 
on account of the clinker. The amount due to depositors in the (trus- 

tee) sari oir banks of the United Kingdom amounted on November "-0 r 
1871, to £38^820,458. The assets of the banks comprised £38,640,022 iu 
the hands of the National Debt Commissioners, and $378,.841 surplus 
fuud, also iu their hands, besides £305,110 iu the hands of the several 
treasurers of the banks. Besides these deposits in the trustee savings 
banks, there was £17,02?, 003 due to depositors iu the. Post Ollice Savings- 
Banks at the e»d of the year. 1871. ■ ' ■■■Commodore VanderhUt's under- 
ground railway scheme in New York is to be opposed in the Courts by 
the Aldermen, on the gsound that Vanderbilt has no right to take posses- 
sion of the city property, because it is pledged to pay the debt of the 
city, and cannot be sold except at auction to the highest bidder. The- 

French and Swiss Governments- are about to reopen the negotiations rela- 
tive to the creation of new railways in Switzerland and Savoy. In 1869 a 
proposal was already brought forward about it r and in November a Con- 
vention was agreed upon, which was on the point of being ratified wheis 
the Franco-Prussian war broke out. The Swiss Government has moved 
for the reopening of proceedings. - ■ -The movement against the high- 
price of butcher meat is extending in England. At a ma-s meeting of 
miners' wives at Wigau, a resolution was carried amid much cheering that 
any woman who gave more than 7d a pound for meat at the market on 
Friday or Saturday, should forfeit her husband's wages for the week. * 
Fifty-one ears, fitted up expressly for carrying butter, beef and eggs, arc 
in daily nse on the Michigan Central Railroad from Chicago to Boston- 
and New York. An average of four of these 7oatfecl cars start East eael* 
day, and are inspected and re-iced at Detroit before they go further. Four 
tons of ice are consumed by each car on the trip. ■■■— The assessed valua- 
tion of real estate in Butte County is $3,483,069; improvements, $1,121, - 
155; personal property, $2,565,567. ' ■■■Mott, of Grand Island, recently 
shipped two ear-loads of pears to the East, one to Chicago and the other 
to New York. A telegram has been received noting sales of these pears 
at $6 in Chicago and $9 in New York, though at the close only ?6 50 
per box could be obtained in New York. The Illinois peach crop this 
season is reported to be large.' ' T he side-wheel steamer JJa.haimy will 
be oS'ered by auction at the rooms of J. C. Merrill & Co. on Friday.- "— ■ 
The Panama steamer cleared on Tuesday to avoid, it is rumored, the ex- 
actions of the Shipping Commissioner, who entered upon the duties of 
his office yesterday. — --The bark Garibaldi, at Portland, has been char- 
tered to load produce there for Hongkong-— The rtrip CWtf j5wrf«r 
cleared from Philadelphia on Tuesday with a cargo of coal for San Fran- 
eisco on ships account, and the bark Voloma cleared from Boston for Sai> 
Franciseo with a miscellaneous cargo. ■Maurice Dore & Co. yesterday- 
sold bv auction the 50- vara lot forming the southeast corner of Fillmore 
and McAllister streets, fronting 137 1-2 feet on each street,, for $8,C00, sub- 
ject to confirmation by the Probate Court. T he Nevada Soda Com- 
pany has acquired possession of a small lake in Churchill County, Nevada, 
having an area of about seven acres, which is a perfect well of carbonate 
of soda almost pure.- ■■ 1'he Learning Petroleum Company is pushing 
ahead operations at San Fernando, Los Angeles County. Oil will be ship- 
ped to New York.— The manufacture of leather in California is largely 
increasing. There is some excitement in Ireli nd over report' d gold 
discoveries uettr Kmsale.— A Custom -Ho use statement for July gives 
the value of tea in tra nsit to the East at S768.915; an d of silk, §502,915*. 

A Labor Question Settled — The Chicago, Rock Island and Pacific 
Railroad Company has made an interesting experiment, says the Bostois 
Advertiser, which by its successful result seems to have solved the labor 
question so far as that corporation is eoiieemcd- Several months ago the- 
Superintendent initiated the plan of paying the employees of the com- 
pany by the hour. The mechanics in the shops of the company were ulJ 
paid by th s standard, while engineers and other train men were paid ac- 
cording to the number of miles they ran. The latter plan, although ob*- 
vionsly liable to produce inequalities of compensation, is said to have 
worked satisfactorily, so that in busy seasons the engineers Fometimes 
made as much as $1.",U a month. In the shops the men were employed all 
through the season, but worked a. reduced number of hours, while in 
slack times they were also employed fewer hours, instead of being dis- 
charged. At first some of the workmen objected, bat a trial of the 
scheme is said to have convinced all of them of its fairness. It affords the 
corporation a perfect protection against strikes, and removes all causes of 
ill feeling between employers and the employed. 

"Hie India Tratle A Calcutta letter to the London Times says : " I 

have not recently referred to The gradual but certain revolution that the 
Suez Canal is bringing about in Indian commerce. Our good old ' India- 
men' are- vanishing; the Cape route — our glory and pride once — is be- 
coming obsolete for passenger traffic, and, indeed, for almost all classes 
of i^oods, except the limit-rd number to which time is of small account. 
Every day we have arrivals of long, powerful and admirably constructed 
steamers," built specially for sped, preservation of cargo and passenger 
accommodation. ' Wc always have the Cape to fall back ui-on, 1 old In- 
dians suy, and perhaps we may yet be glad that such is the ease ; but for 
the present, the stream of Indian trade is setting in by the canal, and the 
old three months' passages are like dreams of the past." 



I 



OF THE SAN FRANCISCO NEWS LETTER. 



BUSINESS NOTABILIA. 



" SchmappH." 

■ » li.ii In %*u\ to ho a pan article of I 
<?in. man ilVt ii --!. tn Holland, and ImporVd lalo thi» <-»nn(ry l»y Mr. 

1 knit on ulv amon^' ilru^u"*!^ iMiil retail 

ntunool tba Dnltad 91 u ..,- t^ n 

•aid *&<1 written of th!« "Schnapps.' highly of it* n, 

oo,»liti which • perfectly pnre article of Holland Glu t« 

M rM. II I ■ UTj . i;i •:- NMlll nl Ml 01 MM U potttt.ll i'- Fro in UClBnJstai ^<-*- 
tlmouUL* h lias (•? Mfnlly otrtatnol an < , il.bll*hco character with the pnMlc. 

Platt A Nbwton, Sotfl Agouti fur the Pacific Coast. 

*'Tak« c^ro of the beautiful, ft>rtheti(wfnl will tnko care of lui-lf." In all 
vmjkaof llf- tMu-.Mira-.'tiMt which Is trftnod and stout. Fill vour homi-s wKh 
mod picture*, with tap virion, with ooetiy faraltan; let reflnemeni appear In oven 
more your poroon with elen&l appacel, anil lei jeer nanmn be marked 



tteaj aid hij_*i> twciinj*. l)o nothing tht*t ilos not become a gentleman, 
- id he mm .■> autoi vulgar baanta. When yon wonld cheer 

your *stl with wfee or oniiken the blood with jrmerooa wlihAy.L'O wntTfl the 
n varieties af these Invaluable reftvjhen* ate to he obtained. * Qe where yog 
win bo •arroaDded wl and will haak in beaaty. Qo where on every 

band 1* some rare adornment, where yon tread <»a marble and j*axe on radiant 
visions from floor to codllao, where the Inrjest and finest mirrors, reflecting 
from every side, «|K'ii ii n s Ion™ vista of lij*ht and beauty, where yon rest yon r 
arm on cnrlonsh- carved lanrel and drink from the choicest cnt-ff lasses tfas rarest 
liqoiniv where everytrdiii; that sin-rounds yoa is fareupcrior to yonr dreams of 
elegance. Go to the "Lanrel Palace.'' 

When Carbolic Acid, in proper quantities, is introduced, (n the preparation of 
IlnbbiT, much lees runs and heat is required to vnlcaalse It; while the Snlphnr ro- 
<iuir .1. having done its work, and bcann™ a iftrong affinity to Carbolic Acid, is ab- 
sorbed by ft, and it* destmcslve aflbeni euttrelf ueuiralizei. The Improved Patent 
Carboltasd Fir-- Roto is the <mlv ilosethtit will stand the great prepare and severe 
toots 'if Steam Fire Ka^tnes without bnrsthifl or sweating Yt 1ms been adopted by 
the Win Department of the city of EVew York, I'nnvd States Navy, many of the, 
principal Fire Departments throughout the t'uitcd Statei*, and recommended to all 
rire Departments for adoption throughout the Country bv the New York Board of 
Fire Underwriters, John W. Taylor, Solo Airciit for the 'Pacific Coast, 501 Market 
BtroH , San Francisco, 

In these "load, babbling dava " ax T*ammas Carlisle calls taera, rhetorical 
fireworks are the order of the hour, and the ear is wearied with the dzzinp thereof. 
Tremendous paradoxes axe launched at si«, relieved, indeed, by sentences which 
are n<.-at ami InBdtoas, and the literary and oratorical world is filled with an inex- 
haustible plethora of words. " Words, words, words." Sonnd and fury. Bathos 
and buncombe. Bat let a* be prave, reticent and wise. If wc apeak at all, let it he 
to lift np our voice In favor of the unapproachable excellence of Gerke Wine. 
Then shall we have sai d som ethin g wotth recording. 

A. P. Hotaling dt Co., aatiatu for the peneinc Cutter Whisky, say the demand 
for their superior BourbiMt Is constant and increasing. We are prepared to fully 
accept this statement. Flattering ourselves that wc are a good judge of good 
whisky, we cheerfully award the palm to " Cutter." It Is ancy_aa!ea ; it is unap- 
proachable. Wo never drink any other. We pity the rally of such as, seeking a 
good article of whisky, content themselves with inferior brands, underthe mis- 
taken idea that they have found the best. Them we earnestly nrge to try the Cutter, 
and be cured of their folly, 

Bradley & Rulofson's tribute to Sarony : " It is to Sarony we owe the elevation 
of photography into an art, in which the refined taste of theartlift has been blended 
with the skill of the operator. Photography hastoo long been left in the hands of 
those, who, Bkilled iu the elements of their art, sought nothing higher than the pro- 
duction of a picture which, fanltless in execution, left unsatisfied the desire people 
of cultivated taste felt for something less mechanical and crude." Sarony would 
be delighted by the manner in which photography is elevated by the efforts of Brad- 
ley & Rulofson, 

Our Town Crier imitates the hermits, M in hope to merit heaven by making 
earth a hell." lie seems totakea fiendish delightin applying canetic to the tender 
places of humanity. The Basmees Notabilia man, on the contrary, writeth only of 
what is pleasing and cheerful. He loves to call the attention of bis readers to 
those oasis upon lifers desert where happv repose 's found. In this spirit, fee begs 
leave to mention Emerson Corville's Saddle Rock Saloon, 410 Pine street. Thither 
fae prayeth all to go who love good oysters excellently served. 

— " Hark, hark, my sord, angelic songs are swelling 

O'er earth's green fields and ocean's wave-beat shore."" 
The soul is stirred to itsprofoimdest depths by the grand beauty of the bay and the 
lovely scenery which breaks upon the eye at San Rafael. And when the wearied 
hody needs refreshment and repose, what better retreat exists than the Tamalpais 
Hotel I 

At the Art Gallery of I. W. Taber, IS Montgomery street, wc find pictures in 
which the delicate combination of the hand and the brain is at once perceptible, 
and while appealing to the eye by their exqiusUc finish, they touch our innate sense 
of the beautiful by the gracefulness so charmingly imparted to them. Taber, an 
art itf in the true sense of the word, unites in himsell the rare combination of the 
artistic and the technical, and gives all that experience and skill can dictate to- 
ward successful portrait ure. 

Grace Greenwood, writing from California, advises "all mere lovers of pleasure, 
fond of benders and iinbendere, all bon vivantg, all daiDty people," to keep away 
from the YosemJle, for it will prove to them "a great hollow mockery of wild, vague, 
extravagant hopes— the biggest man-trap in the world." Bat Grace should have 
added that all who can appreciate a most beautiful stock of parlor ftirniturc, car- 
pets, tapestries, etc., should come here and visit Messrs. Plsm, Bell & Co.'s estab- 
lishment on Post street. 

8an Francisco is now enjoying such delightful days as compel strangers to 
acknowledge that our climate isnnnvaled underthe sun. Bntno one can thoroughly 
understand the attractions of our city unless he improves these delightful days by 
drinking our dcJightfnl wine. The place to do this is at Eberhardt & Lachman's 
■cellars and store-rooms, at the corner of First and Market streets, where the choicest 
Champagnes and other Wines are always to be found. 

Winds are rnde in Biscay's sleepless bay; but gentle zephyrs fan the brow at 
San Bruno, while the senses arc intoxicated by the perfume of myriad flowers and 
the awcet songs of the free and happy dwellers in the air. Amid this beautiful 
scene rises Thorpe's Hotel, which ia eagerly sought by all who, having once been 
there, know bow 'tis themselves, and gladly return whenever the cares of business 
can be laid aside for the time. 

The "Chronicle," with reprehensible impudence, persistently sets up its claim 
to be a "live paper." We find in it many attempts at wit and sensation, but little 
that is useful. The true province of a live paper is to acquaint its readers with 
facts of great value to them. A column might be written in exemplification of the 
fact that the best articles of either costly or cheap furniture are fouud only at N. P. 
Cole & Co.'s establishment 

The Seal Rock Honse is permanently established in the favor of the discrimi- 
nating public. A well ordered cuisine and a bar. stocked with the choicest wines 
and liquors, insure the gratification of visitors. Those who drive to the Cliff and 
ocean beach, always make a point of stopping at the Seal Rock House and enjoy- 
ing its elegant enteitain ment. 

The Racine House, 1023 Kearny street, has an enviable reputation as an ele- 
gant and comfortable hotel. All its appointments are excellent, and guests cannot 
fail to be abundantly sat isfied with the pains taken for their accommodation. 

Mnller's Brazilian Pebble Spectacles are acknowledged to be the beBt. Those 
whoBe eyes are failing them should by all means visitMuller. 

The San Bruno Road is a splendid drive, and Harry Blanken's iB the place to 
stop at. Every team should be halted before his door. 



FIRST NATIONAL GOLD BANK OF SAN FRANCISCO, CAL. 

|)i«l<l up <ii|>ttnl. U.MO.OM. «iolrt. I'miilrnl. Ilea T .lluoprr: Vlfr- 

1. flWdrnt, Samuel Hrrt , Caahh I Hooper, 

I'rtfr I»oh»|ju.\ Otiarlet (i. llookrr, M V.J VI *lltt. Jam* * V 

Martin. D. CallaghamHainurl Uort. Naw Yobk Aoaj f T*- J 

i eon the principal 

clu« oi nit- 1 niied Stale*, Ureal iwitmn »u.i in un.i. < onunerclal Crodlu lwu«d 

rope, ' hum and Japan. TM* Hank )■ prcpnnM t<< transact a general 

t«4tiLn,t Deposits la QoldL Bllvor aad u*urroocy received anhleot to check 
or onspi >'ii*aU«ud«<l to and prouipt return* umde at the low- 
i -J market rnto trf Kxchaive. May I. 

THE BARK OF CALIFORNIA, SAN FRANCISCO. 

C.l.il.l. K.VftOO.«oo. ■».<>. mil*. rnwMllllll ».<■. i:;ili.t«.n. <n»tilri. 
AtiENTS— In New fork, Mama. Lbh * Walwa; in no<Jon,TBBMo«T Na- 
tion «, r. *m ; in London, orirnta i. u*nv CosptfKanoir. Lettare of Credit ihiuctt, 

availahle for Uiw purchaac of UewhandfeH lhn>u«)iout Uiv t'liltvil HtatRit, Bvope, 

iiKihi, China, Japan and Anatraiia. KnaiajraB for tale on the Atlantic Cltlea. Draw 

direct on l^>udem DuMIn, rnrlj*. Bt. t>tei>burKti. AniKterdntii, Hamburg. Hremt-n. 
Vienna. Lul|ialc, Sydney, MelbDurue, Voliotuuua, miAiu'Lal, lloiuiltonK, Frank for l- 
on-the-Malm March 18. 

FRSSCH MUTUAL PROVIDENT SAVINGS AND LOAN SOCIETY. 

Tnr*»tT-finh lemKAnnnal nni.ivn<i..-t nivldrnd »r Mur i>rr rent. 
per milium Del < .' per cent.) apnn the operadoai oi tfc« French SavIqith and 
Loan Society lor the six months ending June ttth. IsTJ. Iian, in confortnlty with the 
report of tin- Committee of Vuritlciitloii appointed byt*« inemhere of the Society, 
been d*-i'l*rcd by the Board of AdntlQlstratlon, at Uie .SenM-Aimual Mt-etlUK held on 
the ir.tk Instant. This dividend will be payable on and after the istli Inatnnt, at the 
otflceott" the Society, IU O unk street. i.l sTAVK MA11K. 

July a). Dlroctor of Frenoh Saving* Banlc 

DIVIDEND HOTICE. 

Tin- Orrninii Mnvlnara nittl Ixmu K<m>U>i > . — Tin* Bonrd of Director* of 
the Society have declared the dlviieiKlfor the «tr meMlw endlnw Jane sotli, 
IBiS, at the oite of (9S-S per cent) nine and three- Ufths per cent, per annum on Term 
DepOMits, and (8 por cent.) elRttt per oe»t. per annum on Ordinary "Dopoeite, free of 
Federal tax, payable on and alter Monday, the loth July. By order, 
JeJyB. QEORGE LETTS. Secretary. 

SECURITY SAVINGS BANE.— GUARANTEE CAPITAL, $300,000. 

Ofllrcm: l*itsi<U'ni. .lohn I'arrolt; Vle«.K"r<*AifIeiit. Henry H. Bnbw 
cock: Secretary, T. F. Bacon; Attorney, Sidney V. Smith, Loans made on 
Real Estate and other Approved Securities. Office : No. "04 Snnsome street (Fried- 
laad er'B Balld Jng), opposite the Bank or_Ca4h'orala. Saj^Fi^cJscjo. Oct. 14. 

SAVIKGS AND LOAN SOCLRTT, 

^» "I (\ Clay Ktreef, »«n Fr;intii.eo. July 9th, IftTT n\* n meetlna; <>f (he 

'Jit/ Board of Directors, h^ld this day, a Dividend ©f Nine .percent. Jier annum, 
for the six months ending Juue 3tth, IS. 2. was declared on all deposits, iree of Fed- 
eral Tax, and payable on and after MONDAY, July 15th, IS?-'. 
rfnlyau. I VKUS W. CARMANY, Cashier. 

MASONIC SAVINGS AND LOAN BANE. 

Gcin rait teed <'np»nl, 8150,000. Ofltee, No. 6 INmt street. Slnaonfec 
T«apK San Francisoo, California- LEOKIDAS E. PRATT, 

Gbo. Kohins, Secretary. [Apr P. 1G.J President. 

THE LONDON AND SAN FRANCISCO BANE 'Limited). 

Sell Kraft* on Yokotiaoca. HodeIeoiis, arfaaneliai jiikI Alanlli, m. 
sigh t or o a tlnze, in swns to buK, Jmly A. 

FRENCH SAVINGS AND LOAN SOCIETY. 
Bnali Htreet, above Kearny. O. fflahe. Direraor. 1-onni made 

on real estate and ether collateral eecnrltles at curront rates of interest. 



411 



J. SEUGMAN & CO., 

Banker*, No. 412 California street.— Kx* Iiar.trp aiul Trlecrrapliic 
Transfers for sale, pa\"able In Gold or Carrency, in sums to suit, tm all principal 
cities of tbe United States. Avso, BIMs ot Exchange on the principal cities ot 
Europe- Dec. 24. 



THE MERCHANTS' EXCHANGE BANK OF SAN FRANCISCO. 
lapital Modi, One Million Dollar*. Levi Stevenn, Pre»l<leiit i B 

N. Van Brunt, Cashier. Banking House, 515 Caliiornla street. July 2. 



C 

D. P. TssDENii.] POULTEREE & VEEDENAX, IT. J. Pooiteebb. 

Stoclc Broker., Snu FranciscoSiovk and Exchange Bonrd, 333 t'ali. 
forota street. May 11-. 

W. W. DODGE & C0„ 

Importer. And Wholcnle Dealers iu Groceries and Provisions, 

Corner Front and Clay atreeta, SAN FRANCISCO. 
NEWTON BOOTH, I J. T. GLOVEK, 
C. T. WHEELEK, W. W. DODGE, 
Per,. SQ Sacramento. I San Francisco. 

S. T. SUIT & CO.'S 

CELEBRATED HDJTHHV WIIISKIESJ 

Congress Bourbon, National Bonrbon, 

Capital Bourbon, I BTeckenridge B. B. B. Bye. 

None of the above brands are under three tears old. Qoality Guarantead 

BOOTH it CO., Sacramento, « . W. DOD6E A CO.. San Francisco. 

Dec. 9.] Sole Ageats for Pacific Coaat. 

EX SHIPS NEPTUNE AND HAMILTON. 

J nit reeeived, direet from Jletwm.S. T. Kult<£ Co.. of tt ool wville. Hen. 
tucky, an invoice of their celebrated EOtTCBONand RVE WEISKIES, from 
three to five years old. Quality and age guaranteed. For sale in lots to sutt by 

W. W. DODGE & CO., Sao Francisco, 
BOOTH & CO., SacrameoXo, 
J uly a~. Sole Agents for FaclflcCoast. 

MORRIS SFEYER & CO., 

Impoi'tern and Com mission Merohnnl.*, 9fo. 13 Mereh. Excliange. 
Harabnrg-Bremen Fire Insurance Company. Office, 13 Merchants' Exchange. Pol- 
cics Issued against loss or damage by Are on brick and frame buildings, stores and 
dwellings, furniture and merchandis e, w arehottseand contents. Premionw as low as 
In any other responsible company. tW~ All losses paid in U. S. Gold Coin. 
Jan 29. ' MORRIS SFEYER & CO^ General Agents. 

EDWARD F. HALL & CO, 

Stoek Brokers and iJIcnibera ol tbe San Francisco Stock and Ex- 
change Board. Cash advances made on active stock accounts kept with us. 
Jan. 13. Ofllce: No. 110 California street. 

cyeus w. jones.] JONES & COLS, Ithomas colb. 

ConimiiMion stock Brokers. Office: Rooms >o."s lO and II Express 
Building, San Francisco. April 27. 



O 



MR. LAVER, 
f Fuller A leaver. New York, irousultiitg Architects.-. Office: Sixth 

street, near Market, Sa n Francisc o. March 30. 



JAMAICA RT7M, 

In Quarter t'nsks.— :io Qr. Casks IIirIi Proof— For sale In Bond or 
duty paid, by {Feb. 9.] AGARD, FOUXKES & CO., 412 Front street. 

NOTICE. 

For the very best Photographs po to Bradley A Bulofson's In au 
Elevator, 429 Montgomery street. Oct.29. 

Jas. O. Rodntrbb.] ROUNTREE AND McMTJLLLN, [Geo. O. McMtnxrw 

Wholesale Dealers in Groceries and Provisions, So. 333 Front 
street, between Clay and Commercial, San Francisco. Oct.29 

GOLDEN HILL CORALT, NICKEL AND CHEMICAL WORKS. 

Stoke upon Trent. Staffordshire, England.— J. 13. Williamson, the 
proprietor of the above works, is open to purchase Ores of Cobalt, Nickel and 
Bismuth; also, Borate of Lime ana Tincal. Aug. 5. 



THE DAILY FINANCIAL POSTSCRIPT 



Aug. 9. 



OFFICE OF FINANCIAL POSTSCRIPT, 

San Francisco, 12 M., Aug. 0, 1S73- 

The Alameda Railroad Bridge. 

The report submitted c*t the 6$h instant by the Sub-Cowimittee oh Ex- 
isting Railroads to the Committee of One Hundred, argues the advantages 
that might accrue to San Francisco from the construction of 3 railroad 
bridge from Alameda Point, in Alameda county, to Hunter's Point, in 
Ban Francisco. A preliminary question arises as to the admissibility of 
such a structure at all. When it was proposed to construct a bridge 
from the Oakland shore to Goat Island, it was- urged, not without vehe- 
mence, that its effect would be disastrous to the harbor. Testimony was 
taken to show that, by interfering with the flow of the current through 
the narrow channel which separates the island from the flats lying ofl the 
Oakland shore, the proposed bridge would derange the natural economy 
of the harbor, with the effect of producing disastrous shoutings at a 
variety of points. But a bridge from Alameda Point to Hunters Point 
would produce, in the matter of interference with currents, many fold the 
effect of a bridge from Goat Island to the Oakland flats. While the Goat 
Island bridge would be about one mile long, the Alameda Point bridge 
would be about fire miles long. While the Goat Island bridge could In- 
terfere with the flow of only one current, the Alameda bridge would in- 
terrupt all ol them. If, then, the construction of the shorter bridge should 
prove to be mischievous, as was predicted, the construction of the longer 
one could be nothing- less than destructive. In view of the fact that the 
strongest testimony against the proposed Goat Island bridge was given 
by the Government engineers, rt is easy to see what the character of their 
testimony would be as to the effect of the projected bridge from Alameda 
Point— a matter on which the Sub-Committee of the One Hundred did 
not ask the opinion of the civil engineers, Allardt and Arnold, to whom 
they applied for estimates of cost. The Alameda bridge could not be 
constructed without the consent of the Government of the United States, 
and, in view of the opinions of the Government engineers, there is no 
reason to "suppose that that consent would be given. Nor, if the 
opinions of those officers be well grounded, ought such consent tobe 
given. The testimony which has been brought forward in the case thus 
far, goes to support the conclusion that the projected! Alameda brkige 
should be something more than injurious to the harbor — that it could 
hardly fail to be destructive. In view of this conclusion and of the ex- 
treme improbability that the Government could be brought to consent to 
the construction of the bridge, there can not be much practical utility in 
discussing the advantages which might accrue from it — provided it were 
not destructive. 

New Map of Arizona and Our Southern Railways. 

A new map of Arizona, Western New Mexico, and the southern half of 
the State of California, is now on the press and will be put ou sale this 
day. It has been drawn by Alfred Poctt and J. D. Hoffmann, civil en- 
gineers and draughtsmen, who have been given access for that purpose to 
the latest Government and private instrumental surveys. The amount of 
information obtained from these fresh sourees is extensive and valuable. 
The maps heretofore published — of the Territory of Arizona especially— 
are discovered to abound in error, much of it of a serious character to 
parties who may take the field. Chains of mountains are delineated which 
have no existence in reality. The course of the geological formation of 
which the gravel reported to contain precious stones forms a part, is rep- 
resented on existing maps with gross inaccuracy. The geographical fea- 
tures which are to control the selection of railroad routes, are equally far 
from correctness. On the new map published this day, these errors are 
corrected from the notes of actual surveys. The map will be equally 
useful therefore to all who would intelligently interpret the interesting re- 
ports which may be expected to be received from Arizona and New Mex- 
ico, and to all who care to study the questions involved iu the Southern 
railway system of California. Existing roads are laid down with the 
names of the many new stations, a knowledge of the location of which 
is necessary to an \inders landing of the current news of the day as given 
in the newspapers. The map will be sold at the price of fifty cents per 
copy. Issued by The Financial Postscript gt the office of publication, 
No. 628 Montgomery street, and for sale by booksellers and newsdealers 
throughout California and in Nevada. 

Interesting Purchase of Real Estate, 

The Luning property, on the north side of California street, adjoining 
the northwest corner of LeideBdorff street, having a frontage of 34 feet, 
■with depth of 57 1-2 feet, has been sold for 885,000 to the London and San 
Francisco Bank. The property in the rear, fronting 40 feet on the west 
side of Leidesdorff street, with depth of 5G 1-4 feet, has been sold to the 
same buyer for §40,000. The northwest corner of California and Leides- 
dorif streets, 30 1-4x57 1-2 feet, was bought some time since by Milton S. 
Latham from John Parrott. The former gentleman has how secured the 
properties noted above, which makes a frontage of 54 1-4 feet on Califor- 
nia street, and 97 1-2 feet on Leidesdorff street. In the Spring a handsome 
building, with iron fronts, three stories in night, in the Vcuctian style of 
architecture, will be erected by the London and San Francisco Bank. 
The first story and basement will be occupied by the bank ; the second 
and third stories will be for rent as business offices. The building will be 
the handsomest yet erected by private interest in San Francisco. 

i -■ ■ In New York, on the 1st inst., the Pacific road loans were in firm 
investment demand, with sales of Union Pacific first mortgage at 90; 
Central 0s at 102 1-8 (an advance), net, and Northern Pacific first mort- 
gage 7-30 gold bouds at 100 and accrued interest. 



More About Unequal Taxation. 

The amounts of assessment against the San Frauciseo Savings Banks 
which were stricken from the roll by the Board of Equalization, areas 
follows : 

Seera-ify Savings and Loan Society $313,962 77 

German Savinpa and Loan Society 2,629,021 00 

Odd Fellows' Savings and Loan Society 3,080,703 0O 

San Francisco Sayings Union 4,227,940 OP 

Savings and Loan Society 7,908,7-10 40 

Hibcrnia Savings and Loan Society 11,864,583 00 

Masonic Savins and Loan Society 865,000 CO 

Humboldt Savings and Loan Society 507,303 00 

French Savings and Loan Society - 4,967,583 73 

Land Mortgage Union , 33,907 00 

Total , $35,438,782 90 

The cash on hand, which is also free from taxation, will probably in- 
crease the amouot to thirty-six millions and a half. "While there is prob- 
ably little doubt in the minds of any who have given thought to the sub- 
ject, that the assessments against the savings banks were repugnant to 
that provision of the State Constitution which prohibits "-unequal' 7 
(that is, double) taxation, yet it is not easy to distinguish any substantial 
principle which shall exempt from taxation the loans made by the Bavings 
banks for account of their depositors and at the same time subject to tax- 
ation the loons mode by au individual for account of bSmselL 

Treasure and Merchandise Exports. 

Exports of treasure from the port of San Francisco for the past 
month compare as follows with the corresponding monl h last year : 187' F 
#1,287,905; 1872, $3,821,2%. In the corresponding mouth in J870 we ex- 
ported £3,330,00© in treasure. For the first seven months of the year our 
merchandise and treasure exports have bceo as follows : 

Seven Months. Merchandise. Treasure. 

18R6 $ 9,450,356 $27,710,026 

1807 11,560,557 25,775,912 

1868 ,.-. 11,191,201 24455,61* 

5879 10,282,642 33,616^470 

1370 8,555,734 21,308,635 

1871 7,217,509 9,973,188 

1872 9,571,120 18,199,276 

The merchandise exports do not include shipments by railroad, there 
being no means of ascertaining their value, uor do the treasure exports 
include mercantile remittances through the mails, and for the same 
reason. Within the past year or two, a laTge portion of tbe gold coin? 
sent to New York has gone through the Post-office. 

Our inward tonnage last month was unusually large, being 12,000 
tons in excess of any previous month this year. The inward bound ton- 
nage is the only correct index of the commerce of the port. The quan- 
tity this year has been exceeded only once in the history of tbe port. For 
the same time in 18ott, we had 863,40*) tons of inward tonnage, against 

011,009 tons in 1368 a nd 476,000 tons in 1867. 

——The Beach and Faxton Mining Company have levied an assess- 
ment of 50c per share, delinquent September 10th. An assessment of $ 
per share has been levied on the stock of the Holly Oak Park Company, 
delinquent September 7th. The property is in Napa county. 

Precious Metals Movement. 

Lonbois, July 20, 1872. — The imports of gold bullion and specie into 
the United Kingdom in the first half of the year 1872, registered at the 
Custom-house, amounted to 8,107,248?., being less by 2,9-1 9,91 W. than in 
the corresponding half of the preceding year; and the registered exports 
of gold amounted to 8,753,277?., an increase of 3,374,730?. The registered 
imports of silver in the first half of the yo*r 1372 amounted to 5,577,109?., 
being less by 3,111,096?. than in the corresponding half of the preceding 
year; and the registered exports of silver amounted to 5,997,363?., an in- 
crease of 715,436?. Thus, comparing the first half of 1872 with that of 
1871, our imports of gold and silver bullion and Bpecie show a decrease of 
6,031,006?,, and our exports of those articles an increase of 4,090,166?.; and 
both in gold and silver, our exports have exceeded our imports. 



Total. 
J37 460,382 
37,356,469 
35,351,819 
33,899,112 
29,664,369 
17,199,647 
27,770^06 



British, Import of Bread-stuffs. 

Lostaok, July 20, 1872— The Custom-house returns show that in the 
first half of the year 1872 there were imported into the United Kingdom 
15,636,342 cwts. of wheat, more than half of it coming from Russia; 1,446,- 
084 cwts. wheat-meal and flour, 7,036,697 cwts. of barley, 5,632,269 cwts. 
of oats, 454,855 cwts. of peas, 1 T 622,952 cwts. of beans, 8,181,066 cwts. of 
Indian corn or maize, and 2,581 cwts. of Indian corn-meal. The total is 
40,013,346 cwts., being 8,800,000 cwts. more than in the corresponding 
half of the preceding year. The declared value of this importation is 
19,376,938?., being 3,000,000 sterling more than the value of the importa- 
tion of the like articles in the first half of last year. The returns show 
the re-export of foreign wheat and wheat-meal or flour — viz: 126,137 
cwts. in the first half of 1872. 



REAL ESTATE TRANSACTIONS. 



Thursday, August 8th. 



GRANTOR TO GKANTEE. 



John Frank to Samnel Grosh et al . 

Bay Park ITd to Thos Foley 

Gr't Park H'd to Mary McLaughlin 
Anna E Cook et al to Maurice Dore 



Jno W Hermton to L B F Mills . 
Bay View H'd to T G Cockrill . . . 

Elizabeth Clark to Jas L King.. . 
John P RaOerty to Anton Eneg. 
R B Yates to Dexter Damon 



Geo F Crowther to J H Meredith 
Mary J Gerbeading to C H Morgan 



DE5CHTTTION. 



fpBICZ 



Filmorc and Haight se cor, s 33>£ x e 

00^-snb W A 295, snbject to bal of 

$1,936 on mort rec in Lbr 319 M, p 297. 
29Lh av nnd G c cor, se 75 x ne 100— lot 

9, blk513 

D n, 27^ e 15th av, n 100 x e 25— lot 9, 

blk394 

Stevenson and 19th ne cor, e 130 x n 85 ; 

also, Stevenson and 19th se cor, 80x85. 
Shotwell e, 95 s 21st, s 30 x e 122#-sb M 
29th av ne, 225 se G, se 54.11 H, n 42 deg 

30min,etc— lot 15, blk513 

Lots 1398, 1400, Gift Map 2 

Unditf lot 337, Precita Valley lands 

27th and Ellen se cor, e 101.10 x a 114— 

lot 2, blk 13, Junction H'd 

Potrero ttv and El Dorado ne cor, 100x100 
Capp e, 245 s 23d, e 122X, b 20%, w 

123.3tf, n37# 



2,000 

500 

250 

1,250 
1,000 

500 

100 
7,000 

250 

500 






OF THE SAN KKANCISCO NEWS LETTER. 



OUR R A I L 8 . 

Our Railroads and tha People. 

An Interior pm>«r, njurakini; fur it- own oommuoJtJ 00 llu: rallnwid 

quiTtiuit, pall llM DHltOTM IbUOWl : 

lo round oombera the railroad* tmve nv,i\.-d from State mid Qotwttoa 
■boat •4,000,00a What have Uiov gtron la return f Freight* «t,d hrei 
on tin- old vatar Uooa ol tnrel have been rednced ono-nalf, and tbe 

routes kept up, from vnJcb tbt people haw rallied great bonoflu, uud 

are still raping mora. Brunch Hues of roads have opeued ir-h . 
communication, thrown open Test sections to settlers and enabled ini- 
menee Inu-is ..( territory to be brought under cultivation, thtU con re r- 
rtnc n: benefltfl upon tin- community vrblcb we cannol acen- 

rat* U Bgnnj up. Hut there are other benaflto, which oan !>•• ilcnionstrnted 
h\ 111:111.., When tbe branch road from Lftthrop to the Stanislaus River 
.'- to traiit-porl the wheat crop of 187U, we made in- 
quiries of humeri in that section, and from them learned that tin- railroad 
enabled them to saTe, at the lowest calculation, fi 75 per ton in getting 
their wheal to tide water. Bnbeeqnenl Inquiries developed the fact that 
fntm f;i to $5 per ton has been saved to the producer in other sections. 
This, year the Stanislaus or San Joaquin region bafl produced 175,000 tons 
of wheat. This wheat is L'«»t to market M 75 per ton cheaper than it 
could have been got there without the railroad; thus the railroad bus given 
the farmers in that region. In one year alone, »S36,250. Three dollars a 
ton 00 200,000 tone baa been saved in the transportation of wheat from 
other sections this year— a saving of $t">00,000. In the transportation of 
fruit full $100,000 has been saved, and €200,000 more by cheap and rapid 
travel; muking in one year alone a return to tbe people directly of 
$1,7*0,250 for the aid thev rendered the railroads, to ?av nothing of the 
incalculable indirect benefit*. In three vears the direct returns to the 
people will amount to 15,368,751— nearly a million and a half more than 
the aid they iii>t extended, about ten per cent, per annum Interest on the 
investment and the principal all paid back. 80 much for aid received and 
given by the railroads. 

Overland Passengers Dae this Evening. 
Miss L. Dnwlinp, Spruce Mountain; J. L. Fanst, Palisade; Thomas Carroll, 
Corinne; John Casfidy, New York; Miss E. Thorp, Chicago; Mrs. Mary Fisher 
and three children, Mlas Jane Fisher, Cleveland, Ohio; S. W. Gorman, E. Nelson, 
W. W. Wentworth, Chicaco; II. H. Cornwall, Red Cloud. Nebraska; John Lcman 
and niece, Boston; John Van Schick, Palisade; R. Bray, Ottawa, Canada; Charles 
Chnndli r, Leffhrd, Vermont: E. Ilahn, San Francisco; John Bnrne and wife. New 
Tork; Mis- Prjr, Cblcaeo; Mm, William LeCinswell and eon, San Francipco; J. 
Thompson and family. New York; D. D. Chapln, San Francisco; E. T. Huhback, 
Oaklnnd; Mrs. Haao, San Francisco; Miss Calahan, Cleveland; Miss O'Neal, Bos- 
ton; Mrs. S. G. Uortin and eon, San Francisco; E. A. Dillon, Salt Lake; C. Wil- 
liam?, Marysvllle, California; F. J. Warren, J. R. Faverweather, Burlingron, Iowa; 
Carl Strobe], Sucnimento; Prof. John Torrey, Miss Torrey, New Jersey; Miss 
Juell, Norway; H. R. Linderman, Mrs. Linderman, H. R. Linderman, Jr.", Phila- 
delphia; Mn>. E. Barrv, Mips J. G. Prince, San Francisco; E. E. Faverweather, 
Buriin^ton, Iowa; S. W. Howland, Oakland; W. Webber, Indiana; Floyd ClasBer, 
Corinne; B. F. DuflVy, John Mangles, Halleck, Nevada. 

Northern Pacific RnUroad Survey—The Helena Montana Herald 
Baje : " G. D. Chenoweth, one of James Bettner's party of railroad sur- 
veyors, arrived in town on Sunday last. He left the surveying party 
about 30 miles below Thompson River, and ubout 125 miles northwest of 
Missoula. The Pen d'Oreillc River, at the point where they crossed, some 
four miles below the mouth of the Jocko, they found to be 942 feet wide. 
The line from this point follows down the north bank of the river. Be- 
tween the crossing of the Pen d'Oreille and the poin 1 where Mr. Cheno- 
weth left tbe party, some very rough country was encountered, but no 
serious obstacles in tbe way of building the road. A very light and easy 
grade was found from the summit of the Coriaca defile to the point where 
the party were left." 

— R. Levy ha? shipped over five tons of assorted fruits to Denver 
within the past two days, via Central Pacific Railroad. He proposes to 
make very large shipments during the season. 



DIAMOND NEWS. 

Precloun Stones by the Bushel. 

A letter from Fori Doflance, Arizona, tn tlu'Ciiii'iiinntlCommarclRl »ay» : 
Tho whole coontij baraabouta abonnda Inpr. 
■treat nine bra bean bond, onrnri* are partl<uii.riv plentiful, ud ona 

Indiana areiy day wiiii (mm a gill to a pint to lelL i uej 
every shade, from deep blood to imlo pink. Whether valuable or not I 
. aonol ■». 1 think moat "I them ara too small to be ol much value. On 
the anthills one can often It lid numbers of small yarn. Is brought then- 
by tbe ant*. It is genenuj supposed that the ana brit>K up the bright 
stones and shinine gravel found on the hills from their chambers below. 
A Bpectat of aquamarine 1" very plentiful, of every size, from a grain of 
wheal to a luxe cherry. The post trader has a quart or so of tneae, wblcb 
look 1" me like Iboae used as watch crystals. A few very flue sapphires 
bare boon found, one ol which was taken to New York and cut, and 
proved t>> be quite valuable Opah have been found further north, bat 
rarely. There arc no specimens here. One "spinel rubv," of considerable 
value, baa been found, and many have stones which thev believe to be dia- 

i Is, but none but a practical lapidary could recognize a diamond In 

tbe rough. Whether those shown to mc arc actually diamonds, or only 
fused quarts, or other vitreous stones, I 'cannot even hazard a (,'iiess. 
Malachite U found here iu small chips a half Inch or an inch square; but 
a few days since an Indian brought from some place soutli of here a slab 
ot it three indies long. Some beautiful turquoises were found In the 
same neighborhood, and inferior ones here. I.ast year some men came 
here from San Francisco, and spent the summer in collecting stones sup- 
posed to bo precious, of which they took away three or four bushels. It 
is now reported that they obtained from the whole mass over a million 
dollars' worth of garnets, rabies, turquoises and diamonds. 1 should, on 
general principles, incline to set this down as a Western "hoo-doo ; " but 
this year the same parties returned, with several others, representing an 
incorporated company, and are now somewhere ncarBan Juan. Dr. Stallo, 
a jeweller of San Francisco, is now encamped here with a small party, and 
provisions for six months. He brings with him an extensive assortment 
of native gems, known to be such, to assist him in comparison. lie pro- 
poses to go south from here to the region where malachite abounds, ex- 
pecting to tind turquoises in the same vicinity. 



OUR MINES. 

Tlie Lead Mine on the Santiam river, Oregon, recently opened, gives 
prospect of being rich in silver. 



Bullion Shipped.— The Camp Floyd Silver Mining Company, Utah, 
has made its first shipment of bullion from Salt Lake to England. 



Crown Point The dispatch of the 8th says : " Mine looks well. 

opening bulkhead of the 13th level. No more wa'tcr than the pumps can 
take care of." Earnings for last month, $265,000. 



Piochs. — The latest dispatch is : " Ore in stopes, new development, 
three feet wide." 



Imperial. — A letter of the 6th says : " Our south drift is showing 
some very rich ore. No change in tbe other drifts or the bottom of the 
incline, which is in very hard blasting rock." 



Kentnck.— Ore shipped in July, 1,271 tons; average assay, $23 39 to 
$37 45. 

Raymond & Ely — On August account, $72,000 has been received 
from this mine. 



Meadow Valley.— The annual meeting will be held on the 22d. 



OUE MAILING DEPARTMENT 



By a special arrangement with Wells, Fargo & Co., the DAILY FINANCIAL POSTSCRIPT is delivered on. each westward-bound train on the Ihcijlc 
Railroad between Omaha and Sacramento. 

By an arrangement with a Special Agent at Brindisi, Italy, complete files of the DAILY FINANCIAL POSTSCRIPT are delivered on board each 
oiUioard-bound Steamer of the Peninsular and Oriental Company's lines, with passengers for Alexandria, Aden, Ceylon, Bombay and Calcutta. Files are 
also delivered, under t1\e same contract, at Point-de-Oalle, Ceylon, on board each steamer eastward-bound, with passengers, for Singapore, Batavia, Manila, 
Bangkok, Hongkong, and other points of destination in the Indian Ocean and China Seas. 

All travelers bound from Hhtrope to the Fast will be advised through the FINANCIAL POSTSCRIPT of the attractions and advantages of returning via 
California and the Trans- Continental Railway. The FINANCIAL POSTSCRIPT has wound a band of paper round tlte world, which he who runs 
may read. 

The BAIL Y FINANCIAL POSTCRIPT is thus rendered an uneqnaled and unapproachable medium for the advertisements of Bankers, Merchants^ 
Hotel Keepers and all who either have a business with tJie Orient or may expect to do a business loith travelers from those lands. 

F±xi.a.33.ol£il Postscript ZForelgrxx Agency. 

The Subscription to this Journal for one year is $12, including postage to any part of the world. Terms for Advertising, 25 cents per full 
line running acrosB the page, each insertion ; 15 cents per half line, running across one column. 
Subscriptions and Advertisements received abroad by the following Agents, w7io have a complete file of the FINANCIAL POSTSCRIPT on hand: 
London— F. Algar, 8 Clement's Lane; J. Haddon & Anjer (Straits of Sunda)— G. Schutt, Anjer Hotel. Hongkong, Canton, Macao and Swatow- 

Co., 3 Bouverie street, Fleet street ; George Street, 30 

Cornhill. 
Paris— Sprout, Sprent & Fhipps, Rue de Rivoli 240. 
Brindisi— Mr. Cocoto. 
Hamburg— R, Carl. 
Bremen— G. Steinmeyer. 
Rotterdam (Holland)— H. A. Kramers. 
Amsterdam (Holland)— Mackay, Boomkarap & Co. 
New York— William H. Fogg & Co., 32 Barling Slip; 

A. Brentano, News Agent. 



Anjer (Straits of Sunda)— G. Schutt, Anjer Hotel. 

Aden — Cowasjee Dinshaw. 

Point-de-GaUe— Frederick Pltoffl. 

Colombo— J. Maitland & Co. 

Singapore, Labuan and Sarawak— John Littie & Co. 

Singapore. 
Saigon— Von Bargen & Co. 
Penang— Sandilands, Buttery & Co. 
Batavia— Houghton & Co. 
Samarang— Jacobson, Van den Berg & Co. 
Sourabaya — Houghton & Co. 



Hongkong, 

& Co. 
Manila— Loyzaga & Co. 
Amoy— Brown & Co, 
Foo-Ohow— Hedge & Co. 
Shanghai— H. Fogg & Co. 
Hankow— Virgo, Matthews & Co. 
Tien-tsin — James Henderson. 
Nagasaki (Japan)— Pignatel & Co. 
Yokohama (Japan)— Lane, Crawford & Co. 
Osaka and Hiogo — K. de Piotrowski. 



AT.AW TT A COMMERCIAL COMPAMTT, 

No. 310 Sansome Street, San Francisco, 
DEALERS! IN ETTRS OF THE FINEST QUALITY, WHOLESALE. 



TIDMIIE TABLE. 






Commencing Monday, April 29, 1872, and until Further Notice, Trains 

and Boats will leave San Francisco 

I-? r\ f\ A. M. Overland Express Train for Sacramento, Marysville, Red Bluff, Colfax, Reno, Ogden and Omaha. 

n n(l P. M. San Jose Passenger Train, stopping at all Way Stations. 

A f\f\ ^- ^- *Passenger Train for Stockton, Mei-ced and Sacramento. 

(X Q fl -P - ^- O ver l an< l Emigrant Train. Through Freight and Accommodation. 

yj Of\ A. M. Steamer New World (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

A r\f\ P. M. *Sacramento Steamer (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

Q fjf| P. M. *Steamer Antelope (from Broadway Wharf), connecting at Donahue with Trains of S. F. and N. P. R. R. 

8f\f\ A. M. Excursion Boat (Sundays only), from Broadway Wharf, connecting with Special Train of S. F. and N. P. 
• UU Railroad for Cloverdale and intermediate points, returning to San Francisco by 7.00 P. M. 

Oakland Branch-Leave San Francisco 7:00, 8:10, 9:20, 10:10, 11:20 A. M., 12:10, 1:50, 3:00, 4:00, 5:15, 6:30, 8:15, 
9:20 and *11:30 P. M. (9:20, 11:20, and 3:00 to Oakland only.) Leave Brooklyn *5:30, 6:4o', 
7:50, 9:00 and 11:00 A. M., 1:30, 2:40, 4:55, 6:10, 7:55 and 10:10 P. M. Leave ( akland *5:40, 6:50 
8:00, 9:10, 10:00 and 11.10 A. M., 12:00, 1:40, 2:50, 3:50, 5:05, 6:20, 8:05 and 10:20 P. M. 

Alameda Branch.— Leave San Francisco 7:20, 9:00, 11:15 a. m., 1:30, 4:00, 5:30 and 7:00 p. m. (7.20, 11.15 and 5.30 
to Fruit Vale only. Leave Hayward's *3.45, 7.00 and 10.45 a. m., and 3.30 p. m. Leave Fruit 
Vale *4.40, 7.35, 9.00 and 11.20 a. m., and 1.30, 4'05 and 5.30 p. m. *Except Sundays. 

A. N. TOWNS, General Superintendent, 
T. H. GOODMAN, General Passenger and Ticket Agent. 

PACIFIC MAIL STEAMSHIP COMPANY. 

m > m ■♦ 

fflknatfo si @®b®€iilM--]Fw iipim tai ©Mam® 

Regular Mail Steamer leaves Wharf, corner of First and Brannan streets, on the first of every month, punctually at 
noon, for YOKOHAMA and HONGKONG, connecting at Yokahama with the Company's Branch Line for SHANG- 
HAI, via Hioga and Nagasaki. When the sailing date falls on Sunday the steamer will sail the preceding Saturday. 

From May to October, inclusive, an Extra Steamer will be dispatched on the 16th of every month. 

August 16th, Steamer 

COLORADO, Capt. Warsaw. 

August 31st, Steamer JAPAN, Capt. Freeman. 
I^OH NEW YOIfcK:, via I\^IV^M.4l. 

INCEEASED SERVICE. 

Leave punctually at 12 o'clock noon on the 3d, 13th and 23d of each month for Panama, and connecting, via 
Panama Bailroad, with one of the Company's splendid steamers from Aspinwall for New York- Beginning August 13th 
all steamers touch at San Pedro and San Diego. 

August 17th, Steamer CONSTITUTION, Capt. Cavarly, 

Calling,- at San Pedro, San Diego and Acapnlco. 

Until further notice steamer of the 13th will connect for Central American Ports, viz ; Champerico, San Jose de 
Guatemala, Acajutla, La Libertad, La Union and Punta Arenas. Steamers of the 13th and 23d will call at Mazatlan 
and Manzanillo, and all steamers at Acapulco. 

Through tickets sold to and from Liverpool, Queenstown, Southampton, Bremen, Brest, Havre, Hamburg, Stettin, 
Copenhagen and Norway. Apply at the Pacific Mail Steamship Company's office, at Wharf, cor. First and Brannan sts. 

ELDKIDGE & IPfcWIN, Agents. 



An;. 9 



OF THE SAN FRANCISCO NEWS LETTER, 



YIEWS ALOHG TIE CEMTRM PACIFIC 




CAPE HORN. 

, 137 miles from San Francisco— Altitude 3.BO0 feet. 



C3 

T 

go 



EMIGRANT GAP RIDGE. 

232 miles from Hnn Francisco— Altitude D,374 feet 




AMERICAN RIVER, Cape Horn. 

I'.iS im lc-i from San Frniicisc-— Altitude 3,500 feet 



SUMMIT OF SIERRAS. 

243 miles from San Francisco— Altitude 10,000 feet. 



8 THE DAILY FINANCIAL POSTSCRIPT. Aug. 9. 



THE BANK OF CALIFORNIA. 

S-A-IN - FRANCISCO. 

Capital, - - | »| ~-~ . $5,000,000 

B> 0. MILLS, President. T W. C. RALSTON, Cashier. 

^ Gr E N T S : 

In New York, Messrs. Lees and Waller; in Boston, Tremont 
National Bank; in London, Oriental Bank Corporation. 

|5g" The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondent at all the principal Mining Districts and Interior Town* 
of the Pacific Coast, 

Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan and Australia. 

Exchange fcr Sale on all the Atlantic Cities. 

r>R^.W DIRECT ON 

London, Dublin, Paris, 8t. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frankfort-on-the-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AND SAN FRANCISCO BANK 

T.TMITEaJ. 

With which has been consolidated the business of 

PARROTT 4& OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 



Oajpitcvl, - - 83,000,000. Reserve IF-urica., 8300,000 



Of which 83,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 
SAJV EK-AJVCISSCO OFFICE, 483 CAUFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodewald. Esq., Chairman; II. L. Bischoffshcim, Esq. (Messrs. Bischoushcim & Goldschmidt); J. F. Flennnich, Esq. (Messrs. F. Huth 

(&Co. J; E. II. Green, Esq. (Messrs. Russell and Sturgls, of Manila); Julius May, Esq. (of San Francisco), Frankfort-on-the-Main; 

J. S. Morgan, Esq. (Messrs. J. S. Morgan & Co.); baron II. ue Slum (Messrs. Stern Brothers); Rudolph 

Sulzbach, Esq. (Messrs. Sulzbach Brothers), Franklort-ou-tlio-Main. 

Manager In London s 11. D. PEEBLES, Esq. 

Seexetaxy, ■ SABfMS I. SlSSSl'SS. 

Pa?Bsiideat is Saia Fffaa&eiseso, 1C1PLTCOT S. ULTS&U& 

Assistant Manager (San Francisco), CAMILO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER, 
Accountant, ........... ALFRED BANNISTER. 



The Bank is prepared to transact all kinds of General Bunking and Exchange Basiness, in London and San Francisco, and between paid Cities and all parts of the 
world. The San Francisco OlBeei s authorized t '. dniw Bills of Exchange or issne Letters of Credit upon either of the under-named Founders and Proprietors of the 
Bank, or (ul the option of the buyer) upun the following Ilonses. with Whom the Bank has established credits, viz: LONDON—The Loudon Joint Stock Bank, No. G 
Princess Street : Messrs. Bi,-chor?sheiin, Goldschmidt & Co.; Messrs. l-'ruhlin " <fc Goseben ; Messrs. Frederick Hulb & Co.: Messrs. J. S. Morgan & CO. feuocesBore to 
Messrs. Qeorse. Fcahudv i Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Drexel, Morgan &, Co., S3 Exchange Place. BOSTON— Third National Bank. 
PHILADELPHIA— Messrs. Dr-.tel & Co. PARIS— Drexel & Co.; BischoiVsheim. Goldschmidt* Co.; Messrs. A. J. Slem & Co. FRANKFORT-ON-THE-MAIN -Mr. 
Gebrodir Sulzliacli ; A. J. Stom & Co. GERMANY-Bunk of Saxe Meinineen. AMSTERDAM— Bauuue de Credit and Depot des Pays Baa. ANTWERP— N.ittehobn 
Brothers; B. K. Bieehollsheira. HAMBURG— John Burenberft Qossler * Co. BERLIN— DeutBOhe Bind,- A. lien Gcscllschuft. GENOA— Dapples & Co. NAPLES 
and FLORENCE— Anirlo-Italian Bank. VALPARAISO and LIMA— Fred. Huth, Grnnine £ Co. MANILA— Russell & Stnriris. CHINA and JAPAN— Hongkong and 
Slimi-liui B inking Corporation. AUSTRALIA and NCW ZEAL AND— Union Bank of Australia; Bmk of New Soiuli Wales. IRELAND— Provincial ISnnk of Ireland, 
and all its hranches, viz: Dublin, Cork, Limerick, Olonoiel, Londonderry, Sligo, Wexford, Belfast. Waterford, Gahvay, Arinagb, Atblone, Culeraine, Kilkenny, Ballina, 
Tr.tlec, Yiaieli al. Enniskillen. Mouaghan, Banhrid^'e, Bailymena, Piirsonstown, Cavun, Omagh, Dnngannon. Bandnn, Eunis, Ballyshannon, Strabanc, Duiigarviiu, Mal- 
low, Cooleliill, Kilrush, Skibbereen, Ennischorthy, Fermoy, Newry, Droglieda, Nea>igh, Templemure, Carrick-ou-Suir, Carriek-on-Shannon, Cloghoen, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAID TO SELLING OALIFORN A SEOUFJTIES IN EUEOPE. 

Collections, Purchases of Roal Estate and. Mining Shares, and Investments of all kinds in California. 

MILTON S. LATHAM, President. 



JBEIIV. KOLX^JEX^Y, President, 

&a» ¥s aacisco., 

WM. NOEEIS, Vice-President, San Francisco; HOLLADAY & BBENHAM, General Agents, San Franci&co. 
l>ispatch Steamers to tlie tollowingr places. 

36'ettlein K©i*.te s 

Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

Southern Eoute « 

Siintit Cruz, Monterey, Han Simeon, San Luis Obispo, Santa Barbara, Los Angeles, Anaheim, SanDiego, Etc 

Mexican SBiratot Steamer ev#iy Wmtj Bays 8 

Cape Wt. Lucas, Mazatlan, San Bias, Guaymas, and La Paz. 

OFFICE : 217 Sansome Street, San Francisco. 

The Premium Shirt Maker, Mrs. EVELINE MORRIS, 526 Kearny Street 




Price, *ingt* ccpr, A oenli ; par Week, 
95 cents ; per Annum, tncfodlng Postage 
to ur part of the world, Twolve Dol- 
lars. Printed and Published br Frederick 
Marriott, No. €33 MonlgonMrr Street, 
San Francisco, California. 



Delivered immediately on the arrival of 
the malls In New York, Liverpool, London, 
Paris, Hamburg. Frankfort, Berlin. Suez, 
Alexandria, Yokohama, Shanghai, Hong* 
kong, Melbourne, Auckland. Sydney and 
Islands of the Pacltlc Ocean. 




[Established July 20, 185&I 



Xatcst §fcutt fvom (!)ur iPiamonil UUncs in %\t\v |tkxtc0 anil ^n^0na. 

Dispatched Daily by the Mails to every monetary and Commercial Center throughout the World. ■ -I 



Vol. 1. 



SAN FfiANJISOO, SATUBDAY, AUtt. 10, 1872. 



No. 18. 



OFFICE OF FINANCIAL POSTSCRIPT, 

San Francisco, 12 M., Auy. 10, 1S72. 



BULLION, MONEY AND EXCHANCE. 

f\ OLD BARS, 860 to 70. Silver Bars. 1 1-4 Discount. Treasury Notes 
\J are selling at 87 to 87 1-2. Mexican Dollars, from 8 to 8 1-2 pre- 
mium 

EXCHANGE ON NEW YOEK, 1-2 per cent. prem. for Gold; Currency, 
14 1-4 per cent On London : Bankers, 49 to 49 1-8; Commercial, 49 
1-2 ; Paris: Sf. per dollar. Telegrams, L 

PBICE OF MONEY HERE, 1 to 1 1-4 per cent, per month— Bank rate. 
In the open market, 1 to 1 1-2 per cent per month. The demaud is 
active. 



— FOB SALE? OF STOCKS THIS DAY, see pag* 4 of this issue. 

Biamondana. 

The Sub-Committee of the Trustees of the Original Diamond Discovery Com- 
pany yesterday submitted a report on proposed plan of operations. In view of the 
danger that the laborers to be employed In the prospectiug expedition may steal 
the larger gems, it is recommended that a cooperative scheme be adopted. Each 
prospector is to uold a libera] amount of stock, and thus share adeqnately in the 
common profits. Out of the total capital stock of 100,000 shares, it is proposed 
that 75,000 shares be sold at the price of $1 per share, a portion of which may be 
subscribed for by the men who are to compoBe the prospecting expedition. 

George W. Fox, of Virginia City, Nevada, who proposes to head a prospecting 
expedition to be fitted out by the Arizona Diamond Mining Company of that place, 
gives an account of a discovery of prcclons stones in the Bnro Mountain District, 
New Mexico, two hundred miles east of Tucson, in the course of which he say? : 
" Early in the spring of 1871 Arnold and Slack started for the diamond-fields, via 
Denver, and shortly afterward f started for the same place, by way of Tucson. 
They reached the diamond-belt in the latter part of July of last year, remained 
there about one week and left, via Denver, three days before I got there. I learned 
every move they had made, every pla'-e they bad visited and about how many and 
what character of stones they had purchased and picked np. I remained on the 
diamond-field some weeks, prospecting and exploring the belt for a distance of 
forty miles, and returned by way of Tucson." 

The amount nominally subscribed in San Francisco to the capital stock 
of the Atlantic and Pacific Railroad is now $743,200, by 1,355 names. As 
the solicitors for subscriptions stute to the individuals whom they ap- 
proach that the amounts written down will not be called for, and that the 
"subscription" has no binding effect (which is true), it is likely that a 
much larger aggregate may be obtained by continued eSbrt. 

— — The sales at the San Francisco Stock Board for the past week ag- 
gregate $2,610,000. The market has been quiet ot late. Apart from sales 
of 11,000 shares Condor, 7,400 shares Imderial and 6,000 shares Phoenix, 
the week's transactions in other descriptions were under 5,000 shares, and 
in a majority of cises under 1,000 shares. 

— It is rumored that the Union Pacific Company is negotiating for 
the Central and Southern Utah Railroad, with the inteulion to push work 
to the extreme southern districts of Beaver county. 



— Messrs. Jay Cooke & Co., agents of the Northern Pacific Railroad, 
announce that the subscriptions to the 7-30 gold bonds of that company 
reached one million of dollars in the month of July. 

— — The Western Union Telegraph Company have established an 

agency at Soquel, Santa Cruz county. The office has beeu opened to-day. 

Jgg"For interesting reading matter, Bee page 2 of this issue. 



LATEST TELECRAPHIC NEWS. 



LOXDOX, AUO. 10. 

United States 5-20 Bonds, 9ft I Liverpool Wheat Market, ins. 
Consols 92>s@92?;. 

XEK- YORK, .4.UG. 10. 



Gold opened at 115^ ; 11a.m. at 115?.. 

Sterling Exchange, los'.tft.ion',. 

Flour, —i 

Pacific Mail, WK. 

Wells, Fargo & Co.. 89X- 

Oil, S perm, quiet, $1.3S@$1.40; Win- 
ter Bleached, $1 B0cgi$i .68 ; Whale, 
firm, T0c@— ; Winter Bleached, 
7u@75. 

Hides, drv, 23;«(fh54>;c: ealted,12@12iC- 



United States Bonds — Five-twenties or 

18B2, 116 ". ; 1867,11554. 
Wheat, — 
Barley. — 

Quicksilver Mining Company, 4214. 
Cotton, quiet, 213£c. 
Wool, Spring, flue, S8@45c; Burry, 80® 

35c; Pulled. ™«n line; Fall Clips, 82® 

37c Burry, 20@25c 



YESTERDAY AFTERNOON SALES 

At the California Stock Exchange Board. 



SHARES. 

Alps 535 

American Flag — 265 
Do .... SO 

Adam's Hill 90 

Belmont 50 

Do 100 

Crown Point 50 

dollar 225 

Do 85 

Confidence 125 

Chapman 150 

Condor 525 

Empire Mill 240 

Empire- 100 

Eureka, G. V 50 

Excelsior 225 

Do 50 

Golden Chariot.... 10 
HuhnandHunt...H00 

Imperial 450 

Ida Elmore 50 

Ingomnr 400 

Ivanhoe 300 

Independent 250 

Meadow Valley — 545 

Minnesota 130 

Mahogany 150 



now. niGn. 

4J4 4X 

20X 

.... b.30 21 

H'i 

b30 ISii 7 

142 143 

92 93 

....b30 95 

13* 

2 2)4 



15!* 



16 



16X 

12k! 
bSO 13 
11 



3X 
13»4 
... b3 

IS 



15« 
IX 



374 
14 

IX 

5 
IX 

16 
2 

14', 



Mocking Bird 200 

Newark 125 

Ophir 235 

Do 80 

Do 50 

O.H.Treasure.... 50 

Overman 122 

Do 10 

Pioche 320 

Do 60 

Phajaix 840 

Page & Fanaca....375 

Pea Vine 100 

Raymond & Ely . . .835 
Do ... 85 



SHARES. LOW. I1IGU. 

. b30 2* 
2* 
3 41 

. b30 42 
. 85 41 
6X 



Do 40 

Do 20 

South Chariot 800 

Do 100 

Wash'ton&Cieole.lSO 

Yellow Jacket 85 

Do 10 

Eclipse 280 

Eureka Cons 775 

Do 425 

Do 50 



.... b30 86 

28X 2834 
.... b30 2S3i 
4'„ 8 
2X 
1H 
155 155}4 
.... b30 158 
155 156J* 
.... bSOlfSO 
.... b5 156)4 

2 m 

.... bSO 2)jf 
4S 434 
142 143 H 
.... b30 146 
10Xf « 
22 23 

.... t>80 22)4 
.... s30 22 



At the San Francisco Stock and Exchange Board. 



SHARES. LOW. 



SHARES. LOW. 



American Flag — 30 

Baltimore 5 

Confidence ...100 

Condor 25 

ChoUar 20 

Huhn& Hunt ....1700 

Knickerbocker 245 

Do 50 

G. H, Quart! 60 

Ivanhoe 200 

Louise 50 



13 



bio 94 
iX 3J4 



b4 OH 
bS 8 



21 | New York Corns.... 100 

3X !j Ingomar 140 

Ophir 15 

Pioche 30 

Do 10 

Pea Vine 150 

Do 100 

South Chariot 100 

Yellow Jacket.... 10 
20 



2X 



134 

42!$ 



1)4 

1)4 
42>< 



IX 
1 IX 

2)5 
146 
159X 



— The following monthly dividends will be paid to-day : Belcher, $312,000; 
Pioche, $20,000; Raymond * Ely, $210,000; Merchants' Exchange Bank, $3,000; 
Spring Valley Water, $40,000— making a total of $585,000. 



Subscribers in Advance to Financial Postscript can have their Copies Mailed Free from the Office 



THE DAILY FINANCIAL POSTSCRIPT 



Aug. 10. 



OUR RAILS. 

Overland Passengers Dae tnis Evening. 

Mrs. P. Hoeeey and daughter, Oakland; J. E. Butler, San Mateo; Charles K. 
Wead Malone, Nc* York; G. SOHthwell and wife, John W. Southwell and wife,. 
MJpb P. Goodwin, San Francisco; S. L. Sharp, Bardstown, Ky.; L. S. Eeed, 
Louisville, Ky.; S. A. Raymond, San Francisco; O. E. Payne, Cleveland, Ohio; 
Mies Marv Harley, Urbana, UK; Mrs. M. Mount and daughter, Gilroy, Cal.; James 
A. Keller Jr. and wife, Boston; Mrs. V. A. Brown and son, Sacramento; Miss J.. 
Clayton, Miss Liaa Morton, San Francisco; H. C. Saunders, Mt. Pleasant, la.; B. 
1, Maxham, Virginia City, Montana; P. N„ Bowaa, Mt. Pleasant, la.; R. D. 
Chandler, Master "Willie Chandler, Master Bennie Chandler, E. ~D. Heatiy, Sun 
Francisco; George F. Wilson, Providence, It. I.; A. E. Church, Mrs. H. G. Wil- 
liams, New York; J. Todhunter, England; W. W. Crance and wife, Brooklyn, ]$. 
Y.; Bfisa 3. Monmosnier, Baltimore, Md.; JuIiub PlatBbek, San Francisco; C. F. 
Lanahan, Philadelphia. 

The Forty-Second Parallel Railroad Survey, 

Thomas Scott's engineers are busy at work locating the California end 
of the Texas Pacific Railroad from San Diego eastward. The San Diego 
Union says the location has been made from Jamul Valley to Seventh 
Avenae, Nation City, about five miles in leDgth. The engineers returned 
to San Diego, and are now connecting with the Government and town sur- 
veys to get up a map to show tbe position of the surveys with reference 
to Sao. Diego Bay. 

California and Oregon Railroad. — The California and Oregon 
Railroad has been completed to Redding and the side tracks and turn- 
table put down. This place is about opposite Shasta, some five miles to 
one side, and will be the terminus of the road for this season. A town 
will be there. Oh the 8th iust. a sale of lots took place. Lots on the 
principal street, twenty feet front, brought $125, other lots in proportion. 

Vtatk Southern Railroad. — Trains on the Utah Southern Railroad 
have eomnacneed running from Salt Lake to Point Mountain, twenty-five 
miles distant. It is rumored that the Union Pacific Company is negotiat- 
ing for the Central Utah Southern, with the intention to push the work 
to the extreme southern districts. 



Wheat Movement — The Stockton and Visalia Railroad is bringing in 
large quantities of wheat daily. All available steamere are now kept 
busy in moving the grain down the river. Forty-one car-loads of wheat 
were received at South Vallejo yesterday. 

Coal and Ore. — Twenty-eight car-loads of coal from the Rocky Moun- 
tains, and five car-loads of ore from Elko and Palisade, arrived in Sacra- 
mento on the 7th inst. 



— • • The Northern Pacific Railroad Company has purchased the larger 
portion of the town of "Wallnla. 



LEA & PERRLNS' CELEBRATED WORCESTERSHIRE SATTCE. 

Trv«M-JUii<'«l by ConitoiMtK'tirs to be the Only Good Snme -f nutlon 

_Lr Asatkbt Frattd.— The snecese of this most delicious and unrivaled condiment 
having caused certain dealers to apply tbe name of " Worcestershire Sauce" to their 
own inferior compounds, tbe pub He is hereby informed that the onJy way to secure 
the genuine is to ask for "Lea& Pe?rin»' Sauce," trad to sec that their names are 
upon the wrapper, labels, stopped and bottle. Some of the foreign markets' 
having been-supplied with a spurious Worcestershire Sauce, upon the wrapper and 
labels of which the names of Lea &Ferrinsbave been forged, L. & P. give notice that 
they have furnished thoir corresoondcuts with power of attorney to take instant pro- 
ceedings against jianttfactuuers and vjTkdorb of such, or any other imitations by 
which their right may bo infringed. Ask for Lea& Fesrins' Sauee, and see name or* 
wrapper, label, bottle and stopper. Wholesale and ior export by the proprietors* 
Wo reenter jXroBse 4; Blackwell, London, etc., etc., and by grocers and oilmen uni- 



ye realty. To be obtained of 



MESSBS. CROS6 & CO., San Francisco. 



Monetary Facts. 

In 1866 the estimated value of tinned meat imported from Australian 
Colonies was only £320; four years later (in 1870) it rose to £204,000; 
whilst last year the value exceeded £500,000 sterling; and the demand for 
it has been so great in some places that the price has been increased by 
Id., and in some instances by 1 l-2d. per pound. ■■■ L atest advices from 
England state thatpig iron has attained the highest price realized in fifty 
years, and it is reported that considerable contracts for iron have been 
made for delivering over a large portion of next year at prices under those 
at present mliug r the disposition to buy being on the increase. The 

British steamer Mlpparchits recently arrived at New York iu 19 1-2 days 
from Rio, the quickest trip on record. She was an extra steamer, and 
rather unexpected. Her cargo consisted of 16,400 bags Coffee, which 
brings up the stock of Brazil in New York to 180,700 bags. There was 
31,000 bags of the same article at Baltimore, Hampton Roads and Mo- 
bile. T he project for a silk factory at Scranton, Pa., is a s\ieeess T sixty 
lots having been purchased for the erection of the works, and it is in- 
tended to make.it one of the largest establishments of the kind in the 
country. From three to five thousand hands will probably be em- 
ployed.—— It will require a week or more for the clerks to make the 
alterations in the assessment roll ordered by the Board of Equalization. 
Auditor Ash bury is now paying $100 per day for clerical labor in the pre- 
paration of a duplicate roll for the State Board of Equalization. This 
work aloue will cost over £6,000. The clerks have been at work on it 
Bince the 1st of July.- — —A Washington dispatch says there will be no 
more negotiations on' the new loan until after the Presidential election. 

The Qniney National is informed that the prospects are good for a line 
of telegraph to Plumas county. "Investigations show that the cost of 
the line, instead of being §15,000, as was at first supposed, will not ex- 
oeed $10,000. It has not been decided as yet whether the line will be run 
from Reno or from Oroville.— The clearance of the Francis TJtorpe yes- 
terday is the third Wheat cargo dispatched this month, and the eighteen til 
since July 1st, against only two cargoes for the corresponding period last 
year. There are three or four vessels now foil and in the stream awaiting 
crews. " ■ New Hamshire is going to look after her savings banks more 
closely. The Legislature, at its recent session, passed an act requiring 
the Trustees of savings banks to make a thorough examination of the 
affaire of their banks once in every six mouths; and banks having de- 
posits ot over £5(10,000 are to be examined quarterly, and a report of such 
examination,, signed by a majority of the Trustees, is to be returned to 
the Bai.k Commissioners for their inspection. '.— T he Bank, of British 
Columbia aTe budding a $50,000 structure in Portland, Oregon. ■■ The 
tires in Puget Sound continue to impede commerce. 

&■— The Economist Bays that the hulk of the gold which is received in London is 
taken forabroad on account of the German Government. It think* that there is 
&t ill a credit balance in London of from jK2,500,[!00 t0 £4,500,1)00 in favor of the 
Berlin Government, and that the bulk of the po!d arrivals will continue to be 
taken on German account. For this reason the Economist thiDks the Bank of Eng- 
land will not he able to reduce itB rate of discount. The Bvlliojtist believes that 
tin- decline in the discount and loan business of the bank, owiny to the competition 
ot'the open market, will eventually cause a reduction to 4 1-2 per cent: 



MARAVILLA COCOA. 

~\[€> Rrrakt'iM T:iblc if. < <>n»i>IeU- without this Iieliclons Eeicmfe.— 

J_l The "Globe" Bays; "Various Importers and manufacturers nave attempted 
to attain a- reputation for their prepared Cocoas, but we doubt whether any 
thorough success had been achieved until Messrs Taylor Brothers discovered the 
extraordinary qualities of " MaravlD-a" Cocoa. Adapting their perfect system of 
preparation to this finest of all species of the Tneobroma, they have produced 
an article which supersedes every otfler Coeoa in tie saarket. Entire solubility, o 
delicate aroma, and a rare concentration of the purest elements of nutrition, distin- 
guish the Maravilla Cocoa above all others. For Homoeopath and invalids, we 
could not recommend a more agreeable or valuable beverage. Sold In packets only 
by all Grocers, of whom also maybe had Taylor Brothers' Original Homoeopathic 
Cocoa and Soluble Choeolate. Sieam MiUs— Briek Lane, Londoa. Export Cbicoiy 
M m*,3n i yeB, Belgium. Feb.'-ij. 

PURE CHEMICALS AND ALL NEW MEDICINES. 

T3flornui> «& Son, 21, 33, su»d £21 Soulliaiuvton Ron', Ruswll Vik-ic, 
• London, supply pure Chemicals and all New Medicinal Preparations, includ- 
ing the following specialties; Pepsine.tfte acBrve digesaive principle of the gastric 
?U'ice-,au agreeable and popular remedy for weak-digestion— in powder, wint, lozenges, 
and globules. Pancreatic Emulsion, and Pancreatine In powder, containing the active 
principle obtained from the Pancreas, by which the digestion and assimulation ot 
fat is effected. Saccharated Wheat Phosphates, a valuable dietetic preparation for 
Invalids and children. supplying the elements for the formation of bone. Creosote, 
from wood lar,of which 1. Si. and Son are the only British roan afactur era. Gelatine, 
a perfect and economical substitute for Isinglass. Skipping orders executed with 
care and dispatch. Foreign Agents — Calcutta, Messrs. Scott, Thomson & Co.; Bom- 
bay and Poonah, Messrs. Treacher & Co.; Knrracnee, Messrs. Bndgett & Enghes; 
Uirtballa mid Mejan M ceiyau d LuchnoTT and Simla, Punjab Trading Co., Limited. 

MAGENTA.— "JUDSON'S SIMPLE DYES FOB THE PEOPLE," 

Arc undoubtedly tlitr imikl useful :.i-ti< It- ever offrivd !«> tliv i-ufilie. 
Abv one can use them, anything can be dyed with them in a few minutes with- 
out soiling the hand*. I» England "Judsoa's Byes are as " Household Words." 
Articles of Clothing that have been put aside as faded and useless, may be made 
nearly equal to new by merely following the simple directions appended to each bot- 
tle of Dye. Names ot Colors; Magenta, Mauve, Violet, Scarlet, Green, Blue, Pink, 
Crimson", Brown, Canary, Orange, Black. Price: Small bottles, Cd. Lirge bottles, 
18. 6d- estci*- Maybe had of Druggists and Storekeepers throughout the world, or 
wholesale of DANIEL JUDSON i: SON, London, and all Merchants. Liberal dis- 
count to Dealers. N. B.— A small hottle of color will dye twelve yards of bonnet 
Ribbon. * .'See that you get "Jpdson's Simple Dyes." 

BETTS'S CAPSULE PATENTS. 

Bpttn'sCnpsofc P::tti tx- — Tc pruet 1 1; rrii prnieiita. Xfitf«-<> l« lici-cl y 
given, that Betts's Name is on Every Capsule he makes tor the principal 
merchants In England and France, thus enabling vendor, purchaser and consumer 
not only to identity the genuineness oi the capsule, but likewise the contents Of the 
vessel lo which it is applied. The Lord Chancellor, In bis Judgment, Baid lha) 
the capsules are not nsed aierely for the purpose of the ornament, but that they 
ore serviceable Ib proteetiag the wine from injary aad insuring its genuineness. 
Manufactories— 1. Whabf Hqad.City Boad. Lo.nt .uy, akd Lohi'kaitx. Pra^te. 

JOYCE'S SP0BTING AMMUNITION— ESTABLISHED 1820. 

"Oreilt-i'icU Joyce A- Co. ii-xlUf Hie : ttt-i tit?i «if *[ < jl»m*'»r ft- tlietbl- 

X 1 lowing Aromunftiort, of tfte best quality, noir In general use throughout Eng- 
land and the Colonies: Joyce's Trebhle Waterproof Central Fire Percussion Capsf 
Chemically-prepared Cloth and Felt Gun Wadding, Cartridge Cases of superior qual- 
ity for Breech-loading Guns, Wire Cartridges for killing game at long distances, and 
every description of Sporting Ammunition. Sold by all gunmnkers aud dealers Id 
gimpowder. FREDERICK JOYCE & CO., Patentees and Manufacturers, 
Joty3- 57 Upper Thames atgeefi, London. 

BEATING'S COTJGH LOZENGES. 
fw«i'«!»sff[ : its M-J.i* •iinici <ei.at»lvl)3 <<:■ imuti! IIkwi ;nt< # 

reputation of theFe Lozenges in the cure of Asti.ma, Winter tough, HoMte- 
j-Lu&b, Shortness of Brealb, and other Puimonnrv Maladif-s. £o)d in bOltleE ol various 
sizes. KEATING'S BON-PONS, orCHILDBFN'S WOEM TABLETS. a purely vegeta- 
ble sweetmeat, tumishingboth in appearance and ta?>te a most ngrei ulil* mt-thed of 
administering a well-known remedy tor Irtet-tisal or Thread V> oims. U is a perfectly 
safe and mild preparation. .and especially adapted for Children. Sold in bottles of 
various (Mzes. THOP. KEATING, Eotidcn, Export Chemist and Bmggitt. 
Indents for Pure Drugs and Chemicals ca refully ejiecutc-d. June iit)^ 

SPECIAL NOTICE. 

Odd FMIrw.'-'N::'. »:'£-■' Esti' b llfvlfle: <t X ti tU- <.:-.. .1 1 ;> 11: i «-(i« z ft (lit- 
Board or Directors of the Odd Fellows' Savings Bank, held this dav, a dividend 
was declared at the rate of ten 21^-100 (10'2.,'d-lOt) per cent, per annum on Peima- 
nent Deposits, and at the rate of eight 2<%-\m (S31K-10. ) per c*nl. -per nnnpsi OB 
Short Deposits, for the Semi-Aunual Term, ending June 10, IS 2, pavaLk' on and after 



u- 



the 22d instant. 
San Frnneisco, July 10, lt>72. 



JAMES BENSON, Secretary. 
July i:'. 



NOTICE TO OWNEBS AND DBIVEBS OF VEHICLE3. 

The An nun! Lft^ei.K4-M fair tl'«- Tt-iir erdir-g- July t»u IN7:t. hill lierrute 
delinquent on the FIRST DAY OF AUGUST, its 8, and if not paid on or before 
then, will anbiect the owners and drivers of Vehicles to flue and imprisonment, with 
an addition of 25 per cent, per month. Peddles* and Bill Posters will avoid the heavy 
penalties by the prompt payment of lliulr License, at ofliceNo. 7, City Hall. 
July IX. E. P. BUCKLEY, Collector of L l ccnscs ._ 



NOTiCE TO TaX-PAYEES- 

lerBt'tt Office Rnard oi" M^iK-nixi r*. Kan Vvitt «Irc-«. JpTj- Sih, l^.'Va 

_ Public notice i6 hcrehv given that no action will be taken by the BoaTd of Su- 
pervisors on applications for the reduction of the Assessed value Of property ou th« 
Assessment Roll for the fiscal year IS 2-'.:., unless the party affected or agent apnea ra 
before said Board and is examlncdunder oath. JOHN A. RUSSELL, 



C 



July 13. 



Clerk of Board of Supervisors. 



ALEX4NDEK E. McGREGOR, 
«!*■ Ileimly ri»,r ki d Cttmtt.T ftaiveyor. <*lvtl KuflriRVCri tfvweyor 

J and Draughtsman. Room Hi Court Bloc k, No. G3ti Clay sEreet. March l&. 

GIANT POWDER COMPANY. 

lite «;.---: I Powdfi' C'ubunsiKy, Ek^i.dujiiuic, ^'i«-|>.cu A- <t'o« «.Vn<-ral 

l Agents, 210 Front street. Nov. 21. 



NYE & ACHESOI^, 



IuifMei !«'■-». of Crystal Clia!.d«-li«-i-N »i.u Ona £lxtr.k-«s lu evciv vnrlctv. 
3i oaudSl. Pine street. June 8. 

D. CALLAGHAN, 

Miiiniiiu-iurfr »il»oiir.«Hy'ii W-nkl Pt.n«lm. (i«-:uii Tartar, Sod* 
and SftlneratUS, 121 Front street, San Francisco, California. 
S? r H c r D. CALLAGHAN. Proprietor. 



J. MANBOT, 

R«il f:**t;»*e As^t I*, *iWt TStTfhj.i t stcevt, stbov** IS«;iii=« mery 
J.MANDOx,ancIeo agent d'affaires; vente de proprlete*. Fond de commerce 
et placements en tous genres. Business and Heal Estate Agent. lnvestmeniB, 
Money Loaned, etc. June 'i'J. 

REMOVAL, OCTOBER 2D. 

Dew»\Y A* Co. hiive toumitciI (>n-i»- l.S. sit.il I'crt-igii IPsiCei * .tpoi ry. 
Scientific Press, Pacific Rural Press, and Wood Engraving Establishment, into 
better quarters at No. 3^8 Montgomery street, oii the southeast corner of California 

Street, diagonally opposite M'eUs. Fargo ft. Co.' a Express. Oct. 7. 

DECOTO LAND COMPANY. 

I A. .tiueiiuai), PveKitletil; Hff. V. Hepbtrt, Setrcli. r> : lVni.Han cy 
m Treasurer. Director?.—!. A. Amerrian, Win. Hsrney,H. H. Bvrne. J. C. Pennle, 
F. M. Freuud, U. Trnube, P. Crowley, U. V. llerbeit, J. W. McKeni-ie, 3. C. Langton, 
J. T. Pomeroy, Adam Smith, Aaron Mever. >IAi:VEV S. BROWN, Agent. 

Ollice— No.tiil Montgomery street, Montgomery Block, next to Bulletin Publlca- 
tlon olhcc. Jan. 14. 

QUICKSILVER. 

Foranlo in lets. I:t suii Lv '1'Uoeu:ln i»'13. So. jO-< K:ti *.uiuv»>li't , «*f , omt 
Bank of California. " July I'J. 



AGARD, F0ITXKE3 & CO., 



i O 



F. G. NAGLE, 

eiiiclu'i' or EC<'t »r*irs, Nunuiuu rou:.(v, ltoi:e>'a BricU Rnil«lii>iE. 

Santa Rosa. June 15. 



/ 



An.. 10. 



OF THE SAN FRANCISCO NEWS LETTER, 



BOLL Or THE SAN FRANCISCO STOCK AND EXCHANGE BOARD 

E. P PECKKAM. . . pTMUtont. I B. H OOIT. Oilier. 

OEO. W. *M1LET, . ▼lo^PrMidonl.JH. SGKMIEDELL, . . . Trauorar. 
FRANKLIN XJlWtoU, S»cr»i*iy. % 



Barton. W H.. Mr b. Bulkl-* M. 
Bonynge.C, W..W* Mont^irpaUdnj. 

Sudd, W C MS CalUbroU •trooL 

Burling, W 4* r*Jirorula aireet. 

CahiU, E «X)M<nt£ocm*y«tre«l. 

Chariot, H- A ..**>] Montgomery rtKil 

Child, E F Wi OtlUbruU street 

Coarsen, a A. . Mb MotftpMU'ry street. 
Crosby, F. W. . .i* Montgomery street. 

Dixon, 8 315 Montg'y, np stairs. 

Duncan, W. L *22 Montgomery at. 

Deane, Coll UK Leklewlorff street. 

Everett, A. F.-.3W Montgomery utreot. 

£yre. E- E -U4 Montgomery street- 

Ehrlich, M Ol Montgomery street. 

Ford, J- C 1*) Montg'y, up stair*. 

Filch, J- B 411* California street. 

Fox, C W 406 Montgomery street 

Freeborn, J 423 California street. 

431over, G. F- M.. .428 California street. 

Hall, E. F-, Jr 4i0 California street. 

Herr, J- J 4*2 Montgomery street. 

Higgins, V- L 413 California street. 

Haasey, F- A 4CB Montg'y, up sfre. 

Poulterer, T. J 323 California street. 

Hear iques, David — 508 Montgomery. 

Kill, H L Out of town, 

Ivea, G- 1 434 Montgomery street. 

Jones, J- H 434 Cal'a St., up stairs. 

Jones, C. W 418 Montgomery street. 

Keene, J- B 408 Montgomery street. 

Sing, J- L 402 Montg'y, up rf'rs. 

Kilgour, L 401 California street 

Knox, Geo- T 513 California street. 



Kiusey, AG .40& Oat'a, up stairs. 

Lissak, A- H iMcalllbrn la street 

Loveland, L F . n- or*, up stain. 
Martin, MS — S9J Montgomery street 

Marina, £■ J.DeS ** Cal'a street. 

McDonald, M J. -402 Montg'y, np airs. 

McEhrain. J liw Lekdesdoru* street 

Noble, H- H 417 Hnywani's BulkTg 

PftgO, B- C 331 Montgomery street. 

Pecltham, E. P....413Califomla street. 

Perry, J., Jr 104 LcldosdonT street. 

Parker, W. C 104 Lletlesdorff street 

Borke, B- B 4 Duncan's Buihlhig. 

Sogers, B-F..*»Caraet,RoomNo.l 

Bose, L- S 415 Montg'y, up stairs. 

Schmieden, H 401 California street 

Schnitt,B L 437 California street. 

Seligstaerg, Wm 426 Montgomery Bt 

Shotwell, J.M 334 Montgomery st. 

Smiley, G- W 444 California struct 

Stanford, W. T— .316 California street. 
Strother, F- F.... 330 Montg'y, npst'rs. 

Stoutenborough, C 420 Montg'y st 

Sherwood, B-F 4l5Cali/ornia street. 

Turnbuli, W-— -428Cal'ast.,upstair«, 

Tinicnt, C 33-1 Montgomery street 

Webster, G. G 304 Montgomery st. 

Williams, H 434 California street 

Wilke, F- H 418 Montgomery street 

Winans, J. C 413 California etreet. 

Whitney, A. W- 

Woods, F. H 422 California street 

Zinns, L- A 411 California street 



FIRST NATIONAL GOLD BANK OF SAN FRANCISCO, CAL. 



ti}>« milLnl.fcl.^on.ooo. (...Id. 1'rr.ld.nl. Uro. F .Hoop* i i Vice- 

PrMldpnt Samuel Bert ; r»«hirT, N, K. Maiden. nraBrroai Geo. K. Hooper, 



CALLFOBNIA STOCK EXCHANGE B0AED. 

T. J. L. SMILET - . . . President. | JOS. TILDEH, Caller. 

OHAS. L- WELLER, . . Vice-President. | E. J. BALDWIN, Treasurer. 

W. W. LAWTON, Secretary. 



Adamson, W- E- H-..40SCalifbroiast. 

Allen, C B 106 Licdesdorff street 

Baldridge, M 608 Montgomery st. 

Baldwin, E. J 500 California street. 

Barrell. Sam'1-422 Montgomery etreet. 

Bourne, J- B 323 California street. 

Broderick, E...G Merchants' Exchange. 

Crosett, J- F Out of town. 

DeGreayer, S.- .513 Montgomery etreet. 

DeLacey, Chas 430 California etreet 

DeLorme, E. W 506 Montgomery st j 

Diftot, A 422 Montgomery street 

Duncan, W-T 413CalUoruia street. 

DuVal. W. S.411 California Bt, Room 4. j 

ElUs, A.J Pacific Club, i 

Fitch, K. S 506 Montgomery street. 

Fiagg, H. H...415 Montgomery street. 
Gildemeister, J. P. H.H3 Montg'y Blk. 

Gillis, G. P 400 Montgomery etreet 

Gray, J SW Montgomery street. 

Harvey, C- C 418 California street 

Hawkins, Jas.-.W Stevenson Building 

Hill, J. Bryant 528 Montgomery St 

Ho are, C. W 408 California street. 

Howard, H. G.-322 Montgomery street. 

Hussey, J. L 305 Montgomery street. 

Hyneman, S 420 Montg'y street. 

Kenney, C. A. 411 California etreet 

Kent, R- T 404 Montgomery street. 

Klopenstine, J. -422 Montgomery street 

Lacoor, L 503 Montgomery street. 

Lawton, W. W At Board Boom. 

Xichtenstein, M. B.406 Montgomery st 

Lincoln, J 322 Montgomery street. 

Mansfield, M. . -306 Montgomery street 



Marina, E- J. de S. .822 Montg'y street 
McCarthy, Eugene. 327 Montg'y street 
McCullough, T. J. . .306 Montg'y street 

McKenty, J 422 Montgomery street, 

Middleton, John... 310 Montg'y street, 

Miller, Wm-H 

Moore, J- M T7 Montgomery Block. 

Moyle, J- W — 302 Montgomery street 

Owens, J. H.- 428 California street 

Patridge, H- C International Hotel. 

Perine, G. M 413 California street 

Pheby, T. B. . . 440 Montgomery street. 

Boberte. D- S . 

Sogers, Geo. E. 331 Montgomery street. 

Bosenolatt, S 503 California stroat. 

Budsdale, M 418 California street. 

Sanborn, T. 411 California street. 

Schmitt, M. 437 California street 

Sewall, G- T. .24 Merchants' Exchange, 

Smiley, T. J- L 310 Montgomery st. 

Smith, E- L 302 Montgomery street. 

Smith, W. J 422 Montgomery street. 

SnowbaU, B, Y....411 California street 
Soren, Geo- S...528 Montgomery street 

Stewart, Geo. W 

Taylor, W. B — 420 Montgomery Btrect. 
Thompson, J, M. . .428 California street. 

Tibfcey, E. S- 503 California street 

Tilden, J- At Board Room 

Townsend, M. D—Hayward's Building. 
Weller, Chas. L-- . . .521 Jackson street. 

Williams, W. J At Board Room. 

Wolf, F 424 Montgomery street. 

Wright, Wm. H. 420 Montg'y street. 



THE CALIFORNIA CHINA MAIL AND FLYING DBAG0N. 

For Every China Steamer, will be limned on the day or sailing;, 
containing a review of Markets and Prices Current: Grain, Shipping, Monetary 
and Bullion Review; complete summay of Telegraphic News to dale; latest Eastern 
Market Reports, etc., etc. The most complete and valuahle newapapev for transmis- 
sion to Ch in a correspondents. Pec. 24. 

CUTTEK WHISKY. 

Al'. Hol.iliiic .'.- Co., No. 1-tl Jaehson street, are the Sole Agent* 
• on this Coast lor the celebrated J. H. CUTTER WHISKY, shipped direct to 
them from Louisville, Kentucky. The Trade arc cautioned against tne purchase of 
inferior and imitation brands of " J. H. Cotter old Bourbon." Owing to its deserved 
reputation, various unprincipled parties are endeavoring to palm off apurlouB grades. 
It la really the Best whisky in the United States. March 19. 

C. J. COLLINS, 

Hatter, II o. 331 IHontcontery street, near California street, under I. 
O.O. F.Hall. Masonic, Army and Navy Goods a Specialty. All goods im- 
Fiorted or manufactured by me are guaranteed to be of the very best quality. Thank- 
ul for the large and increasing patronage bestowed upon me by the public, I hope 
to add to It by the superiority ot my work and the reasonable figures at which every 
article is sola. June 29. 

LOOTS JANLN, JE., ~ ~~~ 

Consult inc liming Engineer. — 3Lines examined ami reported anon. 
Office : S. E. corner California and Sansome streets, S. F. July 13. 



Patljr i>en*h.i<\ CaitrlM Q. Muokor, al.l'.ion**, Jmb'k MotlilL, Jainos C. Floods 

KiIwmhI Mai tin, U. r»ll«ylnui, Mniiurl |Jori. New VuhkA<iintn .lay Cooler & Co. 
London ^ I loke, Mi-Cullorh ft Co, KxrliHiiftn for sale on tlio principal 
i-ltl.-* of Hi. ( nltnl suu-., iir.-»t [(rlulnnnd li.'Uu.l. LumniitrrUl ( r. ■tills Issued 
available In Kuropc. ('htna and .l*inui. Thl* Hunk Is prepared to irausad a ki-iht*1 
banktim business. Deposits In (told. Silver and uiilev.l lo check 

or on special deposit. Collections attoatl«d to sn<l prompt returns luacle at tlio \ow- 
**t market rau> of Kxcbitujrc. May i. 

THE BARK OF CALIFORNIA, SAN FRANCISCO. 

Ctiplltil. M.n.m.i |>. O. Mills, frestlrtriit ; fT.C ltnlMon, 4n*htri. 
AfiKNTH— In S>w York, M.«*«rs. Lklts & VxiXkn ; 1b Boston, Tkxmoxt Na- 
thivalHink; In l.i'votoii, (ikirvm. Hank OOBVOEATtOH. l^tfe«ra>of Crwdil Issurd, 
avallaUe for the purchase of Uorchaadlae throuatutut the (JnUod stairs, Europe, 
India, China, Japaii and Aastraila. Kick or. r. for *a*r ou the At4«nth:riUf«. Draw 
direct on London, Dublin, Parle, Kt. H.iU-rsbunrti. Anwicrdam, IIiuuburK, HrcmcUs 
Yleuim. Leipslc, Sydney, Melbourne, Yukohitnm, fthlUlBhll, LIougkoiiK, r'rankfort- 
on-ihe-Maln. March 28. 

FEENCH MTJTOAL PEOVIDENT SAVINGS AND LOAN SOCIETY. 

Tweiil.T.tlflll Sriiii. AiiimikI IVi\l.liii.l.-.l III t mI<-imI of \li.«- |M a r cvnt. 
prr annom net <y per cenl.> upon the operations of the Ftonck Suvln«B and 
Loan Society lor the six ntonilis endlitir June J'.Uli, is?.', has, In coufonalty with the 
report of the Committee of Verification appointed by t lie members at the Society, 
Ixren decliired by the Board of Admlnlstrntlon, at tiie Beml-Annaal MuethiR held on 
the n.th iiotiaut. This dividend will be payaMu on and after the isth Instant, at the 
orhce of tko Society, 411 Bunh slreeU OtTSTAVE MAHK, 

July 20. Dlr<w-tor of Fr eticfc Savings Bank. 

DIVIDEND NOTICE. 

The Uernian Suvluc* nnfl fljoitn Noel«4.i'. — Tlie n««w1 of DireWora off 
the Society ha\e declared the dividend for the six montbB ending Jorre 80th, 
18,2, at the rate of <*.' S-S per cent) nine and thrce-flrtbtt per cent, por annum on Term 
Deposits, and (S per cent.) eight per cent, per nnnnm on Ordinary DepoBlta, free of 
Federal tax, payable on and alter Monday, the lath July. By order. 

GEC — 



July 6. 



jKORG-K LETTE, Secretary. 



G19 



SECUBITY SAVINGS BANK —GUARANTEE CAPITAL, $300,000. 

Otltcom: l*resililent, John 1'arrof.t ; Vlre-l*rrMldent, Henry H. Bab- 
cock: Secretary, T. F. Bacon; Attorney, Sldaey V. Smith. Loans made o» 
Real Estate and other Approved Sccnrltlee. Office : No. 304 Sannome street (Fried- 
lander's Building), opp oaite tlie Bank of C alifornia. Sa n Fr ancis co. O c t . la. 

SAVINGS AND LOAN SOCIETY, 

Clny «t rtH'l . Nan Francisco, July OUi, 1M72. — At n mertliit it f llir 
_ „ Board of Directors, held this day, a Dividend of Nine per cent, per annum, 
for the six months ending Juno 3Uth, W.2, was declared on all -deposits, tree of Fed- 
eral Tax, and payable on and after MONDAY, July 15th, 1872. 
Joiyau. CYRUS W. CARMANf, Cashier. 

MASONIC SAVINGS AND LOAN SANK. 

Guaranteed Capital, sir.o.ooo, tstii<e, No. 6 Post irtreeA, n.tsonk 
Temple, San Francisco, California, LEONIDAS E. PRATT, 
Gax). RoBtxa, Sec retary. [April 16.] FreBldcnt. 

THE LONDON AND SAN FRANCISCO BANE (Limited]. 
ell KsrnflM on Yokohama, IIoukIcous, Shaii£lia4 nud Miinlll, At 

sig ht or o n time, in sums to suit. Jul y *. 

FEENCH SAVINGS AND LOAN SDCTETY. 

Rush Ntreet, above Hearny. <i. Malie, lit ret- tor. I,o»im made 
on real estate and other collateral securities at current rates of interest. 



S' 



411 



J. SELIGMAN & CO., 
anker*. No. 412 California street. — Exehnnee and Telecrraphle 

Transfers for sale, payable In Gold or Currency, In some to suit, on all principal 



cities of the United States. Also, Bills ot Exchange on the principal cities of 
Europe. Dec.24. __ 

THE MERCHANTS' EXCHANGE BANE OF SAN FRANCISCO. 
npltnl Slock. One Million Dollars. Ix>vi Stevens, President ; K. 

N. Van Bruot, Cashier, Banking House, 415 Caliiomia street. July 2. 



C 



S" 



D. F. Vehdenal.] POULTEEEE ft VEEDENAL, [T. J. Poulterer. 
' toelc Brokers, San Francisco Stock and Exchange Board, 323 Call- 

fornia atrcet. May 11. 

W, W. DODGE & C0o 
Importers and Wfaoleaale Dealers lu Oroceries and Provisions, 

Corner Front and Clay street*., SAN FRANCISCO. 
NEWTON BOOTH, 1 J- T. OLOVEB, 
C. T. WHEELER, W. W. DODGE, 
Dec 9.] Sacramento. I San FranciFCQ. 

S. T. SUIT & CO.'S 

CELEBRATED KENTUCKY WHISKIES! 

Congress Bourbon, National Bourbon, 

Capital Bourbon, ' Breckenridge B. B. B. Bye. 

None of the above brands ace under three years old. Quality Guaranteed. 

BOOTH A CO., Sacrantento, W. W. DODfiK A CO.. San Francisco, 

Dec. 9.] Sole Agents for Pacific OoaBt. 

EX SHIPS NEPTUNE AND HAMILTON. 

Just received, direct from nessrs. S. T. Mi it A- Co-.ofXonisville. Ken- 
tucky, an invoice of their celebrated BOURBON and RYE WHISKIES, from 
three to five years old. Quality and age guaranteed. For sale In lots to suit by 

W. W. DODGE &. CO., San Francisco, 
BOOTH & CO., Sacramento, 
July 27. Sole Agents for Pacific Coast. 

MORRIS SPETER & CO., 

Importers and Commission MerclianAs. Mo. 13 Mercn. Exchange. 
Hamburg-Bremen Fire Insurance Company. Office, 13 Merchants' Exchange. Pol- 
cies Issued against loss or damage by fire on brick and framebnlldings, stores and 
dwellings, furniture and merchandi se, w arehonseaud contents. Premiums as low as 
In any other responsible company. J3P" All losses paid in U. S, Gold Coin. 
Jan 29. ' MORRIS SPEYKR & CO., General Agents. 

EDWARD E. HALL & CO., 

Stoch Brokers and Members of the San Francisco stock and Ex- 
change Board. Cash advances made on active stock accounts kept with ub. 
Jan. 13. Office: No. -tin California Btreet. 



CTBU8 W. JONES.] 

Commission St 
Building, San Francisco. 



JONES & COLE, 



[THOMAS O0LB. 
I Exp 

April 



ME. LAVEE, 
f Fuller «*,- liiwr, New York, Consulting Arcbltocts.-. 

street, near Market, Sau Francisco. 



O 



JAMAICA BUM, 

[fi <luart«r Cnalu 30 «tr. Cnnkn Iltul" ProoC-For fwle Id Bond or 
duty paid, by [Feb. 9.] AGARD, FOOLKES & CO., 412 Front street. 



F 



NOTICE. 

or the very bent Photographs go to Bradley A Bulofson''s In an 

Elevator, 429 Montgomery street. Oct. 29, 



Jas. O. Rountkee.] E0DNTEEE AND McUTTLLIN, [Geo. O. MgvMuixin 

Wholesale Sealers in Clroceries and Prorisions, No. 333 Froi t 
stree t, between Clay and Comm er cial, San Francisco. Oct. 29 

GOLDEN HILL COBALT, NICKEL AND CHEMICAL WORKS. 

Stoke upon Trent. Staffordshire, England.— J. H. Williamson, tit" 
proprietor of the above works, is open to purchase Ores of Cobalt, Nickel and 
Bismuth; also, Borate of Linn? and Tincal. Aug. 5. 



THE DAILY FINANCIAL POSTSCRIPT 



Aug. 10. 



OFFICE OF FINANCIAL POSTSCRIPT, 

San Francisco, IS 31., Aug. 10, 1B7X. 

Interesting Railroad Proceedings. 

A meeting of the Executive Committee of the Committee of One Hun- 
dred was herd yesterday afternoon. Following is a report of the proceed- 
ings as given out for publication : 

The Sub-Committee appointed at a former meeting to confer with the 
Committee of the Atlantic and Pacific Railroad subscribers, in the pre- 
paration of a plan of organization of a Railroad Company, choosing Di- 
rectors, etc. , reported progress, submitted names of Directors proposed 
for the new company, and stated that they had prepared the necessary 
articles of incorporation. The names of the gentlemen proposed for Di- 
rectors are as follows : Alvinza Haywftrd, R. G. Sneatb, J. Seligrnan, W. 
P. Jones, J. C. Merrill, M. J. O'Connor, J. Bensley, Richard Tobin, J. S. 
Hager and A. Dibblee; and as representatives of the Atlantic and Pacific 
Railroad in the Board, Messrs. Coffin, Pierce and Brown. On motion, it 
was resolved that the Committee approve the above names. The Com- 
mittee then adjourned until Monday next. 

A fuller report of what actually transpired at the above meeting would 
be interesting. Mr. Coffin, representing the Atlantic and Pacific Railroad 
Company was, it is understood, present. When it is made known what 
questions were asked of Mr. Coffin, and what were his answers, it may be 
possible to form a better judgment as to the claims of the proposed rail- 
road company to receive some millions of San Francisco city bonds. As 
yet 'no explanation has been ottered to the public of the recent stock 
operations of the Atlantic and Pacific Railroad Company. The New York 
Financier pronounces them " stock jobbery;" the Stockholder calls them 
"a private fraud " of the directors. As it is proposed to make the bonds 
subscribed by Sau Francisco responsible for the execution of these doubt- 
ful contracts, it becomes important to know what guaranties the Atlantic 
and Pacific Company is prepared to otter to protect the city against total 



Freights and Charters. 

Tonnage is at present quite plentiful, and the most of the vessels in 
port, together with many that are to arrive within the next sixty days, 
have already been chartered to carry wheat to the United Kingdom, at 
high freights. Considerable dispatch is given to all grain-carrying ships ; 
we are, in fact, loading about one ship per day with wheat, and we hope 
to do this for many mouths to come. The greatest drawback at present is 
the scarcity of seameu, and for want of sailors ships are often detained at 
anchor a week or more, waiting a crew; and some ships that have recently 
gone to sea have carried more tailors than sailors. " Shanghaing" has 
been the rule of late, aud many a poor fellow carried ott' to sea against his 
will. It is a difficult matter to quote grain freights at present, as some of 
the ships have changed hands once or twice, or even thrice, before a final 
clearance. A vessel suited to the carrying of grain to England can obtain 
a £4 charter to load this month, while £4 3s has been paid to a direct 
port, and £4 5s to Cork for orders. Ships are uow wanted to load fur 
New York, Chiua, and elsewhere, and large inducements held out for 
coal ships to New Zealand aud coast ports. Our semi-monthly steamships 
to China and Japan, tri-monthly to Panama and way ports, and those to 
Australia, British Columbia, aud coast ports, have all the carrying busi- 
ness that they can do ; and the colouial trade erics for more and better 
steamers for the growing trade of Australasia. 

The Recent Savings Banks Reports. 

An analysis of the last reports of the Savings Banks of San Francisco 
and the interior, shows that, after deducting from the total sums on de- 
posit the amounts which are due to dividends declared and carried to the 
credit of depositors, the annual amounts of new savings deposited have 
been as follows : In city banks for the year ending June 30th, 1872, $2,- 
373,640; for 1871, $1,715,276; for 1870, §2,605,731. In interior banks for 
year ending June 30th, 1872, $443,967; for 1871, $3,883,111; for 1870, $1,- 
885,278. The gross earnings from $32,310,571 of loans in July last year 
were in January, $1,986,322, or 6 1-4 per cent, for six months, whereas the 
gross earnings now reported on $36,542,628 in June is $1,967,692, or 5 1-4 
per cent, for six months. This has been an important reduction in the 
average charges for loans, aud is interpreted as a consequence of the great 
increase of loans in proportion to the real estate to be loaned upon. 

r 

Redactions of the San Francisco Assessment Roll. 

The.corrected assessment roll of the city and county of San Francisco, 
as revised by the Board of Equalization, was yesterday returned by the 
Clerk of the Board to the Assessor. The gross sum represented by the 
applications for reduction of assessment was $42,055,814 90, which, by 
the action of the Board of Supervisors, was reduced by $2,600,229, making 
the amount of the ^reduction allowed $39,455,585 90. In addition to the 
reductions allowed, an estimate based upon reliable data indicates that a 
further amount of not less than $30,000,000 still remains on the roll rep- 
resenting duplicate, and, therefore, it is believed, unconstitutional taxa- 
tion. 

— • A certificate was filed yesterday in the office of the Clerk of the 
County Court, incorporating the Keystone aud Boston Consolidated 
Mining Company. The capital stock"of the Company is fixed at $3,000,- 
000, and the object of the incorporation is to mine in the Castle Peak Dis- 
trict, Mono county. The Trustees are A. McBoyle, W. A. Searles, O. H. 
Bogart, G. K. Porter and A. F. Bryant. 

— The rate of Sterling Exchange in New York is reduced to a point 
which will not warrant coin exports. 

— — Another transfer of $300,000 coin has been made from the Assist- 
ant Treasury. 



SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



Ophir 40 

Do 20 

Gould & Curry — 5 

Savage 55 

Bo 20 

Do 20 

Chollar 330 

Do 30 

Do 10 

Hale ANorcross... 200 

Crown Point 335 

Do 5 

Yellow Jacket 2.5 

Do 60 

Imperial 1410 

Do 40 



LOW. HIGH. 
40 40,v 

.... b5 41 
M0 



1.55 
154 
156 
91 



Kentack 10 

Belcher 255 

Do 20 

Confidence 385 

Do 100 

Cone. Virginia 16& 

Sierra Nevada 100 

Seg, Belcher 45 

Overman 174 

Do 10 

Justice 415 

Buckeye 60 

Julia S5 

Caledonia 65 

Do 40 

Knickerbocker 405 

Do 100 

Baltimore 200 

Silver Hill 100 

Eclipse 140 

New York 305 



152* 
03 153 
blO 154 

87X 

blO 88K 89 

.... b39 90 

81* S3 

140 142 

.... b80 144 

141 

... e30 149 

12X 13# 

... h5 13 

16 16X 

295 
118)4 119 
... D30 122 

12# 12J4 
... 05 nn 
33 34 

15X 15& 
118 120 
81 81 a 

... 030 83 
15 I6X 

8!* 
5H 5?i 
62!4 633S 
... b30 65 

m 9 

... D30 8?i 
VA 
7 
16!4 17 
1 i% 



3HARE8. LOW. 



Phil Sheridan "WO 

Woodville 550 

Seg. Caledonia 550 

Meadow Valley — 290 

Do .... so 

Do .... 30 

Do ....100 

Raymond &, Ely... 205 

Do 95 

Do .... 10 

Eureka Cons 4.30 

Do 270 

Jackson 100 

Phtenlx 530 

Do 100 

Pioche 150 

Do 130 

Do 50 

Excelsior 800 

AdamsHill 50 

American Flag — 200 
Do —10O 

Newark 125 

Star Consolidated.. 120 

Belmont 2TO 

Huhn & Huut. . . ■ 1050 

Do 100 

Chapman 230 

Ingomar 300 

Condor 340 

Do 59 

Independent 109 

Mahogany 05 

Do 100 

South Chariot 700 

0, H, Treasure 186 

Mammoth 100 



HIGH. 

75e 

4sr 

4 
15JS 16 
.... b5 15 
.... b3 16 
.... e30 16% 
147 149 
.... 030 150 
.... blO 14K 

22 22« 

.... 030 22JJ 

85c 

4% 
.... b30 5 

28 28*6 

.... b39 29 
.... blO 28)4 

n 

254 
20» 21 
.... O30 21& 
.... S3 2!4 
1« 
6* 
3« 
b30 :)'<;■ 
2X 
1* 
3 
3 
1 

153S 

.. b30 16H 

2 2J£ 

6 6* 

50e 



» 

3# 



r.i 



b30 



At the California Stock Exchange Board. 



SHARES. LOW. 



SHARES. LOW. HIGH. 



American Flag — 10 
Baltimore 190 

Do 50 

Bait. American- .. 15 

Chollar 10 

Caledonia 20 

Do 40 

Condor 75 

Cr. Poi"t Ravine.. .250 
Gold Hill Quarti... 70 

Huhn& Hunt 300 

Do 390 

Imperial 20 

Ingomar 325 



05 3& 
03 3!i 
2)4 
91 
62 



2* 
Vi ■ IX 
*X 
.. 030 4 

18X 
IK U» 



.... 50 

Knickerbocker 160 

Julia 50 

New York Con 400 

Ophir 80 

Do 10 

Pictou 100 

Phmnit 50 

Savage 5 

Do 5 

South Chariot 50 

Woouville 259 

Yellow Jacket 20 



1 

89 



b3 



1* 

s30 SH 

5% 

1* 

40* 

39 % 

85c 

... D30 4% 

.... b5 150 

... bSOISS 

254 

4* 

142& 



Gold. 

Baron Humboldt said that before Columbus struck the New World 1 
(1492) the amount of gold and silver dug annually amounted to $250,000; 
and that the gross amount of gold and silver in use in the world was- 
8175.000,000, about one-twelfth of our national debt. How valuable was 
a dollar in those days ? Why, it would buy ten bushels of wheat and pay 
for five days* labor. Well, the Spaniards overran Mexico and South 
America, and before 1562 one thousand new mines were discovered iD 
Europe and Asia. In 1545 the annual yield of gold aud silver had in- 
creased from $250,000 to $750,000, and the silver then in use amounted to 
$250,000,000. In 1600 the stock on hand was estimated at $650,000,000. 
In 1700 it had reached $1,385,000,000. In 1800 it had reached $1,900,000,000. 
From 1810 to 1829 there was not much mining ; a good deal of gold and 
silver were used in the arts, and, through wear and tear, the world's stock 
of gold and silver decreased to $1,565,000,000. From 1800 to 1848, before 
California, the world's supply of gold and silver, through mines in Russia 
and North and South America, increased to $4,095,000,000. 

Mr. Thomson Hankey, writing in the Econom wr, expresses his opinion 
that the time has arrived for taking stock of the large increased produc- 
tion of gold in the world. I believe (lie says) that daring the last ten 
years the export of gold (exclusive of gold coin) from the Australian 
Colonies, has not been less than about 17,000,000 oz., or equal to £68,000,000 
and the gold coin exported from the same colonies would add about 
£20,000,000, making a total of not far short of £90,000,000. Nor do I 
believe it would be disputed that the export from the Australian colonies 
during the previous ten years — say from 1853 to 1862 — was at least eqnal 
to that during the past ten years ending December 31st last; if so, 
the total export of gold from the Australian colonies since the first 
discoveries of gold cannot have been much less than £170,000,000 to 
£180,000,000, and if the export from California during the like period has 
been only £120,000,000, we have a gross total of not less than £300,000,000 
of gold added to the stock of gold in the world since 1852-53. I have 
only reckoned the gold produced in Australia and California ; the produc- 
tion of gold in other parts of the world previous to 1852 was considered, 
I believe, to be equal to from £3,000,000 to £5,000,000 value annually; if 
we only reckon it at three millions, there will have been a fnrther addition 
of £00,000.000, so as to make a grand total of at least £360,000,000, and 
possibly considerably more, to the gold already in the world before the 
discoveries of gold in California and Australia. 



— The Trustees of the Gould & Curry Mining Company have levied an assess- 
ment of $15 per share, amountingto $72,000, delinquent at the office on the 12th 
of September. 

The number of German immigrants ariving at New York last 
month was 11,835 ; the total number since January, 78,386. 



10. 



OF TIIK SAN FRANCISCO NEWS LETTER. 



OUR MINES. 

Grand Jury Report on the Yellow Jaoket Fire. 
Tho fallowing ts the u-xi ■•( ihu report of th« QrmndJnrjol 

; i, jut raodorod in the matter «>f the Bra In fche Tollon 

Jacket mini' : 

Tin- OfUd .'tin- OOndnded that It won tbelr duty to examine into the 
matt«r Of tin- On In tin- follow Jacket, Kcntuck and CrOWD Polol mini ■ 
In April, 18(0, by wblofa many miner* lost Uu-lr ttvtt, Wa Mininjoued be- 
fore u* all persons, as witnesses, whom the Jury supposed werfl possessed 
of any knowledge In regard to the cause or origin of snld lire, and after ns 
complete on Investigation us we conld make, we have failed to pother any 
fact.-, landing la snj pnrUcalu to show that the fin was the sot of any 
neraon known t<» any of the Wttna—aa, Tho jury had Isaac Bahbell be- 
fore tin-in u s witnese, who had frequently reported to the District At- 
torney and Other parties that he had hifoYmrttlou which would tend to 
show that the mines before mentioned had been designedly/ Ml on fire. 
But after a cun-ful examination of the witness by us, we ore convinced 

that bi» statements arc without foundation ,111.1 nnenstalned bj any other 
witnesses, and seemingly the result ofpenonal malice toward parties by 
whom he conceived himself to have been maltreated. The Grand Jury 
also examined carefully Into the matter of the taking of unusual quantities 
of powder into the said mines previous to the tire, and foil to find any 
testimony to show thut any more powder was taken into these mines than 
was wanted for the dally working of said mines. Signed, F. A. Tritle, 
Foreman; C. Derby, D. Block, Thomas Gallagher, L P. Drexter, J. F. 
Smith, J. C. Humptou. H. C. Blanelmrd, A. M. Bdgington, J. H. Mvriek, 
W. Van Bokkclen, M. F. McMillan, A. If. Cole, H. G. Mayuiird, Iru S. 
Parke. 



Dl AMOND NEWS. 

Highly In tor eating Report from Ariionn. 
A dispatch dated Los Angeles the Wh mat says | ■* Professor Glass, of 

do, and the Todd party, arrived Ibis evening from mi extended 
Gal tour in Aii/.oim and New V I from the diamond 

Delda, They have With them one thousand pounds of specimens of gold, 
silver and other ores, and several pints of precious and doubtful stones, 
which will be exhibited In San Francisco. On the route from Fort Win- 
gate to Albuquerque, New M'-xleo, and on the borders of Arizona, though 
not so frequent, and in what uro called the "Ant HUla," their precious 
stones were discovered— all were at the surface. They have genuine 
rubies, the specimens ranging from the size of a largo pea downward. 
The diamonds, II there be any, are small, and ot best of little value. The. 
party found rich gold and silver-hearing quart! near Fort Wfogate, The 
party also claims (0 have discovered and Located flow ing oil springs that 
will yield from seventy to a hundred barrels a day. They will not divulge 
the precise location. In old mounds and ruins of ancient cities they found 
relics of tools, pottery and woven cloth centuries old. Tho party is not 
sanguine, as to the diamond diseovertee. Three pints of their best stones 
a ill be tested and exhibited. The ruby specimens will weigh a quarter of 
a pound. They suffered privations on the road, and narrowly escaped 
perishing in crossing the Colorado Desert." 

More €»«m Seekers.— A dispatch from Salt Lake, Utah, the 9th Inst., 
says: "Another company to search for precious gems in Arizona and New 



Mexico Is organizing here, 
gauization.'* 



All the stock has been taken in tho first or- 



Pioche. — Slope of the first level, ore three feet wide; assay, $175. 
Shipment of bullion during July, $40,000. The expenses are $18,000, 
leaving $22,000, ol which $20,000 is paid out to-day for the dividend, and 
$40,000 carried over from previous month. 

Ely Bullion.— During the month of duly Wells, Forgo A Co. shipped 
from the Ely District bullion to the value of $522,785 84 — the largest 
amount yet shipped from that District in 11 single month. 

Condor. — The ledge now shows three feet wide, and the galcua ore is 
running out and chlorides show more plentiful. The mill is approaching 
completion. 

1 vn nil...-. — During the past week have struck several senms of rich ore. 
At a depth of 220 feet arc running a cross-cut, which lias tapped the vein. 
The workmen have gone in to the depth of eighteen inches. The ore is 
reported to show very rich. 

Mocking Bird — New contract to sink fifty feet has been let during 
the week. The ledge now shows four feet in width, the ore solid about 
two feet. 

Maggie, — Work on this claim will be started up again in a short time. 
The claim is believed to He on the same ledge as the Chief of the Hill. 
At present the shaft is 143 feet deep. 

Page & Pa mica — The machinery of the works is in position and 
hoisting has commenced. 

Newark. — Machinery of hoisting works being in position, work has 
been resumed. 



Chief of the Hill — Drifting and stoping on second level and raising 
ore. Have temporarily suspended work on lower level, having traced out 
the Burke Tunnel Company. A new working shaft will be sunk. 



American Flag. — Work of placing machinery in position is going 
ahead, and engine will be started up in about a week. 

Belcher.— South drift 1,000 feet in; good ore; assay, $234. 



Diamond Furore— The Vollcjo (Solano County) Chronicle has the fol- 
1 lowing cheerful paragraph : " The Vallejo and Arizona Mining Company 
opened its books for the sale of stocks yesterday, at the post office, with 
the capital stock fixed at $600,000,000, and $1 per share. The exhibition 
of the beautiful gems taken from the mines of tho company by 1. Hold- 
em, its President, and U. Skinem, the Secretary, has, if we may believe 
I the Bulletin published this morning, aroused the wildest excitement. 
The following are the quotations : 'Only 44 shares left, selling at $bl per 
share. Seven a.m. — Gone up to $200, 31 shares left. Terrific excitement; 
three old men troddeu to death in the crowd. Ten a.m.— Gone up to 
$1,250 per share ; 22 shares left. 1 " 



•—— The Spanish bark Manila, which recently arrived at Astoria, en 
route to Portland, draws eighteen feet of water, and is one of the largest 
sail vessels which has passed thus far up the Columbia River. It is note- 
worthy that the crew of this vessel are all Spanish. The Spanish flag is 
rarely seen in these waters. 



REAL ESTATE TRANSACTIONS. 



Friday, August 9th. 



GRANTOR TO GRANTEE. 



Albert Whipple to L McNally 

Wm Mulleny to M Jensen 

Cal Av H'd As'n to Man' Lawlor. . 
University H'd As' to S L Theller . 

Tide Land Com to A F Einchman. 



City and Co of S F to Anne V Finn 
Cal Av H'd As'n to J K Basford. . . 



Chas F Webster to Jocob Bertz . 



J W Raymond to F Livingston 

E Summer et al to Donald Beadle.. 



DESCRIPTION. 



(price 



Stevenson nw, 215 sw Bth, 20x65— s 100.. 

10 feet of Mining Claim in Arizona 

California and 18th av re cor, 28x100 . . 
Yale e, 122>6 s Henry, se 74, ne 75.7, etc; 

also, Henry 8, 167 e Yale, sw 87 etc... 
Lots 9 to 20 inc blk 33; w % blks 429, 358. 

431, 718; e % blks 781 and 763; all of 

blk 722; lots 1 to 7 inc, 24 frac lots 8, 

9, 22, 23 blk 1031 

Mission e, 80 4 22d, 30x122^ 

California n,29 e 20th av, 120x78— lots 2, 

3, 4 blk 90 

Carrie and Wilder ne cor, n 125, etc— 

snbs 1 and 6 blk 3 Fairdmoimt H'd Ex 
Tennessee w, 57?$ s Sta Clara, 122k-x50 
McAllister and Lyon sw cur, 137J$x 

137H. snbj tomortfOOO 



$3,100 
100 
830 



5,652 
prcm 



600 
10 



O IT LI MAILING DEPARTMENT 



By a special arrangement icith Welts, Fargo <fc Co., the DAILY FINANCIAL POSTSCRIPT is delivered on each westward-bound train on the Pacific 
Railroad between Omaha and Sacramento. 

By an arrangement with a Special Agent at Brindisi, Italy, complete flies of the DAILY FINANCIAL POSTSCRIPT arc delivered on board each 
oid ward-bound Steamer of tlie Peninsular and Oriental Company's lines, with passengers for Alexandria, Aden, Ceylon, Bombay .and Calcutta. Files are 
also delivered, under the same contract, at Point-de- Galle, Ceylon., on board each steamer eastward-bound, with passengers, for Singapore, Batavia, Manila, 
Bangkok, Hongkong, and other points of destination in the Indjpn Ocean and China Seas. 

All travelers bound from Europe to the Fast will be advised through tlie FINANCIAL POSTSCRIPT of t/ie attractions and advantages of returning via 
California and the Trans- Continental Railway. The FINANCIAL POSTSCRIPT has wound a band of paper round the world, which he who runs 
may read. 

The DAILY FINANCIAL POSTCRLPT is thus rendered an uneqnaled and unapproachable medium for the advertisements of Bankers, Merchants, 
Hotel Keepers and all' who either have a business with tlie Orient or may expect to do a business witli travelers from those lands. 

Flneuaoletl Postscript Foreign -A.sr©xxoy". 

The Subscription to this Journal for one year is $12, including postage to any part of the world. Terms for Advertising, 25 cents per full 

line running across the page, each insertion ; 15 cents per half line, running across one column. 

Subscriptions and Advertisements received abroad by the following Agents, toho have a complete file of the FINANCIAL POSTSCRIP2' on hand: 



London— F. Algar, 8 Clement'B Lane; J. Haddon & 
Co., 3 Bonverie street, Fleet street ; George Street, 30 
Cornhill. 

PariB— Sprent, Sprent & Phlpps, Rne de Rivoli 240. 

Brindisi— Mr. Cocoto. 

Hamburg— R. Carl. 

Bremen— G. Steinmeyer. 

Rotterdam (Holland)— H. A. Kramers. 

Amsterdam (Holland)— Mackay, Boomkamp & Co. 

New York— William H. Fogg & Co., 32 Bnrling Slip; 
A. Brentano, News Agent. 



Anjer (Straits of Sunda)— G. Schutt, Anjer Hotel. 

Aden— Cowaejee Dinshaw. 

Point-de-GaUe— Frederick Piters. 

Colombo— J. Maitland & Co. 

Singapore, Labuan and Sarawak— John Littic & Co.. 

Singapore. 
Saigon— Von Bargen & Co. 
Penan g— San dilands. Battery & Co. 
Batavia— Houghton & Co. 
Samarang— Jacobson, Van den Berg & Co. 
Sonrabaya— Houghton & Co. 



Hongkong, Oanton, Macao and Swatow— MacEwes 

& Co. 
Manila— Loyzaga & Co. 
Amoy— Brown & Co. 
Foo-Ohow— Hedge & Co. 
Shanghai— H. Fogg & Co. 
Hankow— Virgo, Matthews & Co. 
Tien-tsin — James Henderson. 
Nagasaki (Japan)— Pignatel & Co. 
Yokohama (Japan)— Lane, Crawford & Co. 
Osaka and Hiogo — K. de Piotrowski. 



COM3MEH.CIAL OOTHr-a-KTST, 

No. 310 Sansome Street) San Francisco, 
FUBS OE THE FINEST QUALITY, WHOLESALE. 



DEALERS IIST 



JLXX±U Jt/fl.UJX lilUlilVlJliJ X VUXUWXU1X J- auu. iU. 

TBAL • PACIFIC. MIlit 

TIIMIIE TABLE. 



Commencing Monday, April 29, 1872, and until Further Notice, Trains 

and Boats will leave San Francisco 

m nn A. M. Overland Express Train for Sacramento, Marysville, Red Bluff, Colfax, Reno, Ogden and Omaha. 

q f\n P. M. San Jose Passenger Train, stopping at all Way Stations. 

A HO P- -M- "Passenger Train for Stockton, Merced and Sacramento. 

P ft P. M. Overland Emigrant Train. Through Freight and Accommodation. 

17 Q A A. M. Steamer New World (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

A HO. ^ ^ *Sacramento Steamer (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

Q f\ A P. M. *Steamer Antelope (from Broadway Wharf), connecting at Donahue with Trains of S. F. and N. P. R. R. 

8nn A. M. Excursion Boat (Sundays only), from Broadway Wharf, connecting with Special Train of S. F. and N. P. 
• UU Railroad for Cloverdale and intermediate points, returning to San Francisoo by 7.00 P. M. 

Oakland Branch-Leave San Francisco 7:00, 8:10, 9:20, 10:10, 11^20 A. M., 12:10, 1:50, 3:00, 4:00, 5:15, 6:30, 8:15, 
9:20 and *11:30 P. M. (9:20, 11:20, and 3:00 to Oakland only.) Leave Brooklyn *5:30, 6:40, 
7:50, 9:00 and 11:00 A. M., 1:30, 2:40, 4:55, 6:10, 7:55 and 10:10 P. M. Leave Oakland *5:40, 6:5o' 
8:00, 9:10, 10:00 and 11.10 A. M., 12:00, 1:40, 2:50, 3:50, 5:05, 6:20, 8:05 and 10:20 P. M. 

Alameda Branch. -Leave San Francisco 7:20, 9:00, 11:15 a. m., 1:30, 4:00, 5:30 and 7:00 p. m. (7.20, 11.15 and 5.30 
to Fruit Vale only. Leave Hayward's *3.45, 7.00 and 10.45 a. ru., and 3.30 p, m. Leave Fruit 
Vale *4.40, 7.35, 9.00 and 11.20 a. m., and 1.30, 4'05 and 5.30 p. m. *Except Sundays. 

A. N. TOWNE, General Superintendent. 
T. H. GOODMAN, General Passenger and Ticket Agent. 

PACIFIC MAIL STEAMSHIP COMPANY. 

♦> m ■♦ 

Regular Mail Steamer leaves Wharf, corner of First and Brannan streets, on the first of every month, punctually at 
noon, for YOKOHAMA and HONGKONG, connecting at Yokahania with the Company's Branch Line for SHANG- 
HAI, via Hioga and Nagasaki. When the sailing date falls on Sunday the steamer will sail the preceding Saturday. 

From May to October, inclusive, an Extra Steamer will be dispatched on the 16th of every month. 

August 16th, Steamer 

COXiORASO, Cap!. Warsaw, 

August 31st, Steamer JAPAN, Capt. Freeman. 



FOR NEW YORK, via P\AJX^M^. 

INCEEASED SERVICE. 

Leave punctually at 12 o'clock noon on the 3d, 13th and 23d of each month for Panama, and connecting, via 
Panama Railroad, with one of the Company's splendid steamers from Aspinwall for New York- Beginning August 13th 
all steamers touch at San Pedro and San Diego. 

August 17th, Steamer CONSTITUTION, Capt. Cavarly, 

Calling' at San Pedro, San Diego and Aeapulco. 

Until further notice steamer of the 13th will connect for Central American Ports, viz : Chanrperico, San Jose de 
Guatemala, Acajutla, La Libertad, La Union and Pmita Arenas. Steamers of the 13th and 23d will call at Mazatlan 
and Manzanillo, and all steamers at Aeapulco. 

Through tickets sold to and from Liverpool, Queenstown, Southampton, Bremen, Brest, Havre, Hamburg, Stettin, 
Copenhagen and Norway. Apply at the Pacific Mail Steamship Company's oflice, at Wharf, cor. First and Brannan sts. 

ELDRIDGE & IRWIN, -A-sjentss. 



to 



OF THE SAN FRANCISCO NEWS LETTER. 



YIEWS ALONG THE CENTRAL PACIFIC 




LAKES IN ANDERSON VALLEY 

240 miles from San Francisco. 



WEST PORTAL TUNNEL No. 1. 

315 miles from San Frauciaco—Altltudo 4,:.t 



8 THE DAILY FINANCIAL POSTSCRIPT. Aug. 10, 

THE BANK OF CALIFORNIA. 

S-A-iDT FRANCISCO. 



Capital, - - - > " < ■ - $5,000,000 

D. 0. MILLS, President. I W. C. RALSTON, Cashier. 

AGENTS: 

In Mew York, Messrs. Lees and Waller; in Boston, Treiiioiit 

National Bank; in London, Oriental Bank Corporation. 

|3f The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
of the Pacific Coast. 

Iietton of Cbpedit loued* 

Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan and Australia. 

Exchange for Sale on all the Atlantic Cities. 

DRAW DIRECT ON 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frankfort- on -the-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AND SAN FRANCISCO BANK 

uavriarrEED. 

With which has been consolidated the business of 

PARROTT «fc OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 



Capital, - - 83,000,000. H©s©i"*7-© Fund, S300,000 

.III. 

Of which S3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

JSAJV FRANCISCO OFFICE, 4S3 CALIFORNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodewald, Esq., Chairman; H. L. Bischoffsheim, Esq. (Messrs. Bischott'sheim & Goldschmidt) ; J. F. Flemmieh, Esq. (Messrs. F. Huth 

&Co.); E. H. Green, Esq. (Messrs. Russell and SturgiB, of Manila); Julias May, Esq. (of San Francisco), Frankfort-ou-the-Main ; 

J. S. Morgan, Esq. (Messrs. J. S. Morgan & Co.); Baron H. de Stern (Messrs. Stern Brothers); Rudolph 

Sulzbach, Esq. (Messrs. Sulzbach Brothers), Franktort-on-the-Main. 

Manager in London : - - - R. D. PEEBLES, Esq. 




as fcasoisoOc MX£T01f Sc £»&' 



Assistant Manager (San Francisco), CAMILO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, ........... ALFRED BANNISTER. 



The Bank is prepared to transact all kinds of General Banking and Exchange Business, in London and San Francisco, and between said Cities and all parts of the 
world. The San Francisco Office; s authorized to draw Bills of Exchange or issue Letters of Credit upon either of the under-named Founders and Proprietors of the 
Bank, or (at the option of the buyer) npoo the following Houses, with whom the Bank has established credits, viz : LONDON— The London Joint Slock Bank, No. 5 
Princess Street ; Messrs. Bischoffsheim, Goldschmidt & Co.; Messrs. Fruhlin^- & Goschen ; Messrs. Frederick Huth & Co.; Messrs. J. S. Morgan Sc Co. (successors to 
Messrs. George Peabody & Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Drexel, Morgan & Co., 63 Exchange Pkce. BOSTON— Third National Bank. 
PHILADELPHIA— Messrs. Drexel & Co. PAEIS— Drexel £ Co.; Bischoffsheim. Goldschmidt St Co.; Messrs. A. J. Stern & Co. FSANKFORT-ON-TIIE-MAIN-Mr. 
Gehrader Sulzbach ; A. J. Stem & Co. GERMANY— Bank of Saxe Meinin°-en. AMSTERDAM— Banque de Credit and Depot des Pays Bsb. ANTWERP— Nnttehohn 
Brothers ; F. R. Bischoffsheim. HAMBURG— John Berenberg, Gossler & Co. BERLIN— Deutsche Bank Actien Gesellscbaft. GENOA— Dapples & Co. NAPLES 
and FLORENCE— Anglo-Italian Bank. VALPARAISO and LIMA— Fred. Huth, Grnning & Co. MANILA— Russell & Stnrgis. CHINA and JAPAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NSW ZEALAND— Union Bank of Austnlia; Bank of New South Wales. IRELAND— Provincial Bank of IrelaDd, 



, County 
ick. 

SPECIAL ATTENTION PAID TO SELLING OALIFOENrA SEOUEITIES IN EUEOPE. 

Collections, Purchases of Real Estate and Mining Shares, and Investments of all hinds in California. 

MILTON S. LATHAM, President. 

tin gACigic qraAygpoiMPAgiON ©®® 

B1EIV. HOLLADAY, President, 

San; S-Baneisco, 

WM. NOEEIS, Vice-President, San Francisco; HOLLADAY & BEENHAM, General Agents, San Franckco. 
Dispatch Steamers to tlie tollo'vring' places. 

SEostliesii gout e ? 
Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

gout kern: Route i 

Santa Cruz, Monterey, San Simeon, San Luis Obisjw, Santa Barbara, Los Angeles, Anaheim, San Diego, Etc. 

31exic aa* Jloute, g tea me? every l?esiy Bay e 8 

Cape St. Lucas, Mazatlan, San. Bias, Gnaymag, and La Paz. 

OFFICE ; 217 Sansome Street, San Francisco. 

The Premium Shirt Maker, Mrs, EVELINE MORRIS, 526 Kearny Street 




Price, tingle oopr. 3 ornti ; per Week, 
23 cent* ; per Annum, Including Foetago 
Id any part of the world, Twelve Dol- 
lars. Printed and Published by Frederick 
Marriott, No. 033 Montgomery Street, 
San Fruacteco, California. 



Delivered immediately on the arrival of 
the mail* In New York. Liverpool, London, 
Paris, Hamburg, Frankfort, Berlin, Suez, 
Alexandria, Yokohama, Shanghai, Hong- 
kong, Melbourne, Auckland, Sydney and 
Islands of tho Pacific Ocean. 




[Established July 20, 1856.1 

latest gftt'isi from (Out § iauiand |Hincsi in |leiv }\U\'m and Jteotta. 

Dispatched Daily by the Mails to every Monetary and Commercial Center throughout the World. 



Vol. 1. 



SAN fEANOISJO, MONDAY, AUG. 12, 1872, 



No. 19. 



OFFICE OF FIXAXCIAL POSTSCRIPT. 

San Francisco, 12 M., Aug. 12, 1872. 



BULLION , MONEY AND EXC HANCE. 

a OLD BARS, 860 to 70. Silver Bars. 1 1-4 Discount Treasury Notes 
are selling at 67 to 87 1-2. Mexican Dollars, from 8 to 8 1-2 pre- 
mium. 

EXCHANGE ON NEW YOBK, 1-2 per cent. prem. lor Gold; Currency, 
14 1-4 per cent On London : Bankers, 49 to 49 1-8; Commercial, 49 
3-4 ; Paris: 5f. per dollar. Telegrams, 1. 

PBICE OF MONET HEBE, 1 to 1 1-4 per cent, per month— Bank rate. 
In the open market, 1 to 1 1-2 per cent, per month. The demand is 
active. 



SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



SHARKS. 

Ophir I" 

Savage 160 

Ohollar 100 

Hale JtNorcioss.-. 370 

Crown Point 160 

Do 10 

Yellow Jacket 135 



148 



140 



Do 



20 D30 147 
14 



low. niun. 
42 

155 
85 
88 
145 
.... blO 144 
142X M5 
147* 
14« 
, 14 
17 



Imperial 305 

Do 20 .... n 

Empire 125 1674 

Con. G.H.Qi 270 7% 

Alpha 20 .... 

Kentock 5 

Belcher 180 120 

Confidence 375 

Do 305 o30 18'; 

Cons. Virginia 490 36 

Sierra Nevada 115 

Do 50 

Exchequer 250 

Do 20 

Do 30 



63 

030 300 

124 

13 

13 a 

30 
16 
16 

21 a 

23 
22 



16% 
.. bSO 
21 

.. t>30 
.. D3 



SHARKS. LOW. 
84 

14K 



Overman 150 

Justice 125 

Do 115 .... 03 

Buckeye 100 

Caledonia 270 69 

Do 40b30 71 

Do 20 .... b: 

Knickerbocker 680 9 

Do 50 .... bl 

Arizona and Utah. -255 — 

Globe 100 .... 

Baltimore 260 4* 

Bacon 35 .... b 

Bait. American... 100 — 

Silver Hill 120 

Eclipse 370 W4 

Trench 265 21 

Bock Island 50 

New York Con 100 

Phil Sheridan 125 

UnionCou 100 — 

■Woodville 450 



HIGH. 

85 

15 

) 15* 

3^8 

70 

72 

1 70 

9)4 
) 9H 

1H 

2 

4* 
) 80 

3X 

7 

mi 

22 
50c 
1S< 

76c 
2JJ 
4K 



At the California Stock Exchange Board. 



SHARKS. LOW. 



American Flat 200 

Baltimore 210 

Caledonia 30 

Cr, Point Ravine... 50 

Ohollar 40 

Condor 50 

Do 10 

Hale & NorcTOSS. . . 10 
Imperial 370 



4H 

67* 



MX 



IK 

iX 
69 

2X 
87 

2% 

3 

82 
14 H 



SHARKS. LOW. 



Knickerbocker 10 

Meadow Valley — 50 

Ophir 45 

Do 10 

Do 10 

Do 30 

Raymond & Ely... 10 



41 % 

... MO 
... b5 
.... S3 



9 

16 

4-2 

43 

42 

42 

147* 
155 



— In 1865 the loans outstanding by San Francisco Savings Banks 
amouutcd to $7,005,062 and at the same date the assessment roll of the 
real estate in the city and county showed a total valuation of $47,292,903. 
the savings loans then constituted 14 per cent, of the assessed value of 
real estate. In July, 1871, the amount of savings loans had advanced to 
S32,310,571 while the assessment roll reached $75,145,777. The savings 
loans then equaled 42 1-2 per cent, of the .total assessed value of real 
estate. 



LATEST TELEGRAPHIC NEWS. 



tiOXBOX, -iUG. IS. 

United States 5-20 Bonds, 92. I Liverpool Wheat Market, 12s. 4d. 



XEW YORK, AUG. 13. 



Gold opened at 115f„ ; 11 a. si. at 115*. 

Sterling Exchange, 108Ti@109 a .. 

Flour, — . 

Pacific Mail, 73!,-. 

Wells, Fargo & Co.. 89tf. 

Oil, Sperm, quiet, Jl.as®tl.40; Win- 
ter BleacliMl, $1 liiK3:-$1.68 ; Wlmle, 
firm, 70c@— ; Winter Bleached, 
70@75. 

Hides, drv, SS.Vfflfiltfc; ea!t«l.l2@12V. 



United States Bonds — Five-twenties of 

1862, 11G.!<; 1S67, 11574. 
Wheat, — 
Barley. — 

Quicksilver Mining Company, 41%. 
Cotton, quiet, 91&C. 
Wool, Sprine, floe, 38@4.ic; Bnrry, 30® 

35c.; Tulled , 5O@80c ; Fall Clips, 82® 

37c. Burry, 20®25c. 



SATURDAY AFTERNOON SALES 

At the California Stock Exchange Board. 



SHARES. LOW. 



American Flag — 25 
Do .... 50 

Baltimore 150 

Caledonia 815 

Do 10 

Do 20 

Cons. Virginia 50 

Eureka Cons- 20 

Hnhn&Hnnt 600 



20? 4 ' 



21 



&% 4X 
65M 71 
.... c G5 s o 
S3 60 k 70 
24 

W 



SHARES. LOW. 



3* 



Do 
Do 



.410 

.200 1)30 3?S 



Louise 20 

New York Cons-... 100 
Do ....100 

Ophir 20 

Do 5 

Page &Panaca — 50 

Pea Vine 200 

Fhonix B0 

Raymond & Ely ... 10 



c Z\i | Yellow Jacket.... 
8Jtf 



HIGH. 
2Jfi 
1 1-20 
c 1 
X 42 
b5 42X 
bSO 3 
X 1 15 
b30 5# 
147?$ 
b3 147X 



tATJIS'i' 1»KICES OF I3I1-ORT AND EXPORT STAPLE. 



METALS. 

Pig Iron, Scotch, No. 1... 
Bar Iron, assorted, %* lb.. 
Metal Sheathing, # ft.... 
Tin Plates, I C, v box... 
Tin Plates, I X,# box... 

Lead, Pig, 9 ft 

Lead, Sheet, V ft. 

BancaTin, *> ft 

Quicksilver 

COAL. 

West Hartley, *» ton 

Australian 

Cumberland 

Anthracite 

Bellingliam Bay 

Mount Diablo 

COFFEE. 

Rfo, V ft 

Java, Old Government.. 

Manila 

Costarica 

RICE. 

China, No. l, * ft 

China, No. 2 

Hawaiian 

WINKS. 

Champagne, ¥ doz 

Port, according to brand, 

¥* gallon 

Sherry, do. do 

OIL. 

Coal and Kerosene 



PRICKS. 

$50 U) © i;u 00 

— !i © — (i 

— $0 @ — 3o 
15 50 @ lfi 0:) 
IS 00 @ 13 50 

— 6 ®— KM 

— o @ — in 

— 4 :> © — 50 

— 8JK© - &» 

15 50 @ 10 00 

12 50 © 13 00 

:il 00 @ 3-1 i>0 

22 00 ©SO 01) 

y oj @ 10 oo 

50 @ B 20 

— 19 © — 20 

— -a @ — 83 

— lit @ — Mtf 

— 17 @ — U'M 

— ©7 - '>X 

— 0^@~ fiX 

— 9 @ - 10 



1 .5 © 
• 34 ©- 



TEAS. 

Japans 

Oolong 

SUGARS. 

China, No. 1,¥ ft 

Sandwich Uland 

Manila 

Crushed, American 

Muscovado 

Peruvian 

CANDLES. 

SpurmWax.^t ft 

Adamantine 

SPIRITUOUS LIQUORS. 

Whlskr, American 

Whisk v, Scotch 

Whisky, Irian 

Alcohol, American 

Rum. Jamaica 

Brandy, French 

BAGS AND BAGGING. 

Chicken Gunnic9,200-tt.. 

Gunny Bags in bales 

Burlap Bags 

Hessian, 40-inch, i? yard. 

DOMESTIC STAPLES. 

Wool, V ft 

Tallow 

Hides 

Wheat, V 100 fts 

Barley 

Oats 

Flour, V 1% fts 



PRICES. 
$_ 40 @ — 90 

— 50 © — 90 

— 10 @ — II J* 

— 8 ®- J1X 

— IX®- 8 

— 13 (§.— 14 

— 6 @— 9 



- 27X@ - 

— 15 @- 



13 



1 25 © 4 00 
5 00 © 5 50 
5 00 © 5 50 

2 00 <a 2 05 
4 50 © 5 25 
4 00 © 10 00 

— 19 ©—20 

— 19 - © — 20 

— 15}«@ 

— 12K© — 13 

— 22X© - 37* 

— 8 @ 

— IS © — 19 
1 5.1 © 1 GO 
1 10 @ 1 15 
1 f-5 © 2 CO 
4 SS @ 5 75 



Monetary Facts. 

All European accounts agree that tlie grain crop of Europe, especially 
in Russia and Hungary, will be very deficient this year, and that all 
America can spare will lind a ready market ou the other side of the At- 
lantic. It is aunounced that over half of the Erie consolidated mort- 
gage, or about three and a half million dollars has been taken in London 
at "the rate of about par in currency here. -The French loan is quoted 
at 3 1-2 premium. 

gy For interesting reading matter, see pages 2 and 3 of this issue. 



Subscribers in Advance to Financial Postscript can have their Copies Mailed Free from the Office 



THE DAILY FINANCIAL POSTSCRIPT 



Aug. 12. 



THE DIAMOND-NO. 1. 

The recent discovery of diamonds on this coast, and the consequent excitement 
with reference thereto, renders any information with regard to these gems of par- 
ticular interest just at this time. With this view we propose to give several 
articles which will embrace all attainable information with regard to the circum- 
stances nnder which they are found, the mode of searching for them, the way in 
which they are placed upon the market, the manner in which they are cut, how 
they are valued, etc. 

HOW THE DIAMOND IS CUT. 

Passing over, for the present, the mechanical appliances by which the work is 
done, we will state that diamonds are cut in four different shapes: the brilliant, 
the rose, the table and the brilliolette. The two latter have pretty much entirely 
gone out of fashion, and need not he described here. The rose is flat on the nnder 
surface, and cut into Innumerable facets on the upper. This form is also rarely 
seen in this country. The form most commonly employed here is the brilliolette or 
brilliant. Ninety-nine out of every hundred diamonds sold in the United States 
have that shape. 

The form of these gems may be fully understood by referring to Figs. 1, 2 and 3, 
which are accurate to Bize and form of the famous " Koh-i-noor," now belonging to 
the British Government. Fig, 1 represents the front or top view ; Fig. 2 the back 
or bottom view, and Fig. 3 a 
aide view, showing the thick- 
ness or depth of the jewel. 

The proper shape of a "bril- 
liant should he nearly that of 
the small figures here shown, 
illustrating the various sizes 
of diamonds, from 1 carat to 
18 in size; the corners should 
be a little more rounded than 
shown, but not so much as 
the Koh-i-noor. If Figs. 1 
and 2 of that gem are care- 
fully examined it will be seen 
that the outline is not regu- 
lar; itpresentsneitheraper- 
fect circle nor oval, nor are 
the corners uniformly round- 
ed off as shown in the smaller 
engravings of the various 
carats. This irregularity is 
What Is referred to by experts 
when they speak of that fa- 
mous gem having been spoil- 
ed in cutting. 

Fixed laws govern the 
proportions of the brUiiant. 
Thus a diamond of 1 carat 
ehbnld have its diameter, as 
shown, of about U of an 
inch, with a depth of rather 
over M inch, shown by the 
straight line underneath. 
The facet ; in the center of the 
top should also have its dnc 
proportion to the fnl] diame- 
ter of the gem, as also should 
the center facet on the bot- 
tom, which is reduced in the 
single carat to almost a point. 
These bottom facets are re- 
presented by the small dots 
found under each of the 
graded siies,as shown from 1 to 18. These relative proportions may be more fully 
and distinctly studied by referring to Fig. 3 where the top facet, the greatest diame- 
ter (or "girdle," as it is technically known,) and the bottom facet are distinctly 
shown. 

If the diamond will not admit ot bringing out the perfect proportions, any varia- 
tion therefrom detracts from the value of the gem. Jewelers often try to conceal 
the thickness of the gem by the setting. Any such attempt is a cheat. 

BQW THE DIAMOND IS VALUED. 

The value of fee diamond depends almost entirely on the circumstances connected 
wife its appearance,. Buch as beauty, uniformity, the play, lustre, vivacity of colors, 
etc.; also on fee perfection of fee cut, polish, etc A- perfectly rlmpid diamond is 
worth about twice as much as one which is even very Blightly tinted ; whilst those 
which approach to opaqueness have no value for brilliants, and are used only in the 
mechanical arts. Their transparency and cleameSB are divided into three degrees, 
as follows : Of fee first water— those which are free from the slightest- fault ; the 
second water— which, though clear and limpid, are manred by dark-spots or clouds; 
of the third water— those which have a slight tint of any color, or which, though 
limpid, have material faults. 

In order to detcrmne readily the character of a diamond, it is well to breathe on 
it, whereby they lose for a moment their lustre, when the eye can more readily dis- 
tinguish tbeir faults. The genuine diamond also becomes clear much sooner than 

The gems are sold by weight, as carat and grains: one carat is equal to four 
grains, and fortyrfour carats are equal to one ounce. The name carat iB from 
Kuam t the coral free (eiythrima), the red pods of which, when dry, were formerly 
used for weighing gold dust. Each oi theae pods weighs four grains, which is, 
therefore, equal to one carat, or, as if was formerly spelt, karat t to conform more 
nearly to the Bpelling of fee plant. 

A brilliant, properly cut, of ope carat weighf , Is wprjb (n Paris from $60 to $70. 
In the United States it would be worth from $100 to |126, Extraordinarily pure 
and brilliant ones arc sometimes Bold for $150. 

Diamonds belovy one carat in weight are worth at the rate of about $00 in this 




city ; that is, a half carat diamond is worth $30 ; a quarter carat, $15, etc. When 
they are so small as to require eight or ten to make a carat, the ratio of price in- 
creases, by reason of the extra cost of cutting the number of gems required to 
make the carat. 

The price per earat advances in rapid ratio as the diamond increases in size. & 
brilliant of the first water which weighs one carat is worth, Bay $125 ; one weigh- 
ing two carats is worth $500 ; one weighing three carats is worth $1,125. The 
calculation of the value is made by first multiplying fee weight into itself, and the 
sum obtained multiplied again by the price of the carat, as follows : For fee two- 
carat gem, 2 multiplied by 2 multiplied by 125 equals $500 ; the three-carat gem, 3- 
multiplied by 8 multiplied by 125 equals $1,125, and so on, indefinitely. 

This calculation, however, does not always hold good after the brilliants exceed 
ten carats. Fancy, scarcity, demand and other circumstances come in at this 
point which usually unsettle any fixed rate of calculation. 

Rough diamonds, unfit for cutting, and such as are used by glass-cutters, etc., 
are worth from $10 to $15 per carat ; smaller ones, such as used by lithographers 
for etching, etc., are worth still less per carat. Black diamonds, used for drilling, 
as in the diamond drill, used for mining and quarrying purposes, are worth about 
$16 per carat. ThUB every diamond, of whatever character or however large or 
small, has its value and commands a ready sale. 
The sizes of the diamonds, from 1 to 13 carats in weight, are very accurately 

given in the accompanying 
illustration. 

The diamond is sometimes 
of such a form that it can 
only be cut into what is call- 
ed "spread diamonds or flat 
stones," so as to display a> 
large surface, which are sold 
much cheaper per carat than 
those of the regular cut. 





FIG. L— THE KOH-I-N00R-FR0NT VIEW 




FIG. 2.— THE K0H-MI00R-BACK VIEW. 




10 Carats. 



11 Carats. 



13 Carat*. 



13 Carats, 







FIG. 3.— THE KOH4-N00R— SIDE VIEW. 



Horsewomanship. 

Bayard Taylor, describing 
an ascent of Mount Pleas- 
ant in 1860, writes : *' Here 
my lady friend, appalled by 
the road and the perils of 
the side-saddle, was about to 
give up the journey, bnty 
having convinced her of the 
greater security of the mas- 
culine seat,, we ehanged sad- 
dles, and all went well. I 
would advise all ladies who 
are at all nervous, to take a 
man's saddle and ride as 
Catharine of Russia did." 
That is as good a bit of prac- 
tical advice as Bayard Tay- 
lor ever penned, and he does 
not seem to have had any 
objectionable Yiews-o'-Foot 
in consequence of it, cither. 
Thomas ForreBter, in his 
rravelsinSicily.saye: "The 
girls were in such glee, with 
Filippi pressing fee mules to 
a gallop, that, though we en- 
joyed the fun, we really fear- 
ed they would be thrown off. 
Our fears were groundless ; 
riding astride, as is the fash- 
ion of the country, but with 
all propriety, they had a firm 
seat, and laughed at our apprehensions." Another traveler feus writes of a Tartar 
cavalcade: " Mounted astride— the only way ladies ride in the Bast, or should ride 
anywhere — on a graceful Tartar Iron-gray, with a pretty foot peeping from her 
drapery, she was a fair type of the Mingrelian." 

Diamond Discoveries. 

In spite of the report of Mining Engineer Janin and the testimony of some of 
the most reliable men on thiB coast, and in defiance of the gems on exhibition, the 
newspapers effect to believe feat the diamond discoveries are unsubstantial. 
Most of our newspapers think they must preach moderation to the people, and dis- 
courage adventurous young mai from going to fee neighboring Territories in 
search of mines of gold and silver and fields of precious gems. These same 
platitudes were indulged in by Eastern journals when gold was discovered in 
California. The new El Dorado was laughed at and underrated, the hazards of the 
journey were exaggerated and fee dangers painted in glowing colors. Still, from 
all parte of the world adventurous spirits came to fee new El Dorado, just as now, 
from California and fee Eastern States, men with their fortunes to make, will rush 
to the aew El Dorado. The proof of riches in Arizona diamond fields is frilly as 
complete as was the proof of gold in California. The journals take delight in 
speaking of these discoveries as another humbug to excite the people. Let us 
review the minim? excitements, and see how many of them have been unsub- 
Btantialt Tbe gold discoveries of California have certainly turned out to be real 
and genuine. Tbe gold discoveries of Australia have proved valuable and exten- 
sive. The excitement for Gold Bmff took place nearly twenty years ago, and the 
gold sands of the ocean beach are being wodted still and profitably. The Kern 
river excitement resulted in the finding of profitable gold quartz ledges that are 
now being worked. Frazer river is still a land of gold washing, ana many for- 
tunes have been made there. Washoe Bilver discoveries have contributed hun- 
dreds of millions ot value to tbe world. "White Pine, Fahrauagat, Pioche and 
Salt Lake— all these have settled down into substantial silver-producing regions. 
The fact is, this whole continent, west of the Rocky Mountains, is rich in minerals 
and precious stones, and as for ourselves, we have no room to doubt, nor do we 
doubt, the existence of gravel bedB rich in splendid jewels somevvhere down in 
Arizona, and our advice to young and enterprising men is to go for them and not 
wait till the country is overrun with men from the East und Europe. If you do 
not find diamonds, rubies, amethysts, opals, and other precious stones, you will 
find adventure, rich valleys, and all sorts of opportunities for money-making. We 
believe Arizona is one of the richest mining regions or the continent, and that as 
soon as the Apaches are driven out there will be developed splendid gold and silver 
mines.— S. F. News Letter, Avg. 10, 



Auo. 12 



OF THE SAN FRANCISCO NEWS LETTER. 



OUR MAILING DEPARTMENT. 






By a special arrangement with Wells, Fa ryo <T t\h, the DAILY t IS AS ' IA I. POSTSGMtPff U deiinred on each uustward-bound train on the Itoi/te 
Railroad brtmen Omaha and .Sa.rumento. 

By an irmn^vni with a Special Agent at Nrindisi, Holy, wnplete JUes of the DAILY FINANCIAL POSTSCRIPT are ddirertd on board each 
ou/wHinf bound Steamer of the Irninstdar and Oriental Company** lines, with passmgers for Alexandria, Aden, Ceylon, Bombay and Calcutta. Files are 
aim delivered, umler the tame contract* at Point-A-OaUe, Ceylon, on board each tteamer eustteard-bound, with jtastengcrs, for Singapore, Batavia, Manila, 
B an gkok, Hongkong, and other points of destination in the Indian Ocean and China Sans. 

AU trareter* bound J*»m Europe to the AW* toiH be adtnWd through the FINANCIAL POSTSCIUPT of the attraction* and advantage* of returning via 
Vafyornia and the Trans- CotUinejdal Railway. The FINANCIAL Pt)STSCRIPT ha* wound a band of paper round the world, which he who run* 
may read. 

The DAH. Y FIXAS'CIAL I*»STCRIPT u thug rendered an unequaUd and unapproachable medium for the advertisement* of Bankers, Merchants, 
Hotel Keepers and all who either have a business with the Orient or may expect to do a business with travelers from those lands. 

F1 r\ anolal Postscript Foi'oign Agency. 

The Subscription to this Journal for one year is $12, including postage to any part of the world. Terms for Advertising, 25 cents per full 
line running across the page, each insertion ; 15 cents per half line, running across one column. 

Subscription* nnd Advertisements rcctitvrd abi-oad by the following Agents, who have a complete Jile of the FINANCIAL POSTSCRIPT on hand : 

Anjcr (Strait? of Sundftl— G. Schutt, Anjer Hotel. Hongkong, Canton, Macao and Swatow— MacEirea 

Aden— Cowasjee Dhwhuw. & Co. 

Point-dc-GaUe— Frederick Piters. 

Oolombo-J. Maitland & Co. 

Singapore, Labuan and Sarawak— John Littic & Co_, 

Singapore. 
Saigon— Yon Barren & Co. 
Penang— SaiKlilmids, Buttery A Co. 
Batavia- Houghton & Co. 
Samaiang— Jacobson, Van den Berg & Co. 
Sonrabaya— Houghton & Co. 



London— F. Algor, 8 Clemen fa Lane; J. Iladdon Jfc 
Co., 3 Bouveric street, Fleet street; George Street, SO 
Cornhill. 

Paris— sprent, Sprent <fr Phipps, Rue dc Rivoli MO. 

Brindisi— Mr. Cocoto. 
-R. Carl. 
-G. Stein meycr. 

Botterdam (Holland)— H. A. Kramers. 

Amsterdam (Holland)— Mackay, Boomkamp & Co. 

New York-William H. Fogg & Co., 32 Burling Slip; 
A. Brentano, News Agent. 



Manila— Loyeaga & Co. 
Amoy— Brown & Co. 
Foo-Qhow— Hedge & Co. 
Shanghai— H. Fogg & Co. 
Hankow— Virgo, Matthews & Co. 
Tian-tsin— JameB Henderson. 
Nagasaki (Japan)— Pignatel & Co. 
Yokohama (Japan)— Lane, Crawford & Co. 
Osaka and Hiogo — K. de Piotrowski. 



FIRST NATIONAL GOLD BANK OF BAN FBANCISCO, CAI. 

Piiit up Capital, SI..%l»t>,OO0, <iold. Prmlilent. «ien. F .Hooper : Vivo- 
President, Samuel Hort :Casb.ter, X. K. Masten. Dirbctors — Geo. F. Hooper, 
Peter Donahue, Charles G. Hooker, M. P. Jones, James MotHtt, James C. Flood, 
Edward Martin, D. Callaghau, Samuel Hort. New York Aoknts— Jay Cooke & Co. 
London Agents— Jay Cooke, McCuItoch A Co. Exchange for sale on the principal 
citit'ttof ttic United States, Great Britain and Ireland. Commercial Credits issned 
available in-Europe, China and Japan. This Bank Is prepared to transact a general 
banking business. Deposits In Gold, Silver and Currency received subject to check 
or on special deposit. Collections attended to and prompt returns made at the low- 
est market rate of Exchange . May 4. 

THE BANK OF CALIFORNIA, SAN FBANCISCO. 

Capital. H5.000.0oo. 1>. O. iIEIIIm. President; W.C.RalktoD, Cnaltler. 
AGENTS— In yew York, Messrs. Leks & Waller; In Boston, Tbkmont Na- 
tional Ba.sk ; in London, Oriental Bank Corporation. Letters of Credit Issued, 
available for the purchase of Merchandise throughout the United States, Europe, 
India, China, Japan and Australia. Exchange for sale on the Atlantic Cities. Draw 
direct on London, Dublin, Paris, St. Petersburgh, Amsterdam, Hamburg, Bremen. 
Vienna. Lelpslc, Sydney, Melbourne, Yokohama, Shanghai, Hongkong, Frankfort- 
oa-thc-Maln. March 38. 

FRENCH MUTUAL PROVIDENT SAVINGS AND LOAN SOCIETY. 

Tu'i-iit > -iiftli Semi- Animal Dividend A Dividend of .Vine per cent, 
per annum net (y per cent.) upon the operations of the French Savings and 
Loan society tor the Pix months ending June 38tn,t9B. has, in conformity with the 
report of the Committee of Veri&catiou appointed by the members of the Socictv, 
been declared by the Board of Administration, at the Semi- Annual Meeting held on 
the ; th instant. This dividend will be payable on and after the l-th instant, at the 
otfl.ee of the Society, ill Bush street. GUSTAVE MAHE, 

July 20. Director of French Savings Bank . 

DIVIDEND 1TOTICE. 

The (Jerman Savings and Loan Society The Board or Directors of 
the Society have declared the dividend for the six months ending June r,Oth, 
13.2, at the rate of (9 S-'i per cent) nine and three-fifths per cent, per annum on Term 
Deposits, and (S per cent.) eight per cent, per annum on Ordinary Deposits, free of 
Federal tax, payable on and after Monday, the l-th Jul v. Bv order. 
Julyfi. G EORGE LETTE, Secretary. 

SECURITY SAVINGS BANK.— GUABANTEE CAPITAL, $300,000. 

O Ulcers: tfresident, John I'arroU; Vice-President, Heiiry S. Bab. 
cock: Secretary, T. F. Bacon; Attorney. Sidney V. Smith. Loans made on 
Real Estate and other Approved Securities. Office : No. 304 Sansome street (Frled- 
lande r's Buildin g), oppos ite the Ba nk of California, San Francisco. Oct. 14. 

SAVINGS AND LOAN SOCIETY, 

/* 1 A Clay Street. San Fram-lnco. July 9th. 1H72 Al n in-line oi tJie 

v) JL • ' Board of Directors, held this day, a Dividend of Nine per cent, per annum, 
for the six months ending June SUtb, ISS2, was declared on all deposits, free of Fed- 
eral Tax, and payable on and after MONDAY, July 15th, 1873. 
Jnly 3D. CYRUS W. CABMAN Y, Cashier. 

MASONIC SAVINGS AND LOAN BANK. 

Guarantee*! *':.|>ilr 1. £150,000, <>(liee. .\o. « Post street, naronfe 
Temple, San Francisco, California. LEONIDAS E. PRATT, - 
Geo. R obins. Secretary . £ A pril 1 6.] President. 

THE LONDON AND SAN FRANCISCO BANE (Limited). 

ell I>ran*t ok Yokohama, Hongkoiuf, Shanghai and Slanili, at 

1 sight or on time. In sums to suit. Ju ly 4.' 

FBENCH SAVINGS AND LOAN SOCIETY. 

J 1 1 Buah street, above Kearny. *G. Blnhe, Director. I<onn« made 
4:XJL on real estate and other collateral securities at current rates of interest. 

J. SELIGMAN - & CO., 

Banker*, Ha. 412 California aireet— ~ Exchange and Telegraphic 
Transfers for sale, payable in Gold or Currency, in sums to suit, on all principal 
cities of the United States. Also, Bills ol Exchange on the principal cities of 
Europe. Dec. 24. 



S 



c 



THE MERCHANTS' EXCHANGE BANK OF SAN FBANCISCO. 
npitnl Stock, One nil lion Dollar*. I*evi Stevens, President; It. 

N. Van Brunt, Cashier. Banking House, 415 Calhornla street. July 2. 



D. P. Vkrdenal.] POULTEBER & VERDENAL, IT. J. Poultebek. 
tock Brokers, San Francisco Stock and JSxchnnsre Board, »23 t'nii- 

' fornia street. ^ May 11. 



S' 



MORRIS SFEYEB & CO., 

Importers and Commission IWercfaants. Mo. la Merck. Exchange. 
Hamburg-Bremen Fire Insurance Company. Office, 13 Merchanta'Exchauge.Fol- 
cies issued against loss or damage by fire on brick and frame buildings, stores and 
dwellings, furniture and merchandise, warehouse and contents. Premiums as low as 
in any other responsible company. t&~ Ail losses paid In IT. S. Gold Coin. 
Jan 29. MORRIS SPEYER & CO., General Agents. 



T 



HOME MDTDAL LNSTTBANCE COMPANY OF CALIFORNIA. 

No. 433 California si.. Merchants Exchange Build inc. Fire anil Ma- 
rine Insnrance Company. Capital, *I50,t)00. Offickkb:— John H. Uedlngton, 
President; George H. Howard, Vice President; Charles R. Story, Secretary; N. B. 
Eddy, Marine Secretary. H.H. BiGELOW, General Manager. Directors.— Sau 
Francisco — Geo. H. Howard, F. D. Atherton, H. F. Teschemacher^A. B.Grogan. John 
H. Redington, A. W. Bowman.C. S. Hobbs, B. M. Hartshorne, D. Conrad, wm. H. 
Moor, Geo. S.Johnson, H. N. Tllden, W M. Greenwood, S. L. Jones_, Geo. S. Mann, 
Cyrus Wilson, W. H. Foster, Jr., Jos. Galloway, W. T. -Garratt, C. waterhoufle, A. 
P. Hotaling. Oregon Branch— P. Wassennan, B. Goldsmith, L. F. Grover, D. Ma- 
cleay.C. H. Lewis, Lloyd Brooke, J. A. Crawford, D. M. French, J. Lowenberg, 
Hamilton Boyd, Manager, W. L. Ladd, Treasurer. MarysvIUe— D. E. Knight. San 
Diego— A. H. Wilcox. Sacramento Branch— Charles Crocker, A. Redington, Mark 
Hopkins, Jas. Carolan, J. F. Houghton, D. W. Earl, Isaac Lohman, Julins Wetzlar, 
Julius Wetzlar, Manager, I. Lohman, Secretary. Stockton Branch -H.H. Hewlett, 
Geo. S. Evans, J. D.Peters, N. M. Orr, W. F. McKee, A. W. Simpson, A. T. Hudson, 
H. M. Fanning, H. H.Hewlett, Manager, N. M. Orr.Secretary. San Jose Branch— T. 
Ellard Beans, Josiuk Belden, A. Pflster, J.B.Carter, Jackson Lewis, N. Hayes.Noah 
Palmer, B. D. Murphy, J. J. Denny, Manager, A. E. Moody, Secretary. GraBB valley 
— William Watt, Robert Watt. Nevada--T. W.Sigonrney. Feb. 17. 

FLEE AND MARINE INSURANCE-UNION INS. CO. OF S. F. 

The California Uoydj^-ENtaMlshed In 18G1.~»;oa. 416 and 418 Call- 
lornia street.. Cash capital, $"50,000 In Gold. Assets exceed 91,000,600 Coin. Fair 
Rates ! Prompt Settlement ofLosseB 1 ! Solid Security ! ! Dibkctoes— J. Mora Moss , 
JamosOtie, William E. Barron.J.G. Kittle, Daniel Mayer, M- J- O'Connor, WTw. 
Montague, Moses Heller, Adam Grant, N.J.Dana, Wm. Scholle, CharleB Kohler, 
JoBepn Seller, W. C. Ralston, 1. Lawrence Pool, A. Weill, Joseph Brandensteio, 
Benjamin Brewster, Jabez Howes, Milton S. Latham, Nicholas Luning, JonnParrott 
L. Sachs, M. D. Sweeney, Morton Cheesman, James Phehm,Gu8.Touchard, Nicholas 
Larco.N.G. Kittle, George C. Htckox, George C.Johnson, L. A. Booth* T. E. Idn- 
denherger, L. Cunningham, Peter Decker, Marysvillc. 

UUSTAVE TOUCHARD, President. 
Ciiahlbs P. Havkn, Secretary. Gho. T. Bqhek, Surveyor. "May 7. 

REMOVAL AND CHANGE OF AGENCY, 

he pnbllc arc invited to take notice that <lic.i:ttiH InnurniifoCom- 
_ pany of Hartford, have removed from the corner of California and Leidesdorfl 
streets, to the opposite side of California street. No. 14 Merchants' Exchange Build- 
ing. Also, that they have recently appointed the undersigned their General Agent 
Tor this Coast. AU business of the Company will be attended to at their new loca- 
tion, by the newly appointed General Agent. The old ^Etna has casjb assets of 
*5',05'J,880, and an experience of Fifty Years in the fire insurance business, 

GEO. C. BOARDMAN, General Agent. 
Wm. Macdonald, Agent . Nov. 31, 

NEW ENGLAND MUTUAL LIFE INSURANCE CO., OF BOSTON. 

Has transacted the bnsinews of B.ifc Insurance tor over a quarter 
of a century. Its assets amount to over Nine Million Dollars. The law of 
Massachusetts makes all its Policies nonforfeitable. It Is a Purely Mutual Company, 
dividing every cent of Burplus among Policy-holders. This is the Oklt" Company 
on the Pacific Coast governed by the Massachusetts Lapse Law. 

WALLACE eVep.SON. General Agent. 
April 23, ] N. E. cor. California and Sansome sts., opposite Bank of California . 

FIRE AND MARINE INSURANCE. 

The Fireman's Fnud Insurance Company, of Nan Francisco, Cal- 
ifornia. Organized April 25, 1863. Capital, $500,000, fully paid in gold coin. 
Fire, Marine, Harbor and Inland Transit Risks, on terms sb' favorable as any other 
reliable first-class company. Greatest amount taken on one risk, $50,000. Portions 
of risks considered too large will be re-insured In responsible companies. Losses 
promptly paid in United States gold coin. D. J. Staples, President; G.T.Lawton, 
Vice-Presi dent: Charles R. Bond, Secretary . 

NORTHERN ASSURANCE COMPANY, OF LONDON AND ABERDEEN. 

Subscribed Capital, KtO.OOO.OQO; Accumulated Fund, S.V77O,000 ; An* 
nual Fire Premium, $1,065,000. Losses Promptly Paid in U. S. Gold Coin. 

W. L. BOOKER, Agent, 
[Jan. 18.] No. 31^ California street, San iranclBCO. 

J3?~ The Policies of this Company are not only guaranteed by the Capital but by 
the unlimited personal responsibility o f fully seven hundred Shareholders. 

COMMERCIAL INSURANCE COMPANY OF CALIFORNIA. 

Office In Stan Francisco, No. M5 California street — Fire, Marine and 
Inland Navigation Risks. Capital: $200,000. DniKCTORs : W W Dodge, Clans 
Spreckles, Michael bkellyjti P Jones, Selden S Wright, W B Cummings, C F Mac- 
Dermot, James M Barney, F S Wenslnger, C W Kellogg, A W Gee, Peter Dean, John 
H Wise, Chas S Beerlng, Levi Stevens, James Gamble, E T GUe, Charles Main, Don- 
ald McLennan, W B Hooper, G L Bradley. Sacramento : H C Kirk, H S Crocker, D 
W Weltv.N D Thayer, J H Sullivan, F S Freeman. C. W. KELLOGG, President. 
H. G. HoBNBg, Secretary. ._. July 21. 

IMPERIAL FIRE INSURANCE COMPANY OF LONDON. 

Established in l sort—Capital. 88,000,000— I^osses paid here lu cash. 
Immediately on adjustment, in United States Gold Coin. 

FALKNER, BELL & CO., Agents for California, 
FebS. No. 430 California street. 



DEALERS I1V 



COMMER.CIAL OOl^EF»AJ?0Tr, 

No. 310 Sansome Street. San Francisco* 
JrTTJjRS CHF THE FITSTEST QUALITy, WHOLESALE. 



THE DAILY FINANCIAL POSTSCRIPT 



Aug. 12, 



OFFICE OF FINANCIAL FOSTSCMIFT, 

San Francisco, 12 M., Aug. 12, 1872. 



American and English Taxation, 

A tabular statement of the anuual State, County, City and Town taxation 
id the United States in 1870, which reaches the Aggregate of $281,180,312 
(this sum being exclusive of national taxation), is published in an English 
financial journal, the London Economist, as a consolation to Englishmen 
who complain of their local taxation, and as a proof that the American 
people are much more heavfly burdened than their British cousins. The 
income of all the local authorities of the United Kingdom is said to be 
less tban 5200,000,000, and about oncrtbird or one-fourth of this sum is 
derived from other sources than taxation ; so that America has reached 
such an advanced state of civilization that her uational government costs 
about as much as that of Great Britain, and her local governmeut nearly 
twice as much ! What one of the revolutionary heroes who rebelled 
against stamp duties and the tax on tea would have believed that the 
Bimple republican government they established would thus have become 
more expensive than the burdensome government of war-worn and king- 
ridden Great Britain, and that the centennial would see their descendants 
struggling under the heaviest load of taxation that was ever imposed 
upon a free people ? 

How a Tax was Repealed* 

Congress seems unwittingly to havcabolished thelnternal Revenue Tax 
on bankers' and brokers' sales. A direct effort made to repeal section 99 
of the Act of June 30, 1864, which levied this tax, was defeated in the last 
Congress, being voted down by the political majority. Section 170 of the 
same act, however, contained a list of stamp taxes, called "schedule B.'' 
Now in 1866, a clever elerk in the department, for convenience of refer- 
ence, got an amendment passed which transferred the entire levy of sec- 
tion 99 to "schedule B." The act of June 6, 1872, repeals the taxes 
named in " schedule B," except the two cent tax on bank cheeks, drafts 
ororders. If it had simply described the repealed list as the "'schedule 
B of section 170 of the act approved June 30, 1864," this would not have 
touched the tax on sales of bankers and brokers; but it added, "and the 
several acts amendatory thereof," and this includes the transferred sec- 
tion 99. The credit of making this discovery is due the Washington cor- 
respondent of the New York Commercial Bulletin. 



———During the month of July the number of through passengers that 
passed East over the Central Pacific was 1,835, and the number passed 
West, 2,932. The arrivals by ocean routes during the same time num- 
bered 3,317, the largest number, with one exception, in two years. The 
departures by sea during the month numbered 6110. The arrivals by both 
routes aggregate 5,249, and the departures 2,584, the difference of which 
(2,655) is the gain in population during the period. The arrivals from 
China and Japan exceed the departures by 2,011. The arrivals and de- 
partures by steamships and rail for the first seven months ofthcj'ear 
show the following general aggregate: 
Seven Months. Arrived. Departed. Gain. 

3870 34,232 19,718 14,505 

1871 34,977 17,175 7,802 

1872 29,289 16,333 12,950 

— — There seems to be a disposition to increase the Gold Note circula- 
tion. Some corporations are holders of considerable sums uf United 
States Government stocks as investments, and to obtain notes on them to 
circulate would be so much clear gain. For instance, some of the 
Savings Banks may hold $1,000,000 United States bonds; if $800,000 of 
gold notes could be obtained on them and paid out there would be so 
much clear gain to the circulation. The question arises, however, as to 
whether a Gold Note Bank, under the law, could operate as a Savings 
Bank, or whether a Savings Bank, with a State charter, could, under the 
provisions of the State Constitution, circulate notes as naouey, even with 
the National authority. 

H Assessments have been levied as follows: The Original Hidden 
Treasure Mining Company, SI 50 per share, aggregating $32,000, delin- 
quent on the 16th of September. By the Adams Hill Consolidated Min- 
ing Company, twenty-five cents per sha^, amountiug to $12,500, delin- 
quent September 12th. By the Greenhorn Gold Mining Company, SI 50 
share, delinquent September 11th. 



— — A meeting of the creditors of John Sime & Co., bankers, was held 
ou the 10th inst., and a proposition submitted that an immediate dividend 
of 75 cents on the dollar should bo received in full of claims, A commit- 
tee on behalf of creditors, consisting of Paul Neumano, W. H. Pierson 

and Taylor, was appointed to report on the proposition on the 15th 

instant. 

■ On Saturday a long queue of check-holders extended from the 
paying teller's counter of the Bank of California,^ receiving an aggregate 
of some $800,000 corporation dividends declared in the Belcher, Pioche and 
Raymond & Ely Mining Companies and the Spring Valley Water Com- 
pany. 

- The Treasure Hill Silver Mining Company has been incorporated, 
to operate in Wallapai District, Mojave county, Arizona. Capital stock, 
$2,000,000, divided into 20,000 shares at $100 each. Trustees— George 
Scott, F. R. Lewis, W. S. Schofleld, Marks Zellerbach and William H. 
Sears. 



DIAMOND N E WS, 

Tiffany & Co.'s Estimate of the New Diamonds. 

The New York Tribune of the 3d instant, has the following; "The 
publication of the dispatches from San Francisco announcing the incor- 
poration of the San Francisco and New York Mining Company, with a 
capital of $10,000,000, to develop the new diamond-fields near the head- 
waters of the Rio Colorado Chiquito, has attracted considerable atten- 
tion, especially as capitalists in this city have faith in the new undertak- 
ing. The controllers of the mine still rerase to give any details of its ex- 
act location or its productions, but affirm that it is the riehest diamond 
mine that has ever been discovered. Small boxes full of gravel, which 
fairly glistens with precious stones, have been brought to this city. 
Upon inquiring at the establishmeut of Messrs. Tiffany & Co., in reference 
to the gems which have been cut in this city, a Tribune reporter was re- 
ferred to the chief of the diamond department, who answered ail ques- 
tions except such as, iu his opinion, involved the secrets of the Company. 
A large number of diamonds from the recently discovered fields— how 
many he declined to state — and a few rubies had been received by TittUnv 
& Co., for the purpose of having their value tested. A lew of these had 
been cut. No stone of a greater value than $400 or $500 had been cut by 
them, but some which would probably be worth not less than $5,0tK) 
each had been cut sufficiently to show their quality. The diamonds were 
pronounced by him fully equal to those^froin the South American, and far 
superior to those from the South African fields. No stones from Arizona 
have been placed upon the market, the cutting having beeu done solely 
with a view to estimate the quality and value of the gems. The rubies- 
examined by Mr. Cooke were not so good in quality as others in the mar- 
ket. Even if diamonds prove to be as abundant in the new fields as the 
reports indicate, the effect upon the market value of the brilliant stone 
will scarcely be appreciable. Before passing into the hands of the dealer 
the diamond must be cut, and the number of persons capable of perform- 
ing this delicate operation is small. In Amsterdam, where the business 
is more largely carried on than in any other part of the world, the dia- 
mond cutters have recently raised their price, and entered into a compact 
not to receive apprentices or give instructions toothers, not even to their 
own sons, for three years. Diamond cutting is also done in London and 
by two houses iu this country. Messrs. Tiffany & Co. and a Boston 
house employ about a dozen men in this work. The diamond cutter 
have been overwhelmed with work for a loug time, and the largest in- 
crease in the supply of the rongh stones will not cause, therefore, a much 
greater number of diamonds to be thrown upon the market. 

The San Oiego Exploring Party.— A party of diamond hunter* 
have fitted out from San Diego and will start for Arizona in a few days. 
They propose going to the locality of the Buro mines. Old Arizonianft 
think diamonds can be found in that neighborhood. 

The Salt Lake Exploring- Party.— The Savage expedition, to» 
search for diamonds, rubies, etc., iu Eastern Arizona, left Salt Lake, 
Utah, yesterday. The stock is all taken by merchants and business men. 



OUR JVM N E S . 

Belcher.— The Belcher reports car samples, 1,000 foot level, $76. The 
connection between the shaft and level was to have been made on Satur- 
day aud it is supposed that an impulse will be given to operations of the 
mine. It will be no longer be compelled to send its ore through the 
Crown Point to the Jacket shaft. 



Crown Point — The whole milling capacity ol the Crown Point^-50© 
tons per day — is now again employed on the ore from the 1,000 foot level, 
which averaged $05 net when the water stopped the work. 

Imperial, — Superintendent wrote under date of the 7th : "Entire face 
of our south drift is to-day in fine ore, of which the average assays about 
$S0. No change iu the other drifts." 

'The ore in 



Pioche.— The dispatch to the Pioche (10th inst.) states : 
the first level is three feet live inches ; assay, $190." 



— The uBual semi-monthly mercantile collections iu this city will be 
made to-morrow. 



OUR R A I L S . 

Overland Passengers Due this Evening. 

E J DenfelS, H Edwards and wife, R McKee, Mrs S M Hazleton, E P Wuitmore, 
W Young, W J Jonee, I Newman and wife, San Francisco;. H it Miller, Salt Lake*, 
P F Scott, Carlin; Samuel Thayer, Bitter Creek; A W Brown, T J Rncker, L D 
Bailey, Miss W L Browu T Missouri: Mrs A Ferguson Bruntford, Canada; Miss M J 
Ross, Portland, Oregon ; R H Brown, Miae WH Brokaw, Trenton, N J; W L 
Moore, Snmmerfield, 111; J Hough, Elko, Nevada; Mrs Captain Storer, Portsmouth, 
NH; \V F Colwel! and wife, Bentville, Ark; Miss Lottie E Bell. Buffalo, N Y ; P 
Fraisse, Paris, France; Robert Pan>rcou, Virginia; C Holendalc, Sterling, 111; H 
McDonald, Shelbnrn, Nevada; EJ Travie, Mrs E Caldwell, L J H ogle. Palisade; 
Mrs Brannan, Helena, Montana; B J Boody, St Louis; M Owens, Philadelphia ; L 
L C Gladdy, Deep River, Couu; W Randolph, E Mills, Sacramento; H L Lence, 
E Hamlet, Georgetown, Cal; A Haveler, St Loais, Mo. 

The Virginia and Truckeo Railroad. — The rails for completing 
the track of the Virginia and Truekee Railroad through to Carson are 
being forwarded and hud as fast as possible. The track has already been 
laid past theBower's Mansion, and rails are being hauled by teams to 
Uarson, in order to lay the track at that eod also. The open cuts and 
tunnel of the railroad extension at Virginia, under E street, are being 
vigorously pushed. Less tban 100 feet remains to be tunnelled to com- 
plete the conuection. 



REAL ESTATE TRANSACTIONS. 

Saturday, August 10th. 



GRANTOR TO GRANTEE. 



M and 30th st Ex H'd to E M Gunn 

Lewis Sober to R Stone 

Junction H'd to Scott Sutton 

Mise'n and 30th st H'd to C Sutton 

Jos E Midt-iro to F Braga 

Jno F Mitchell to Corn Meagher . . . 
Nicholas Luning to M S Latham.. . 

Same to Same 



Elizizabetb Paul to Emily Gilmore, 
Bay View H'd to L CMarsliutz.. . . 
H Steele and wf toM S Latham... 



DESCRIPTION. 



Hamilton av w, 150 s Berkshire, 100x200. 

Dupont w, 110 n Gre.nwich, 21S*xlO0...] 

28th n, 101.1 e Douglass, 50.11x114 

Laidley ae 138 sw Roanoke, 25x100 

Lot 1533, Gift Map 3 

Baker w, 50 b Sutter, 25x100 

California n,137# e Montgomery, n57.&, 
e 14#i s 16.6?$, e 12K, 840.112*, w 24.10 

California n, 137J6 e Montgomery, n 57.4 H 
e 12S$, s 16.6^, e 2>£, s 40.10, w 24.10— 
por water lot 107 

Lots 12, 13. blfc 5, Garden Tract H'd. . . . 

26th av and J s cor, 150x100 

Leidesdorff w, 67 & n Cala, n 40 x w 55^ 



$2,800 
2,750 
350 
405 
50 
800 



60,000 

780 

1,000 

30,000 



— — The Eastport Coos Bay Coal Mining Company have declared a 
monthly dividend of 1 per cent., payable to-day. 



At,. K OF THE SAN FRANCISCO NEWS LETTER. 



San Francisco and Colorado Railway Company. 

OFFICE OF THE SAN FRANCISCO AND COLORADO RAILWAY COMPANY, I 

No. 306 Sansomc Street, San Francisco, August 10th, 1872. 

To thb Prime :— On the 19th nit. thin Corporation filed Its articles of association, which was organized for the purpose of constructing > railroad 
from Mtaton Bay In the harbor of San Francisco, to the Colorado River, at or near the thirty-imh and thirty-second parallels of latitude, over the 
most feasible route, running through tho counties of San Francisco, San Mateo, Santa Clara, Monterey, San Luis Obispo, Santa Barbara, Los Angelce 
aud San Bernardino. 

everything being done Id conformity with the Statute made and provided for this purpose— the money ready necessary preliminary to an organiza- 
tion, viz: ten per cent, on one thousand dollars per mile in gold coin, deposited to tho credit of the Treasurer of tho Company, in the Bank of Cali- 
fornia. The great objects in view iu constructing the road were : 

RM The furnishing of • great trunk line railroad below the snow line from the Atlantic to the Pacific Oceans, tho Pacific end of which should 
forever belong to the people of the City and County of San Francisco and other counties through which it proposes to run, and be built by their citi- 
zens and their money, and, therefore, In sympathy and wholly identified with them and their social and commercial interests. 

Second— While it proposes no warfare with any existing railroad interest, it docs propose inaugurating a system closely allied with the commercial 
and industrial wants of our people, eiMrely independent of any railway interest, free of any alliance, present or prospective, with such an interest on this 
Coast or .Slate ; and to enter into entirely satisfactory guarantees with the City and County of San Francisco that its railway shall be held and operated in «niir« 
conformity with such a system. 

Third— It proposes to stretch out its arms to meet the on-coming railroads at or near thirty-fifth or thirty-second parallels, and thus hasten tho 
completion of one or both of the Atlautic and Pacific and tho Texas Pacific Railroads in from two to three years, and by whatever time we do antici- 
pate their completion, place San Francisco that much earlier in communication with Arizona, New Mexico and the great Valley of the Mississippi ; 
and in doing this, we propose to extend the band of friendship to those roads aiming at those points, to offer to them just and equitable arrangements 
for exchange of business, and in the construction of such a loug and expensive portion of the line, a moral and financial benefit that it would be diffi- 
cult to overestimate. 

To do this we need the cordial support of the citizens of San Francisco, and the counties through which our roadrnns ; and we need and must have 
the subsidy aid which the City and County of San Francisco is empowered to give to the extent of $10,000,000, and aid from other counties, which 
have the power iu relative sums. We are aware that a great variety of views are entertained as to the best mode of securing the construction of the 
contemplated road ; and we realize that in a matter of such vital interest to this city and State, the most intelligent and honest people may differ as 
to the wisest plan, and hence we do not deem it proper for us to charge those who differ with us with being dishoneBt, or being actuated by unworthy 
motives. We think we have canvassed all reasonable modes of accomplishing this great work before us. Whatever may have been our views aB to 
the wisdom or desirability of having the City and County of San Francisco aud other counties becoming directly interested in the stock of the Com- 
pany, or collaterally benefited by the creation of a trust for their benefit, we found ourselves confronted with the statute of the State, which prescribes 
the ouly way in which aid could be extended to this or any other Railroad Company, viz: By direct donation of the bonds of the counties. The follow- 
ing correspondence will place this branch of the subject in a clear and, we think, an unmistakable light : 

OFFICE OF THE SAN FRANCISCO AND COLORADO RAILWAY COMPANY, I 

San Francisco, July 30th, 1872. ) 

S. M. Wilson, Esq., Attorney-at-Law, Present — Dear Sir: Our company desires your opinion upon the following points, viz.: First — Has the 
City and Conuty of San Francisco authoity to grant a subsidy to aid in the construction of a railroad, and if so, to what extent ? Second — Has Baid 
City and County the legal powers to subscribe to the stock of a Railroad Company, and if so, the extent and manner of doing it? TJiird — If the City 
and County aforesaid cannot subscribe to the stock of a Railroad Company, but can grant a subsidy, is there any legal device by which, in her own 
behalf or by others as Trustees, or otherwise, for her, she can be legally secured an interest in the stock or evidence of obligation of a Railroad Com- 
pany, in consideration of 6uch subsidy ? An early answer will oblige your obedient servant, J. Mora Moss, President. 

SAN FRANCISCO, August 9th, 1872. 

J. Mora Moss, Esq., President San. Francisco and Colorado Hiver Railway Company — Dear Sin Your letter of the 30th ultimo was duly received. The 
questions propounded by you require considerable examination, and their importance demanded the time consumed before making a reply. In view 
of your request for an early answer, the conclusions arrived at are now given, rather than extended opinion. First, the authority to aid in the con- 
struction of railroads is given to the City and Conuty of San Francisco by an Act of the Legislature entitled "An Act to empower the Board of 
Supervisors of vhe several counties of the State to aid in the construction of a railroad in their respective counties," approved April 4th, 1870, and a 
Supplemental Act approved on the same day. These provide that the several counties, including the City and County of San Francisco, shall be 
authorized to aid in the construction of railroads, by the issue of bonds, after the expression of a favorable opinion by the people at an election in the 
manner prescribed. The validity of these Acts is settled by the decision of the Supreme Court of this State in the case of the Stockton and Visalia 
Railroad Company, vs. The Common Council of the City of Stockton, April term, 1871, and beingvalid, it follows that aid may be granted in the man- 
ner and to the extent therein provided. The amount of the bonds is limited to five per cent, of the value of the taxable property, according to its 
valuation on the assessment roll last proceeding the issue of the bonds ; and if there is any out-standing indebtedness incurred by granting other aid 
to railroads, the amount of this indebtedness is to be deducted from the amount of the bonds. 

Second — The City and County of San Francisco has no power to subscribe to the stock of a railroad company. The Acts above referred to contain 
the only provisions now in force authorizing San Francisco to aid in the construction of railroads. The aid contemplated is a donation or subsidy, 
and not a subscription to a stock of a railroad company. Such a subscription is not within the letter or meaning of the law. The power given is 
simply to issue bonds, and it was not intended that any liability should be created except for the payment of the bonds. The power to become a 
stockholder involves very different considerations and consequences. It could not be exercised without subjecting the City and County to the same 
duties and liabilities imposed by law upon other stockholders, and the power can only exist by express grant from the Legislature. 

Third— Having come to the conclusion that the City and County cannot directly become a subscriber to the stock of a railroad company under any 
existing statute, and that in granting aid the corporation is limited to a donation or subsidy under the Acts of the Legislature referred to above, 1 
know of no legal device by which the City and County can indirectly secure an interest in the stock ; for the law will not allow by indirection what 
cannot be done directly. Nor can the City and County contract for any dividends or other compensation from a railroad company as a consideration 
for the subsidy, as that would be to destroy its character as a donation. Any legal scheme to evade the plain meaning of the law, would in my judg- 
ment prove a mere delusion and snare. 

However, the electors of the city have one great power on this subject, which can always be exercised beneficially. The law provides that " the 
route for which aid is proposed to be granted, 6hall be definitely described " in the notice for the election at which the people express their will on 
the subject. This gives them the power to designate the termini of the route, and in effect to make the donations that cannot be evaded. 

Respectfully, your obedient servant, S. M. Wilson. 

Intelligent engineering parties will soon be organized and in the Held exploring for the best and most direct route to the thirty-fifth and also the 
thirty-second parallels of latitude at the Colorado River. 

It being our purpose to bring this enterprise within the reach of every citizen who desiresjto sustain an independent railroad, free of any other in the 
State or any combination therewith, and oar organization being perfected, as before stated, and subscriptions having been already made to it to the 
amount of $4,630,000, we now invite the public to call at the office of the company and subscribe to the stock in such sums as may be desired by eoch 
individual. 

It iB due to the citizens of San Francisco and the State that the enterprise should be fairly and intelligently placed before them. We mean business, 
and have no purposes except what we have herein stated. By order of the Board of Directors. 

J. Mora Moss John Parrott, Peter Donahue, 

H. M. Newhall, W. C. Ralston, Wm. T. Coleman, 

Geo.H. Howard, R. B. Woodward, John O. Earl, 

Josiah Belden, Michael Reese, Albert Gansl, 

H. D. Bacon. 



THE DAILY FINANCIAL POSTSCRIPT Aug. 12. 



TIIMIIE TABLE. 



Commencing Monday, April 29, 1872, and until Further Notice, Trains 

and Boats will leave San Francisco 

nnn A, M. Overland Express Train for Sacramento, Marysville, Red Bluff, Colfax, Reno, Ogden and Omaha. 

Q flfl P- ^- San Jose Passenger Train, stopping at all Way Stations. 

A flfl ^ ^ - 'Passenger Train for Stockton, Merced and Sacramento. 

n nnp, M. Overland Emigrant Train. Through Freight and Accommodation. 

r) Q(\ A. M. Steamer New World (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

A C\(\ P - ^ - "Sacramento Steamer (from Broadway Wharf), connecting at Vallejo with Trains of Cal. Pacific Railroad 

Q fin P. M. "Steamer Antelope (from Broadway Wharf), connecting at Donahue with Trains of S. F. and N. P. R. R. 

8f\(\ A. M. Excursion Boat (Sundays only), from Broadway Wharf, connecting with Special Train of S. F. and N. P. 
•UU ' Railroad for Cloverdale and intermediate points, returning to San Francisco by 7.00 P. M. 

Oakland Branch— Leave San Francisco 7:00, 8:10, 9:20, 10:10, 11:20 A. M., 12:10, 1:50, 3:00, 4:00, 5:15, 6:30, 8:15, 
9:20 and *11:30 P. M. (9:20, 11:20, and 3:00 to Oakland only.) Leave Brooklyn *5:30, 6:40, 
7:50, 9.-00 and 11:00 A. M., 1:30, 2:40, 4:55, 6:10, 7:55 and 10:10 P. M. Leave akland *5:40, 6:50 
8:00, 9:10, 10:00 and 11.10 A. M., 12:00, 1:40, 2:50, 3:50, 5:05, 6:20, 8:05 and 10:20 P. M. 

Alameda Branch-Leave San Francisco 7:20, 9:00, 11:15 a. m., 1:30, 4:00, 5:30 and 7:00 p. m. (7.20, 11.15 and 5.30 
to Fruit Vale only. Leave Hayward's *3.45, 7.00 and 10.45 a. m., and 3.30 p. m. Leave Fruit 
Vale *4.40, 7.35, 9.00 and 11.20 a. m., and 1.30, 4'05 and 5.30 p. m. "Except Sundays. 

A. N. TOWNE, General Superintendent. 
T. H. GOODMAN, General Passenger and Ticket Agent. 

PACIFIC MAIL STEAMSHIP COMPANY. 

♦■ * ■♦ 

W&bm&b of Iirteita!©SssiP©p «Iai»a mm&> Cilia 



Regular Mail Steamer leaves Wharf, corner of First and Brannan streets, on the first of every month, punctually at 
noon, for YOKOHAMA and HONGKONG, connecting at Yokahama with the Company's Branch Line for SHANG- 
HAI, via Hioga and Nagasaki. When the sailing date falls on Sunday the steamer will sail the preceding Saturday. 

From May to October, inclusive, an Extra Steamer will be dispatched on the 16th of every month. 

August 16th, Steamer 

COLORADO, Capt. Warsaw. 

August 31st, Steamer JAPAN, Capt. Freeman. 



FOR NEW YORK, via I^lTV^M^. 

INCREASED SERVICE. 

Leave punctually at 12 o'clock noon on the 7th, 17th and 27th of each month for Panama, and connecting, via 
Panama Railroad, with one of the Company's splendid steamers from Aspinwall for New York- Beginning August 17th 
all steamers touch at San Pedro and San Diego. 

August 17th, Steamer CONSTITUTION, Capt. Cavarly, 

Calling at San Pedro, San Diego and Acapnlco. 

Until further notice steamer of the 17th will connect for Central American Ports, viz : Champerico, San Jose de 
Guatemala, Acajutla, La Libertad, La Union and Punta Arenas. Steamers of the 17th and 27th will call at Mazatlan 
and Manzanillo, and all steamers at Acapulco. 

Through tickets sold to and from Liverpool, Queenstown, Southampton, Bremen, Brest, Havre, Hamburg, Stettin, 
Copenhagen and Norway. Apply at the Pacific Mail Steamship Company's office, at Wharf, cor. First and Brannan sts. 

ELDBIDGE &, IKWIN, Agents. 



Auo. lli 



OF THK SAN FRANCISCO NEWS LETTER. 



URAND HORTICULTURAL AND FLORAL FAIR 

or tii» 

iioKiKuiMtii. MKUtl or au 

To !■«■ held ni Ihc >•** m -I Havi Hurt I I'nt |li«in. rorrrr of Murk- 
loo and Po»t itro«U, oppo u .r.-, whh-h h«- hc«o rebuilt nnd re- 
1 la the itylool Hi.- Ruropcftu Winter Garden*, ml lh rlln mi.' Pari*, giving lo 
ihopuMlcofl nittornia.tii the heart ofthc< clt) •■• Sun Frauclsco.luc KlNiM h.ux 
la Ihr Unlwd Sut>-(. 

Oprui Thur»«lH.T. luiuU «M, to t'oiillnur T»rnijM.n» llu».. 
The n.i ire determlnad io mitkc tiiu tin- greatest and moit at- 

tract li ■• exhibition c»*-r held on this C»a»l, and will InlTOdoct ■ great main novel and 
ptraalnff fvaiurt*. Over » ■<•»•» In u»l. I'mnluum will be »wrtnl*d. In order to 
make tnc ili«pl»)' of * »i|ft>rni»'« Horticultural Production! wurih\ of Iht world* 
wide reputatl. SCHH • tarj d»v during ih« KxhlMlh'U. Schmidt A 

PelilottV writ-known nod pnrulnr Ornnd orelirslrii. reniprlctng tin 1* st m 
Of San Kraiit-irtco. has been riigsgrd to dlsconrM the OOII Mlect tUQtlo every after- 
noon and evening during the- time of the Fair, the programme of* which will be pub* 
lltlied si ery day. 

PBXQB8 OF ADMISSION: 

Season Ticket*, admitting one gentleman and one lady 93 00 

Sc»«on Tl*-kel», admitting on-j person BOO 

Season Ticket*, admitting one Juvenile tinder l* yearn of age ■ 50 

[The above Ticket* are not Transferable] 

Single AdmlMlon SO 

Children under 14 years of age S3 

Children mu-i be In charge of guardians or parents. 
Ticket* can be obtained from any of the Managers, at the Pavilion, or at any of 
the principal Book, Music or Drug Stores In the city. No bills will be paid unlet** 
ordered by the Treasurer. 

M uuoBtt. Hun. D. N. Bolander, C. Steven*. F. A. Miller, C. Schuman, K. L. 
Relmer. w tu. Meyer, F. Welsenborn, r. Ludennan. 
Aug. U.) ROBBBT -L BETGB, Treasurer. 

THE KIMBALL CAB AND CARRIAGE MANUFACTURING COMPANY. 

Corner Fourth and Bryant streets, San Frnncfsco. have ou hand 
of their own manufacture, and consigned to them from tint best Eastern 
makers, fv»r sale, vehicles of all kinds, ctvles and sizes, consisting of Barouches, 
Clarences, Coupes, Hacks. Phaetons, Charabancs, End, side or Wood C Spring, Open 
Bugglea.Top Buggies, Express Wagons, Delivery Wagons, Vegetable Wagons, Car* 

fieta. Rugs, Whips. Lumps. Robes, Lap and Horse Blankets. Particular attention 
• called to our celebrated Wood C Spring Buggies, Carriages, Carryall 11 , and Rock- 
sways, which are rapidly superceding toe Old-fashioned makes and BlyieB. both on 
account of their remarkable lightness, durability, and the new and' highly orna- 
mental style of body mournings. Having but little metal In their construction, ex- 
cepting in the tires, they have only the weight with all the strength, of the toughest 
ash and hickory woods, and run without the usual creak and clatter of Iron and steel 
built buggies. The ease with which they carry Is unequaled. The company have for 
sale new and second hand stage coaches, stage wagons, farm wagons, headed wag- 
ons, freight wagons, army wagons, ambulances, horse carts, hand carts, and also 
street railroad cars. Haviug the largest and most complete manufacturing estab- 
lishment of Its kind in the United States, with large supplies of the beBt seasoned 
material on hand, we are prepared to build to order on short notice, and la all cases 
guarantee the material and workmanship. Parties desiring to purchase are invited 
to call and Inspect our stock before buving elsewhere. The Kearny and Fourth street 
cars going sooth will land visitors at the door of manufactory. Warning is hereby 
given that all Infringements upon the patents of this company, viz: for the Wood 
C Spring and the Steel Centered Axle, and the Steel Center Plate, will meet with 
prompt and energetic prosecution to the fullest extent of the law. Nov. 20. 

CITY INDEX AND PURCHASER'S GUIDE. 

On stud nfier April 8„1*V72. wMlbe pnhliMhed the Kan Fr»ncikf« Sfewa 
Letter CITY INDEX AND PURCHASER'S GUIDE. This will be the handsom- 
est and most useful work or the bind ever published In this city. It will contain a 
full and complete list of City, County, State and Government Otflclalfi. and other Im- 
portant Information of alike character. As Insurance Department, specifying 
the companies entirely reliable for the Safest and Speediest Recovery of Losses by 
Fire, Marine Disaster* aud Lapse of Life, will be a special feature. The Purchaser's 
Guide.— A most valuable and unique department ot the work will contain the names 
of the principal Capitalists. Merchants, Professional Men, Businesswomen, Manu- 
facturers, Storekeepers and Traders In every branch, with their places of business. 
In this particular Department the reader can see, at a glance, where to Find the Best 
and Cheapest Articles required for Domestic Pee and Household Purposes, such as 
Groceries, Clothing, Boots and Shoes, Millinery Goods, Furniture, Hard ware. Crock- 
ery, etc. If yon want a Lore of a Bonnet, achoIceLegof Mutton, a first-class Law* 
yer, an eminent Physician, Agricultural Implements, Mining Machinery, or anything 
else among onr ten thousand daily wants, you can find where to get them by easy 
reference to the PURCHASER'S GUIDE. This Matchless Business Pocket-Rook will 
be only-ij-jby 4 inches, containing 2; pages. It will be picturesquely covered, and 
ll>.00v Copies 'issued every month. Pri ce." 10 cents per copy ; $i.O per Thousand. 

BUTTEB CUP SILVXB MIKING COMPANY, ETOEXA, HEVADA. 

It la proposed (oupmi ize n company, ni'der the laws ot the .State of 
California, npon this property, provided a sufficient capi'-al Is subscribed. The 
property consists of 25 mines, of SO.iKju feet, In Eureka DlBtrlct— all old locations. 
The Company have already erected good furnaces, and own valuable town property 
and water rights In the town of Eureka, Nevada. They also own a large quantity of 
timber land, snfflcient to supply the Company for several years with wood and coal. 
They have been successfully smelting bullion lor over two years, and have already 
produced and forwarded to Messrs. Balback & Son, of Newark, N. J., and Selby, of 
sanFranclsco, over 500 tons of bullion, averaging $.'<& per ton in gold and silver. 
It Is proposed to raise the sum ot ?50,l,00, to be used ns a working capltnl— the sub- 
scribers then to elect a Board of Trustees. Having located, purchased and hud the 
management of this property for three years, I can safely recommend it to parties 
desiring to subscribe to a safe and profitable Investment. Full description rd.the 

Broperty, report of Prof. Clayton, maps and full particulars, mav be had on appllca- 
on to G. COLLIER ROBBlNS. at tbeoffice of Capt. John Mullaii, 501 Jackfon Mrect. 
northwest corner of Montgomery. t Jtine la.] G. C OLL IER RO BBINS. 

THE MOST WONDERFUL REMEDY EVER DISCOVERED. 

equation and Advice to In valid.*.. — :?j uiiiius imitation* ofUr.J. Col- 
l lis Browne's Chlorodyne. The original and only genuine, which Is the best, 
safest and most effectual remedy for Coughs, Colas, Bronchitis, Consumption, 
Astttma, Dysentery, Diarrhea, Colic, Cramp, Rheumatism, Neuralgia. Dr. J. Collis 
Browne's Chlorodyne. The Right Hon. Earl Russell communicated to the College 
of Physicians and J. T. Davenport that be had received information to the effect that 
the only remedy of any service in cholera was Chlorodyne.— See Lancet, Dec. Si, 1669. 
Extract from the General Board of Health, London- — "So strongly arc we convinced 
ot the immense value of this remedy, that we cannot too forcibly urge the necessity 
of .adopting it In all cases." Dr. J. Collis Browne's Chlorodyne is publicly acknowl- 
edged oy the most eminent physicians of Xondon to be the most effectual remedy 
ever discovered. S3P~ To prevent fraud, the Government have authorized a Btamp, 
with the words Dr. J. Coins Browne's Chlorodyne engraved thereon, without which 
none can be genuine. Sold in bottles at 65 cents *1 40, and %'i 15, by all chemists. 
Sole manufacturer, J. T. DAVENPORT, 83 Great Russell Btreet, Bloomebury, Lon- 
don. Agents in New Tobk.— J. ASPIN'WALL, William street -F. C. WELLS & CO., 
115 Franklin street. July 11^ 

ASPHAITTJM WATER-PIPE— A NEW THING IN CALIFORNIA. 

Tbe Asphaltum K"ressure INpe fempniiy, l:nvfue i>ir relinked the 
exclusive right to manufacture Asphaltum Pressure Pipe under the French 
Patent, are prepared to receive orders for any size and any quantity of this 
pipe. The Company will contract with water companies to lay their pipe, guar- 
anteeing It to stand any required pressure up to i.tO pound6 to the Inch. Price. 
10 cents per inch per running foot, being one-half the cost of Iron. Samples oi 
the pipe, under pressure, can be Been at the Company's office, in basement of 
Hay ward's building, Liedesdorff' alley, near California street. 
if. B.--This pipe is manufactured In twelve-feet lengths. Feb. 13. 

B. C. Nbwhopp. C. D. Dunn. M. D. Cakr. 

NEW ESTABLISHMENT. 

Mer-cau tile I*rinl jne House. WJE. corn ei'Kxrranifii to givfl S-Wdt-irtn-f-ir 
streets. CARR, DU"ffK & NEWHOFF, Practical Book and .Tob Printers, de- 
sire to inform their friends and the public that they are now prepared to do every 
description of printing in the very best style of the art. Our presses and types are 
all new, and of the very latest styles. Give us a call. The third floor of the build- 
ing in which our office is in will be rented for composition rooms, to good tenants, on 
very reasonable terms. Apply to [May 11.] CARR. DUNN & NEWHOFF. 

CAUTION— BETTS'S PATENT CAPSULES. 

To prevent inf rirstmei-tN. netiee i» hvi-eby sivei. tla.i Ei*-<iV s » un- 
ison ever Capsule he makes for the principal merchants in England and France, 
thus enabling vendor, purchaser and consumer not only to identify the genuineness 
of .the capsule, butlitewlse tbe contents ot the vessel to which it Is applied. The 
Lord Chancellor, in his judgment, said that the capsules are not used merely for the 

fmrpOBt of the ornament, blit- that they ane serviceable in protecting the wine from 
njury, and Insuri ng its genuineness. " HiaruFiACTOBiES : 1. Willbp Road, Citt- 
.Koa-s, Lokbok, Ajra BoKDBAtJX, Fbjjtce. JunaS. 



LOS ANGELIS, BY THE NEW ALL AAIL AND STAGE LINE. 
1 ii l.i— Time <M-lit*iltil«--.. Itnt. iri.M.-. klv * In Mouther" , *"« , Ht« -Hull. 

tJ road,lr«M„g Han pranctac<>, \ m < , I'. K R . M< >M< \ \ ■ \s and 

MAT('RI>.\Y>. via n.tklnnd Kerry, at l:<0 i\W., passing Lallirop at - I r n. connect- 
ing at Til' I ' r, i IroniSan Kranriaru, with tin 
URAl'll STAG1 LINK, leaving at h a.x.,1 CKHDA YB.THCRHDAl S and BUNDAY8, 
arming at l.oa Angelet next day abonl •■ p.m, PALACE BLEEPINU COACHES win 
be run regularly on Tmin-. between Sun Pranclaco (Oakland) and 'iv-minn- ft, P, " 



B. In I' »tl lire Vaflfv. Thn-ugli Tn-k.-t- uml Si.-rning i »r AccommodatioLI •nured 
■ MoMiioMKRV STREET. Hun Francisco. A. X. T< > 

General Superintendent Bout hern and central Pacific Ballroad. 



I Only at J XIV 



J. L. WiLLCTTT, General Putengrar and Ticket Agent 8. P. R. R. 
T. 11. Goodman, General Pasvcnncr and 'l'lekist Agcut C, I'. K. K. 
Augusta. yr. U. ROilkllTS, Ageul ToUgraph Stage Line. S. F. 

THE CALIFORNIA CHINA KAIL AND FLYING DRAOOM. 

For Frerj 4'hlnn Meniuer, will t>e laave-d on ihr day of BJilllna;, 
containing a rvrlew of Markets and Prices Current: Grain, Shipping, Monetary 
and Bullion Review ; complete summav of Telegraphic News to date; latest Eaatern 
Market Reports, etc., etc. The most complete and valuable newspaper for tranemla- 
sion to China correspondents. Dec. 34. 



NORTH PACIFIC TRANSPORTATION COMPANY. 

mrr-rlita; Hie I tilted Ntnlea Hnlla.— The NleninabllM «il" lli«* Nortb l*n- 

^Iflc Transportation Company will leave as follows, on the following routes : 
raji Francisco a.vd 9.o* Dikqo — Leaving San Francisco for Han Diego — August 
5th, ilth. 17th, i'd/Jfith. San Ulcgo for San Franclsco-Augusi3d. l jth. ifitli, 2l«t, -7th, 
September '.id. San Pedro for San Francisco— August nh, lOth, tab, 33d, '.'8th, Septem- 
ber 3d. Santa Barbara for Son Francisco— August nh, 10th, l>Jh, -"id.'^tli. 3eptcniher 
Sd. Leaving San Francisco at 9 o'clock a.m. kcrxxa and Cbescknt City, on the 
Sth and 'JOth of each month, at 10 o'clock a.m. Tbe Steamer sailing on the 30th will 
extend her trip to Port Orford, Coos Bav and Cmpqaa River. 
Aug. in] HOLLADAY & BRENHAM, Agents, 317 Sansomc street. 

THE OREGON WQ0DENWARE MANUFACIURING CO., 

re-eon * it^. Orecon, 1I:ii,uf.i«l»r<' In n Nofterlnr Maimer «Te<lnr. 

. Maple and Ash Backets, Tubs. Butter Firkins, Kits, Washboards, Bobbins, 
Broom-handles, etc., etc. We shall be constantly receiving these goods, which we 
"tffcr to the trade at Lowest Prices. SO dozen S-hooped Varnished Ash Buckets Just 
ecelved. [Aug. iQ.] HOLLADAY & BRENHAM, Agents, -iio Front street. 



c 



o 



OREGON STEAMSHIP COMPANY. 
T>e-gtilnr Stenniem to l > «ti-tlniid, lenviiiE Snn Fmnelaeo weekly: 

X\, Steamships JOHX L. STEPHENS, ORIFLAMME, AJAX. connecting with 
steamers to SITKA and FCGET SOUND, and O. and C. R. R. Co., and Oregon 
C. It. R. Co. through Willamotto, Umpqua and Rogue River Valleys, Oregon. 
Au g. 10-] WM. NO iilil S, A gent, No. 317 Sansome street. 

W. "W. DODGE & CO., 
Importers nnd Wbolesiile Dealers its Groceries ami Provisions, 

Corner Front and Clay streets, SAN FBANCISCO. 
NEWTON BOOTH, I J. T. GLOVEH, 
C. T. WHEELER, W. W. DODGE, 
Dec. 9.] Sacramento. J San Francisco. 



S, T. SUIT & CO.'S 

CELEBRATED KENTUCKY YlIlISKd:*! 

Congress Bourbon, National Bourbon, 

Capital Bourbon, Breckenridge B. B. B- Bye. 

None of the above brands are under three tears old. Quality Guaranteed. 

BOOTH A CO.. Sacramento, W. W. DOIXJE A- CO.. Son Franelsee, 

Dec. 9.] Sob; Agents for Pacific Coast. 



EX SHIPS NEPTUNE AND HAMILTON. 

Just received, direct from ySvst*m. %. T. Suit -.V Co^-nri^otilnville. Keii-> 
tucky, an Invoice of their celebrated BOURBON and RYE WHISKIES, from 
three to live years old. Quality and age guaranteed. For sale In lota to suit bv 

W. W. DODGE & CO.. San FrauciBCO, 
BOOTH & CO., Sacramento, 
July 27. Sole Agenta for PaclflcCoant . 

CTJTTEB WHISKY. 

A P. Hotnlliis; «t Co., No, -i:tl SwcUhou streea. are the Sole Agents 
• on this Coaet ior the celebrated J. H. CUTTER WHISKY, Bhlnped direct to 
them from Louisville. Kentuckv. The Trade are cautioned against the purchase of 
inferior and imitation brands of " J. H. Cotter Old Bourbon." Owing to its deserved 
reputation, various unprincipled parties are endeavoring to palm off spurious grades. 
It ia really the Best whisky in the United States. March 19. 



C. J. COLLINS, 

H niter, -Wo. 331 Montgomery street, near California street, sitder I. 
O. O.F.HalI. Masonic, Army and Navy Goods a Specialty. All goods 1m- 
fiorted or manufactured by me are guaranteed to be of the very best quality. Thank- 
ul for the large and Increasing patronage bestowed upon me by the public, I hope 
to add to it by the superiority of ray work and the reasonable figures at which every 
ar ticle is sold. J"'»c-i"- 

EDWAED F. HALL & CO., 
tocln Brokers nnd Members »t the Nan Francisco Stock and Ex. 

) change Board. Cash advances made on active stock accounts kept with us. 
Jan. IS. Ofllcc: Ko. -lilt California street. 

CYRUS w. JONES.] JONES & COLE, [THOMAS cole. 

Coiunihwlon M .■<■!( Brokers. OWce: Booms >«>.'- 10 ami 11 ttxuresa 
Building, San Francisco. April 27. 

KB. LAVEB, 
r Fuller >t Lnver, New York, Consulting Architects — Office: Sixth 

street, near Market, San Francisco. March SO. 



s : 



o 



JAMAICA BUM, 

ID Quarter Caska— -IM* Or. Casks Hieh Proof—For sal*.- In Itoi-d or 
duty paid, by [Feb. 9.f AGARD, FOUL-RES & CO., 412 Front Btreet. 

NOTICE. 

For the very heat Pbotosrrnphs eo lo Bradley -A- Rnlofson's In nn 
Elevator, 42» Montgomery street. Oct. 29. 

Jas. O. Rountree.] R0UNTBEE AND McaTULLIN, [Geo. O. McMtjllin 

Wholewtle Scaler* in Clroceries and Provisions, So. 333 Front 
street, between Clay and Commercial, San Francisco. Oct. 29 

GOLDEN HILL COBALT, NICKEL AND CHEMICAL WORKS. 

Stoke upon Treat. Staffordshire. England.— J- ■*- Williainscn. the 
proprietor of the above works, is open to purchase Ores of Cobalt, Mckel and 
Bismuth; also, Bor ate of Lime and Tincal. Aug. 5. 

BRITISH BENEVOLENT SOCIETY OF CALIFORNIA. 

Attvtxlat.ee, <k>ily. from IO a.m. to 1 p.m.. toy the undersigned, to 
receive snbscriptions and donations, and to furnish all Information relating to 
t he Society. [Oct. 23.] J. P. McCURRIE, Sec'y. 730 Montgomery street. 

OAKLAND MILITARY ACADEMY. 

Ihe Eighth Year will coiuiueuce on Wednesday. Jnly 20th. 1871. 

Address [Julyl.] REV. DAVID McCLUBE, Principal. 



T 



TO RANCH OWNERS. 

Wanted, the mnnj'gemei t of a sheep or cwttle much. Ilns had four 
years experience in Australia, and is perfectly acquainted with the manage- 
ment and diseases of both cattle and sheep. The highest references given. Direct 
" E," News Le tter Office, Montgomery street. San Francisco. July 2-. 

DOG LICENSES FOR 1873 NOW DUE. 

otlce to Owncrs—AJl Sios» r tit provided with » Sew TagniM he ar- 
rested by the Pound-keeper^ Deputies on and after August 1st, 18TJ. Tags now 
if. 



N 



ready at office, No. ',. City Hall 
July 13. 



E. P. BCCEiET. Collaatsr of Ll< 



8 THE DAILY FINANCIAL POSTSCRIPT. Aug. 12. 

THE BANK OF CALIFORNIA. 

iS-A-HO- FHANOISCO. 



Capital, - - .T. " " $5>000,000 

D. 0. MILLS, President. I W. C. RALSTON, Cashier. 

In New York, Messrs. Lees and Waller; in Boston, Tremont 
National Bank; in London, Oriental Bank Corporation. 

j^~ The Bank has Agencies at Virginia City, Gold Hill, White Pine, and Correspondents at all the principal Mining Districts and Interior Towns 
of the Pacific Coast. 

Iiettera ©i Urafllt Israel!* 

Available for the purchase of Merchandise throughout the United States, Europe, India, China, Japan and Australia. 

Exchange for Sale on all the Atlantic Cities. 

DRAW XHHREOT OIV 

London, Dublin, Paris, St. Petersburg, Amsterdam, Hamburg, Bremen, Vienna, Leipsic, Frankfort-on-the-Main, Auckland, Melbourne, Yokohama, 

Shanghai, Hongkong, Sydney, etc. 

LONDON AND SAN FRANCISCO BANK: 

T.TMI'MMI >- 

With which lias been consolidated the business of 

PARROTT <fc OO., Bankers, 

SAN FRANCISCO, CALIFORNIA. 



Capital, - - 83,000,000. Reserve Fuxxca., 8300,000 



Of which §3,000,000 is fully paid up as present Capital, and will be increased as the growth of the business requires. 

SAN FRANCISCO OFFICE, -433 CALDFOBNIA STREET. 

London Offices of the Bank, 22 OLD BROAD STREET, E. C. 

DIRECTORS: 

Frederick Rodewald, Esq., Chairman ; H. L. Bischoffstaeim, Esq. (Messrs. Bischottsueim & Goldschmidt) ; J. F. Flemmich, Esq. (Messrs. F. Hutb 

&Co.); E. H. Green, Esq. (Messrs. Russell and Sturgis, of Manila); Julius May, Esq. (of San Francisco), Frankfort-on-tlie-Main ; 

J. 8. Morgan, Esq. (Messrs. J. S. Morgan & Co.) ; Baron H. de Stern (Messrs. Stern Brothers) ; Rudolph 

Sulzbach, Esq. (Messrs. Sulzbach Brothers), Frankfort-on-the-Main. 

Manager in London : - - - R. D. PEEBLES, Esq* 

ie czetary, - 3AME& M* SXEEE1E.K, 

President iu Sam FFaac£sco 9 MlEsTOH S. £JLTl£JLliL 

Assistant Manager 'San Francisco', CAM1LO MARTIN. Cashier (San Francisco), - - ARTHUR SCRIVENER. 
Accountant, ........... ALFRED BANNISTER. 



The Bank is prepared to transact al! kinds of General Banking and Exchange Business, in London and San Francisco, and between said Cities and all parts of the 
world. The San Francisco Otticei s authorized to draw Bills of Exchange or issue Letters of Credit upon either of the under-named Founders and Proprietors ot the 
Bank, or (at the option of the buyer) upon the following Houses, with whom the Bank has established credits, viz : LONDON— The London Joint Stock Bank, No. 5 
Princess Street ; Messrs. Bischoffsheim, Goldschmidt & Co.; Messrs. Fruhline & Goschen ; Messrs. Frederick Hnth & Co.: Messrs. J. S. Morgan & Co. (successors to 
Messrs. George Peabody & Co.) ; Messrs. Stern Brothers. NEW YORK CITY— Messrs. Drexel, Morgan & Co., 53 Exchange Place. BOSTON— Third National Bank. 
PHILADELPHIA— Messrs. Drexel & Co. PARIS— Drexel & Co.; Bischoffsheim. Goldschmidt & Co.; Messrs. A. J. Stem 4 Co. FRANKFORT-ON-THE-MAIN -Mr. 
Gehruder Sulzbach ; A. J. Stern & Co. GERMANY— Bank of Saxe Meinin-en. AMSTERDAM— Banque de Credit and Depot des Pavs Bas. ANTWERP— Nottchohn 
Brothers; F. R. Bischoffsheim. HAMBURG— John Berenberg, Gossler & Co. BERLIN— Deutsche Bank Actien Gesellschaft. GENOA— Dapples & Co. NAPLES 
and FLORENCE— Anglo-Italian Bank. VALPARAISO and LIMA— Fred. Huth, Gruning & Co. MANILA— Russell & Sturgis. CHINA and JAPAN— Hongkong and 
Shanghai Banking Corporation. AUSTRALIA and NEW ZEALAND— Union Bank of Australia; Bank of New South Wales. IRELAND— Provincial Bank or Ireland, 
and all its branches, viz: Dublin, Cork, Limerick. Clonmel, Londonderry, Sligo, Wexford, Belfast, Waterford, Galway, Armagh, Athlone, Coleraine. Kilkenny, Ballina, 
Tralee, Youghal. Enniskillen. Monaghan, Banhridge. Ballymena, Parsonstown, Cavan, Omagh, Dungannon. Bandon, Ennis, Ballyshannon, Strabane, Dung.arvan, Mal- 
low, Cootehill, Kilrush, Skibbereen, Ennischorthy, Fermoy, Newry, Drogbeda, Nenagh, Templemore, Carrick-on-Sttir, Carrlck-on-Shannon, Clogheen, Newcastle, County 
Limerick. 

SPECIAL ATTENTION PAH) TO SELLING OALIFOENIA SECURITIES IN EUEOPE. 

Collections, Purchases of Real Estate and Mining Shares* and Investments of all hinds in California. 

MILTON S. LATHAM, President. 

BEN. HOLLADAYTPresident, 

§a» frEaacisco, 

WM. NOEEIS, Vice-President, San Francisco ; HOLLADAY & BEENHAM, General Agents, San Francisco. 
Dispatch Steamers to the tollo-*vingr places. 



Portland, Oregon; Sitka, Alaska; Eureka; Cresent City; Port Orford; Coos Bay; Umpqua River. 

Son tlj era Eoate : 

Santa Cruz, Monterey, San Simeon, San Luis Obispo, Santa Barbara, Los Angeles, Anaheim, SanDiego, Etc. 

SKe-xleaa E&ntet si earner eve tj Wettj Days s 

Cape St. Lucas, Mazatlan, San Bias, Guaymas, and La Pass. 

OFFICE : 217 Sansome Street, San Francisco. 

The Premium Shirt Maker, Mrs. EVELINE MORRIS, 526 Kearny Street 




Price, single copy, 5 cents ; per Week, 
35 cant* ; per Annum, Including Poctago 
to any put of the world, Twelve Dol- 
lar*. Printed and Published by Frederick 
Marriott, No. €23 Montgomery Street, 
San Francisco, Oaliforaia. 



Delivered immediately on the arrival of 
the malls in Now York, Liverpool, London, 
Paris, Hamburg. Frankfort. Berlin, Suez, 
Alexandria, Yokohama, Shanghai, Hong- 
kong, Melbourne, Auckland, Sydney and 
Islands of the Pacilic Ocean. 




[Established July 20, 1856.] 



latest WLtm from ®nr Diamond Ww% in gfttrt 



ait a and JUteana. 



Dispatched Daily by the Mails to every Monetary and Commercial Cento- throughout the World. 



Vol. 1. 



SAN FBAN0ISC0, TUESDAY, ATJ(J. 13, 1872. 



No. 20. 



OFFICE OF FIXAXCIAL POSTSCRIPT. 

San Francisco, 12 M., Aug. 13, 1872. 

BULLION , MONEY AND EXC HANCE. 

&0LD BAES, 860 to 70. Silver Bars. 1 1-4 Discount. Treasury Notes 
are selling at 86 3-4 to 87 1-4. Mexican Dollars, from 7 1-2 to 8 1-3 
premium. 

-p\XCHANGE ON NEW TOEK, 1-2 per cent. prem. for Gold; Currency, 
Hi 14 1-4 per cent On London : Bankers, 49 to 49 1-8; Commercial, 49 
S-4 ; Paris: 5f. per dollar. Telegrams, 1. 

PRICE OF MONEY HERE, 1 to 1 1-4 per cent- per month— Bank rate. 
In the open market, 1 to 1 1-2 per cent- per month. The demand is 
active. 



SALES OF STOCKS THIS DAY 

At the San Francisco Stock and Exchange Board. 



UIOH. 

46 

46 
181 
150 
15S 

90 

92 X 

89 
148 
152 



SHARES. LOW. 

Onhir I 50 *» 

Do SO •••• b5 

Gould & Curry.... 65 177Ji 

Savage U5 MS 

Do 20b80 153X 

Ohollar 19 ° 

D„ 240 1)30 91 

Hale & Norcross ... 60 88 

Orown Point 300 146 

D 205D30 150 

Do W •■•• M 148 

Yellow Jacket 65 

Imperial 030 

Do 20 1)30 

Empire *75 

Do I 50 

Alpha 5 

Best and Belcher... 235 

Do ..-■ 50 .... 1)6 
Do .... 60 .... 1)3 

Kentuck •• M .... ! 

Con. G.H.Qz 46 7X 

Confidence 810 13 



146 
13X 
14 

16 X 



148 
13X 
MX 
17 
1 17X 
62 

7 
7 



SHARES. LOW. 

Belcher 295 129 

Do 100b30 132 

Do 30 1)3 130 



Cons. Virginia '•20 

Do 50 

Do 60 

Overman 100 

Justice 10 

Succor 410 

Julia 30 

Caledonia 690 



42 



4X 



HIGH. 
132 

135 
132 
44 
bSO 433, 
b5 43 
R7 
15 

m 

5 



Do 325 bSO 67X 



Knickerbocker 460 

Baltimore 750 

Arizona and Utah.. 50 
Bait. American... 500 

Central 80 

Silver Bill 160 

Eclipse 290 

Cook & Geyer 50 

New York Con 125 

American Flat 200 

Woodville 550 



8% 

4X 

4« 
11 X 

7 



70 
9 

454 
IX 
4* 

12X 
7X 

17X 
1 

IX 
IX 
4 



At the California Stock Exchange Board. 



SHARES. 

Baltimore 60 

. Do 100 

Ohollar 5 

Chapman 150 

Condor 25 

Eureka Cons 20 

Empire Mill 20 

Golden Chariot.... 60 

G. H. Quarts 20 

Huhn&Huut 350 

Imperial 60 

Mammoth 1O0 

Mahogany 10 



HIGH. 

4*i 
1)30 5 
90 

2X 

3 
22 
16 
11 

7X 

b30 3« 

13?i 

55c 
15X 



SHARES. 

Meadow Valley.... 20 

New York 100 

Ophir 50 

Pea Vine 300 

Do 100 

Pioche 10 

Page & Panaca.... 1O0 

Do .... 50 

Raymond & Ely... 10 

Sterling 200 

Savage B 

Virginia Cons 50 

Yellow Jacket — 5 



*OW. HIGH. 

16X 
IX 
44 44X 

IX 1 3-10 
... b5 13-10 
29 
2X 
... 830 2X 
.... bSO 156 
X 6-10 
147 
40 
147 



— The Executive Committee of the Committee of Oue Hundred 
held a meeting yesterday afternoon, which was consumed in debate. 

To-day is the regular semi-monthly mercantile collection day in 

this city. Collections are reported somewh at behind-hand. 



LATEST TELECRAPHIC NEWS. 



ZONBOX, AUG. 13. 

United States 5-20 Bonds, Aug. 12, 92. 1 Liv'p'l Wheat Market, Aug, 12, 12s 4d. 
Consols 92X Money. 

XEW YOJtK, AVG. 13. 

United States Bonds — Five-twenties of 
18G2,116X;1867,115X. 

Wheat, — 

Barley. — 

Quicksilver Mining Company, 41. 

Cotton, quiet, 21 Xc. 

Wool, Spring, floe, 38@45c; Bnrry, 30® 
35c. ; Pnl led , 5»!}60c. ; Fall Clips, 82® 
37c. Burry, 20@25c. 



Gold opened at 11'.'.; 

Sterling Exchange. 

Flour, -. 

Pacific Mail, 78X. 

Wells, Fargo & Co.. 

Oil, S perm, qniet, $1.38@tl.40 ; Win- 
ter Bleached, J1.6057X1.68 ; Whale. 
Arm, 70c®— ; Wioter Bleached, 
70®75. 

Hides, dry, 23#®24,Xc; salted,12@12^. 



: 11 A. M. at 115,X 
, 103X@109X. 



a\ 



YESTERDAY AFTERNOON SALES 

At the San Francisco Stock and Exchange Board. 



SHARES. 

Alps 300 

American Flag — 125 

Adams Hill 200 

Belcher 70 

Bellevue 60 

Belmont 900 

Do 180 

Crown Point 310 

Do .... 90 
ChoUar 130 

Do 70 

Do 20 

Confidence 300 

Chapman 500 

Condor 325 

Do 50 

Caledonia 225 

Do 100 

Eureka Cons 845 

Do 130 

Excelsior 750 

Golden Chariot.... 60 
Hale& Norcross... 90 

Hermes 200 

Huhu &Hunt 400 

Imperial 70 



LOW. 



20.X 



124 



HIGH. 

4 

20X 
2X 
128 
■%f 
7 7X 

.... s30 Vi 
144 145 
.... 630 147 

00 88X 

.... bSO 90 
.... blO 84X 

lax 

2X 

2X 

.... b30 8W 

69 69tf 

....b30 71 

22X 22X 

.... b30 23X 

12 12X 

lOii 



4X 
8X 



6 

3X 
14 



SHARES. LOW. HIGH. 

IdaEbnore 85 16X 17 

Ingomar 200 IX IX 

Independent 265 1 IX 

Knickerbocker 350 .... 9X 

Ionise 150 2 2X 

Lillian Hall 100 .... 80c 

Mahogany 35 .... 15* 

i Meadow Valley. ... 980 16 16X 

Do 100 .... e30 16X 

l Minnesota 100 — IX 

jOphir 10 .... 44 

j Do 60 .... 05 44 

, Do 100 .... b30 45 

O.H.Treasure 45 6 6X 

Overman ......... . 15 .... 85 

Pioche 165 28X USX 

Phmnix 500 4X i% 

' Page & Panaca.... 260 .... 2X 

Pea Vine 350 .... IX 

Raymond & Ely... 325 149 152>f 

Do ....105 030 162 152X 

Sierra Nevada 150 — 16 

\ South Chariot 525 2 2X 

I Wash'ton & Creole. 70 .... 4X 

Yellow Jacket 120 145 146 



At the California Stock Exchange Board. 



SHARES. 

American Flag — 20 

Gold Hill Quartz... 50 
Hale & Norcross... 4 

Huhu & Hunt 350 

Do 250 

Pea Vine 100 


LOW. HIGH. 

20X 
4X 
7X1 
.... 87 

3X 8X j 
.... S30 3X 
8X 9 
IX 


New York Cons. 
Do 


SHARES. 

...200 
...100 


LOW. HIGH. 

IX IX 

.... 63 IX 

42X 42X 


Do 

Page & Panaca. 
South Chariot •• 
Sierra Nevada.. 


10 
..1800 


.... S10 43 
.... 830 2X 

ax 

.... b80 16 



It is stated that a second railroad incorporation is in process of 

formation which will apply for city bonds in aid of the construction of a 
railroad from San Francisco to a point to be designated in the southern 
part of the State. The leading subscriber (Mr. Alvinza Hayward) is re- 
ported to have taken $500,000 of the stock, and that the sum of S70.O0O 
has been paid in at the banking house of Seligman & Co. 



Subscribers in Advance to Financial Postscript can have their Copies Mailed Free from the Office 



THE DAILY FINANCIAL POSTSCRIPT 



Aug. 13. 



San Francisco and Colorado Railway Company. 



OFFICE OF THE SAN FRANCISCO AND COLORADO RAILWAY COMPANY, ) 
No. 306 Sansome Street, San Francisco, August 10th, 1872. i 

To the Public : — On the 19th nit. this Corporation filed its articles of association, which was organized for the purpose of constructing a railroad 
from Mission Bay in the harbor of San Francisco, to the Colorado River, at or near the thirty-fifth and thirty-second parallels of latitude, over the 
most feasible route, running through the counties of San Francisco, San Mateo, Santa Clara, Monterey, San Luis Obispo, Santa Barbara, Los AngeleB 
and San Bernardino. 

Everything being done in conformity with the Statute made and provided for this purpose — the money ready necessary preliminary to an organiza- 
tion, viz: ten per cent, on one thousand dollars per mile in gold coin, deposited to the credit of the Treasurer of the Company, in the Bank of Cali- 
fornia. The great objects in view in constructing the road were: 

First — The furnishing of a great trunk line railroad below the snow line from the Atlantic to the Pacific Oceans, the Pacific end of which should 
forever belong to the people of the City and County of San Francisco and other counties through which it proposes to ran, and be built by their citi- 
zens and their money, and, therefore, in sympathy and wholly identified with them and their social and commercial interests. 

Second — While it proposes no warfare with any existing railroad interest, it does propose inaugurating a system closely allied with the commercial 
and industrial wants of our people, entirely independent of any railway interest^ free of any alliance, present or prospective, with such an interest on this 
Coast or State ; and to enter into entirely satisfactory guarantees with the City and County of 8cm Francisco tlutt its railway shall be held and operated in entire 
conformity with such a system. 

Third — It proposes to stretch out its arms to meet the on-coming railroads at or near thirty-fifth or thirty-second parallels, and thus hasten the 
completion of one or both of the Atlantic and Pacific and the Texas Pacific Railroads in from two to three years, and by whatever time we do antici- 
pate their completion, place San Francisco that much earlier in communication with Arizona, New Mexico and the great Valley of the Mississippi ; 
and in doing this, we propose to extend the hand of friendship to those roads aiming at those points, to offer to them just and equitable arrangements 
for exchange of business, and in the construction of such a long and expensive portion of the line, a moral and financial benefit that it would be diffi- 
cult to overestimate. 

To do this we need the cordial support of the citizens of San Francisco, and the counties through which our road runs ; and we need and must have 
the subsidy aid which the City and County of San Francisco is empowered to give to the extent of $10,000,000, and aid from other counties, which 
have the power in relative sums. We are aware that a great variety of views are entertained as to the best mode of securing the construction of the 
contemplated road ; and we realize that in a matter of such vital interest to this city and State, the most intelligent and honest people may differ as 
to the wisest plan, and hence we do not deem it proper for us to charge those who differwith ns with being dishonest, or being actuated by unworthy 
motives. We think we have canvassed all reasonable modes of accomplishing thiB great work before us. Whatever may have been our views as to 
the wisdom or desirability of having the City and County of San Francisco and other counties becoming directly interested in the stock of the Com- 
pany, or collaterally benefited by the creation of a trust for their benefit, we found ourselves confronted with the statute of the State, which prescribes 
the only way in which aid could be extended to this or any other Railroad Company, viz: By direct donation of the bonds of the counties. The follow- 
ing correspondence will place this branch of the subject in a clear and, we think, an unmistakable light : 

OFFICE OF THE SAN FRANCISCO AND COLORADO RAILWAY COMPANY, I 

San Francisco, July 30th, 1872. J 

S. M. Wilson, Esq., Attobney-at-Law, Present — Dear Sir: Our company desires your opinion upon the following points, viz.: First— Has the 
City and County of San Francisco authoity to grant a subsidy to aid in the construction of a railroad, and if bo, to what extent ? Second — Has said 
City and County the legal powers to subscribe to the stock of a Railroad Company, and if so, the extent and manner of doing it ? Third — If the City 
and County aforesaid cannot subscribe to the stock of a Railroad Company, but can grant a subsidy, is there any legal device by which, in her own 
behalf or by others as Trustees, or otherwise, for her, she can be legally secured an interest in the stock or evidence of obligation of a Railroad Com- 
pany, in consideration of such subsidy? An early answer will oblige your obedient servant, J. Moka Moss, President. 

SAN FRANCISCO, August 9th, 1872. 

J. Mora Moss, Esq., President San Francisco and Colorado River Bailtcay Company — Dear Sir: Your letter of the 30th ultimo was duly received. The 
questions propounded by you require considerable examination, and their importance demanded the time consumed before making a reply. In view 
of your request for an early answer, the conclusions arrived at are now given, rather than extended opinion. First, the authority to aid in the con- 
struction of railroads is given to the City and County of San Francisco by an Act of the Legislature entitled " An Act to empower the Board of 
Supervisors of the several counties of the State to aid in the construction of a railroad in their respective counties," approved April 4th, 1870, and a 
Supplemental Act approved on the 6ame day. These provide that the several counties, including the City and County of San Francisco, shall be 
authorized to aid in the construction of railroads, by the issue of bonds, after the expression of a favorable opinion by the people at an election in the 
manner prescribed. The validity of these Acts is settled by the decision of the Supreme Court of this State in the case of the Stockton and Visalia 
Railroad Company, vs. The Common Council of the City of Stockton, April term, 1871, and being valid, it follows that aid may be granted in the man- 
ner and to the extent therein provided. The amount of the bonds is limited to five per cent, of the value of the taxable property, according to its 
valuation on the assessment roll last preceeding the issue of the bonds ; and if there is any out-standing indebtedness incurred by granting other aid 
to railroads, the amount of this indebtedness is to be deducted from the amount of the bonds. 

Second — The City and County of San Francisco has no power to subscribe to the stock of a railroad company. The Acts above referred to contain 
the only provisions now in force authorizing San Francisco to aid in the construction of railroads. The aid contemplated is a donation or subsidy, 
and not a subscription to a stock of a railroad company. Such a subscription is not within the letter or meaning of the law. The power given is 
•imply to issue bonds, and it was not intended that any liability should be created except for the payment of the bonds. The power to become a 
stockholder involves very different considerations and consequences. It could not be exercised without subjecting the City and County to the same 
duties and liabilities imposed by law upon other stockholders, and the power can only exist by express grant from the Legislature. 

Third— Having come to the conclusion that the City and County cannot directly become a subscriber to the stock of a railroad company under any 
existing statute, and that in granting aid the corporation is limited to a donation or subsidy under the Acts of the Legislature referred to above, 1 
know of no legal device by which the City and County can indirectly secure an interest in the stock ; for the law will not allow by indirection what 
cannot be done directly. Nor can the City and County contract for any dividends or other compensation from a railroad company as a consideration 
or the subsidy, as that would be to destroy its character as a donation. Any legal scheme to evade the plain meaning of the law, would in my judg- 
ment prove a mere delusion and snare. 

However, the electors of the city have one great power on this subject, which can always be exercised beneficially. The law provides that " the 
route for which aid is proposed to be granted, shall be definitely described " in the notice for the election at which the people express their will on 
the subject. This gives them the power to designate the termini of the route, and in effect to make the donations that cannot be evaded. 

Respectfully, your obedient servant, S. M. Wilson. 

Intelligent engineering parties will soon be organized and In the field exploring for the best and most direct route to the thirty-fifth and also the 
thirty-second parallels of latitude at the Colorado River. 

It being our purpose to bring this enterprise within the reach of every citizen who desires to sustain an independent railroad, free of any other in the 
State or any combination therewith, and our organization being perfected, as before stated, and subscriptions having been already made to it to the 
amount of $4,630,000, we now invite the public to call at the office of the company and subscribe to the stock in such sums as may be desired by each 
individual. 

It is due to the citizens of San Francisco and the State that the enterprise should be fairly and intelligently placed before them. We mean business, 
and have no purposes except what we have herein stated. By order of the Board of Directors. 



J. Mora Moss 
H. M. Newhall, 
Geo. H. Howard, 
J osi ah Belden, 
H. D. Bacon. 



John Parrott, 
W. C. Ralston, 
R. B. Woodward, 
Michael Reese- 



Peter Donahue, 
Wm. T. Coleman, 
John O. Earl, 
Albert Gansl, 



Aug. 13. 



OF THE SAN FRANCISCO NEWS LETTER. 



HOME MUTUAL INSURANCE COMPANY OF CALIFORNIA. 

.lit « .illfonilM SI.. *lrrWintita I. \rliiuun- Hul Ulliltf. T t* 9 mill i|n. 



HTML ll. I ulirul. \\ .11 II. 

; riMon, w m. ti i 4 m mo, 

.Jr., Jo*. Uillow»y, W. r. u»rr*it. Q, Waterhoose, A. 
i P, Wiv»««rm»n. ft. Goldsmith, I., F. Grover, 1). M* 



ii. i;.- 

■ ;<\ J. A. Crawford, IV M French, J. Lowcnbenr, 
Hamilton Boyd, Manager. W. L. I.*<id. Treasurer. Marvsvllle -1). K. Knight. Saiv 
Diego- A H wllcoi. Baersmcoto Branch— Charles Cr»ck«r, A. Redlngton Mark 
Hnnkhu. Js*. Car»Isa, J- f, Houghton, l>. W, Karl, l*aac Lohnian, Julian ttetilsr. 
A'rtUlsr, Manager, 1. Lolnuan. SecrttUrj. Stockton Branca M. n. Hewlett 
©•O.B. Rvan»..T. D.IVter*. N'.M.Orr. W. P. UoKM, A. W, EUmpsOQ, \.T BaatOH 



H. M. fttanloff, H. H. Hewlett. Muumr, N. If. Qrr, SttoreUrj. Bu Jo«e Branch— T. 

Kllsrd Beant, Ju»l*» ReldeiijA. PniHt-r. J. B. carter. Jackson Lewi*. S. Oarea \o*h 
*mer. H. l>. Morphy. J. J. Donnv, Manager, A. K. Moody. Secretary. Grass Valley 
Milam Watt, Robert Wstl * Feb, i; ™ 



Pali 

-wim 



FIRE AND MARINE INSURANCE-UNION INS. CO. OF S. F. 

Slhe California l.!o,< ds — r:«f nhllshed in IHllI—Nos. 410 and il* Cnll- 
lornlastreeU Cash capital. fTW.OOO In Gold. A««'i* exceed f l, 000,000 Coin. Fait 
tea! Prompt Settlement of Losses! ! Solid Security! ! IHrkitokh— J. Mora Mow 
Jamr* Ottn, Henrv Falling, J. G. Kittle. Daniel Hmr, M. J. O'Connor W W 
Moutaguc, Moses Holler, AilaniGraat, N.J. T. Dana, \Vm. Scholle, Charles Cobi&t, 
J oseptr Seller, W. C. Ralnton, I. Lawrence Pool, A. Weill, Joseph Braintenstein, 
Benjamin Brewster. Jabci Howes. Milton S. Latham, Nicholas Lunlug, John Parrott 
L. Sachs, M. P. Sweeney, T. Lemmen Meyer, James Phelan, Gua. Touch Aril, G. Brlg- 
oardello. N. u. Kittle. George C. Hlckox. J. 11. Balrd, L. A. Booth, T. E. Llndun- 
berger. L. Cunningham, Peter Decker. 

GUSTAVE TOl'C HARD, President. 
_ Chabl*3 P. rU TKX, Se cr etary. Gko. T. Boumx, Surveyor- Ma y 7. 

NEW Elf GLAND MUTUAL LIFE INSURANCE CO., OF BOSTON. 

Saa IntiiMfled (In- busiur«» of I. Iff Insurance for over n quarter 
of acentary. Ita assets amoont to over Nixe Million Dollars. The law of 
sachuaetu makes all Its Policies nonforfeitable. It is a Purely Mutual Company, 
dividing every cent of surplus among Pollcv-boldcrs. This Is the Only Company 
on the Pacific Coast governed by the Massachusetts Lapse Law. 

WALLACE EVERSON, General Agent. 
April C] N. E. cor. California and Sansome sts., opposite Bank of California. 

REMOVAL AND CHANGE OF AGENCY. 

The public are imii^l io lake nni ice t hat I be II it :i Iniuranef Com. 
pany of Hartford, have removed from the corner of California and Leldesdorff 
streets, to the opposite side of California street. No. 11 Merchants* Exchange Build- 
ing. Also, that they have recently appointed the undersigned their General Agent 
for tbls Coast. All business of the Company will be attended to at their new loca- 
tion, by the newly appointed General Agent, The old ^Etna has cash assets of 
$5,Oa!,s*0, and an experience of Fifty Years In the tire insurance business. 



Wm . MACDOyiJj , Agent. 



GEO. C. BOARDMAN, General Agent. 
Nov. 21 . 



FIRE AND MARINE INSURANCE, 

The Fireman's Fund Insurance Company, of San Francisco, Cal- 
ifornia. Organized April 25, 1863. Capital, $500,000, fully paid In gold coin. 
Fire, Marine, Harbor and Inland Transit Risks, on terms as favorable as any other 
reliable first-class company. Greatest amount taken on one risk, $60,000. Portions 
of risks considered too large will be re-insured in responsible companies. Losses 
promptly paid in United States gold coin. D. J. Staples, President; G.T.Lawton, 
Vic e-President; Charles R. Bond, Secretary. 

NORTHERN ASSURANCE COMPANY, OF LONDON AND ABERDEEN. 

Sub«erlbe<l Capital, 810,000,000 ; Aceuni dinted Fund. 85.770,000; An- 
nual Fire Premium, $1,065,000. Losses Promptly Paid in U. S. Gold Coin. 

W. L. BOOKER, Agent, 
[Jan. 13.] No. Sin California street, San Francisco. 
rJT" The Policies of this Company arc not only guaranteed by the Capital but by 
the unlimited personal responsibility of fully seven hundred Shareholders. 



COMMERCIAL INSURANCE COMPANY OF CALIFORNIA. 

OfHee In Man Francisco, No. 135 California afreet.-— Fire, Marine and 
Inland Navigation Risks. Capital : $200/100. DrRECTORs : W W Dodge, Clana 
Spreckles, Michael Skclly, M P Jones, Setden S Wright, WB Cummings, C F Mac- 
Derraot, James M Barnev.F S Wensinger, C W Kellogg, A W Gee, Peter Dean, John 
H Wise, Chas S Dcering, Levi Stevens, James Gamble, E T Gile, Charles Main, Don- 
ald McLennan, W B Hooper, G L Bradley. Sacramento: IIC Kirk. H S Crocker, D 
W Welty, N D Thayer, J H Sullivan, F S Freeman. C. W. KELLOGG, President. 
H. G. Hoa.VER, Secretary. July 2?. 



IMPERIAL FIRE INSURANCE COMPANY OF LONDON. 

Established In 1803 — Capital. 88.000,000 Losses paid here In cash, 
Immediately on adjustment, in United States Gold Coin. 

FALKNER, BELL «fc CO., Agents for California, 
Feb 8. No. 430 California street. 



F 



THE STATE INVESTMENT AND INSURANCE COMPANY. 
Ire nnfl Xarine.— \o. 400 California .irwl. opnoHlte Bankorral- 

. ifornla. Ti'LEK CURTIS, President. 

Peter Donahtte, Tice-Preeldeot. Jan. 20. 



BRITISH AND FOREIGN MARINE INSURANCE CO. OF LIVERPOOL. 



C" 



G 



S* 



411 



SAVINGS AND LOAN SOCIETY, 
/'«1Q Clay street, San Francisco, July 9th, 1872— Ala meeting oftlie 

0-L*7 Board of Directors, held this day, a Dividend of Nine per cent, per annum, 
Tor the six months ending June 30th, 1812, was declared on all deposits, free of Fed- 
eral Tax, and payable on and after MONDAY, July lath, 1872. 
July ill). CYRUS W. CARMANY, Cashier. 

MASONIC SAVINGS AND LOAN BANK. 
unranteed Capita], 8150,000, Offiee, No. 6 Post «treet, Masonic, 

' Temple, San Francisco, California. LEONIDAS E. PRATT, 
Gbq. R ob ins, Secretary. [April 16.] President. 

THE LONDON AND SAN FRANCISCO BANE (Limited). 
ell Omft* on Yokohama, Houffkoiiff, Shunghal and SXanlll, at 

sig ht or o n time, in sumeto suit. July 4. 

FRENCH SAVINGS AND LOAN SOCIETY. 
Bnsh street, above Kearny. «■;. Dlahe, Director. Lome* made 

on real estate and other collateral securities at current rates of interest. 

FRENCH MUTUAL PROVIDENT SAVINGS AND LOAN SOCIETY. 

Ttveuly-liftb Seml.Annn.il Dividend A Dividend of Nine per cent. 
per annum net (9 per cent.) upon the operations of the French Savings and 
Loan Society tor the six months ending June 29th, 1S72, has, in conformity with the 
report of the Committee of Verification appointed by the members of the Society, 
been declared by the Board of Administration, at the Semi-Annual Meeting held on 
the 16th Instant. This dividend will be payable on and after the isth inatant,at the 
office of the Society, 411 Bash street. GUSTAVE MAHE, 

July 20. Director of French Savings Bank. 

DIVIDEND NOTICE. 

The German Savings and Loan Society.— The Board of* Directors of 
the Society have declared the dividend for the six months ending June aoth, 
18P2, at the rate of (9 3-5 per cent) nine and three-fifths per cent, per annum on Term 
Deposits, and (8 per cent.) eight per cent, per annum on Ordinary Deposits, free of 
Federal tax, payable on and after Monday, the 15th July. By order. 
July 6. GEORGE LETTS, Secretary. 

SECURITY SAVI